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10622 Tibbs Circle
Garden Grove CA 92840 US

$5,250,000

Active Listing ID OC25112645
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18 bed
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12.00 Bath (12 Full)
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Lot: 19,602.00 Square Feet
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Apartment

$5,250,000

Active Listing ID OC25112645
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10622 Tibbs Circle Turnkey 17-Unit Apartment Investment in Prime Garden Grove Welcome to 10622 Tibbs Circle, a rare opportunity to acquire a well-maintained 16 + 1 unit apartment complex located in a quiet cul-de-sac in the heart of Garden Grove. This property has been thoughtfully cared for by long-term ownership, with an average of over $30, 000 spent annually on capital improvements over the past 5+ years. Major upgrades include a full copper repipe of the entire building and a complete roof replacement completed in 2012—providing peace of mind and reducing future maintenance costs for the next investor. The apartment offers a desirable mix of one-bedroom and two-bedroom units, many of which have been updated. Residents enjoy the convenience of ample on-site parking, shared laundry facilities, and a spacious central courtyard that fosters a sense of community. Current rents remain below market, presenting a significant value-add opportunity for the next owner through rent increases or further interior renovations. Ideally situated near Little Saigon, top-rated schools, shopping centers, and major freeways including the 22, 5, and 405, the location ensures high tenant demand and long-term rental stability. With its strong in-place income, solid physical condition, and potential for growth, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange County’s most sought-after rental markets.

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Property Features

  • Facts
  • Lot Size: 19,602.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 12
  • Cooling System: Ductless
  • Exterior Finish: Community Features Included: Urban, Sprinkler System, Sprinklers In Front
  • Floor Covering: Laminate, Tile, Vinyl
  • Roof Type: Rolled/Hot Mop
  • Heating Fuels: Ductless (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 5250000
  • unparsedaddress: 10622 Tibbs Circle
  • postalcity: Garden Grove
  • stateorprovince: CA
  • country: US
  • postalcode: 92840
  • bathroomsfull: 12
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.45
  • lotsizeunits: Square Feet
  • lotsizearea: 19602
  • livingarea: 4
  • livingareaunits: Square Feet
  • listagentfullname: Long Nguyen
  • listagentemail: long-realtor@outlook.com
  • listagentkey: 3yd-MRMLSCA-SNGUYLO1
  • listagentmlsid: SNGUYLO1
  • listagentpreferredphone: 7149335686
  • listagentofficephone: 7148944306
  • listofficekey: 3yd-MRMLSCA-H03359
  • listagentstatelicense: 01391629
  • listofficemlsid: H03359
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1960
  • listingcontractdate: 2025-05-21
  • listagenturl: http://www.advancestate.com
  • countyorparish: Orange
  • parcelnumber: 08961318
  • appliances: Range, Range - Gas
  • cooling: Ductless
  • flooring: Laminate, Tile, Vinyl
  • heating: Ductless (Heating)
  • numberofunitstotal: 17
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 16
  • parkingfeatures: Assigned, Garage
  • roof: Rolled/Hot Mop
  • view: None
  • waterfrontyn: False
  • interiorfeatures: Quartz Counters, Parking
  • exteriorfeatures: Community Features Included: Urban, Sprinkler System, Sprinklers In Front
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Advance Estate Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"long-realtor@outlook.com", "ListBrokerageCity":"Westminster", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Katelyne@advancestate.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Advance Estate Realty", "ListBrokeragePhone":"(714) 894-4306", "ListBrokeragePostalCode":"92683", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"14615 Magnolia Street", "ListBrokerageWebsiteUrl":"http://www.advancestate.com", "ListOfficeAddress1":"14615 Magnolia St", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SNGUYKA3", "ListOfficeCity":"Westminster", "ListOfficeCountry":"US", "ListOfficeEmail":"Katelyne@advancestate.com", "ListOfficePostalCode":"92683", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Garden Grove, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/10622-Tibbs-Cir_Garden-Grove_CA_92840_M19892-41784?f=listhub&s=MRMLSCA&m=OC25112645&c=rexren", "MLSModificationTimestamp":"2025-05-21T00:30:45Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/21/2025 3:11:48 PM GMT
Source Updated Date: 12/5/2025 6:45:57 AM GMT

Courtesy of: Long Nguyen, Advance Estate Realty, long-realtor@outlook.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.