12905 Palm Street

Garden Grove, CA 92840
Property listed by Coldwell Banker Envision, Tony Lopez 562-762-7403
$3,400,000
RARE 12-UNIT DUAL-PARCEL INCOME OPPORTUNITY | GARDEN GROVE. Seize a once-in-a-cycle opportunity to acquire a 12-unit, dual-parcel income-generating portfolio in the heart of Orange County. 12905 & 12921 Palm Street are being offered together, delivering a strong and stable residential income stream in one of the region’s most resilient investmentRead MoreRead Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
MixedUse
Lot Size
0.34 Acres
Year Built
1959
MLS Number
RS26081589
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasOven
Building
Built in 1959, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1, Construction Materials: Block, Drywall, Frame
Community
Gutters, StreetLights, Sidewalks
Cooling
None
Accessibility Features
None
Expenses
Electric: $1,800, Fuel: $4,800, Insurance: $7,500, Licenses: $250, Operating: $75,270, Trash: $8,400, Water/Sewer: $9,000
Fence
None
Fireplaces
None
Foundation
Slab
Garage
1 spaces
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $295,800, Gross ScheduledIncome: $288,000, Net Operating Income: $212,730
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.3379 acres, ElevenToFifteenUnitsAcre, NoLandscaping
Parking
12 carport spaces, 13 total parking spaces, Assigned, Carport
Pool
None
Property
RepairsCosmetic
Roof
Shingle
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 23142302, Lot: 2
Tenant Pays
Electricity, Gas
Utilities
SewerConnected, SeeRemarks, WaterAvailable, Water Source: Public, Standard, 12 separate electric meters, 12 separate gas meters
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Monthly Payment
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Melanie Kermode
REALTOR® | DRE 01188137
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.