12221 Peacock Ct - Apartments FOR SALE


Garden Grove, CA 92841
$2,895,000 USD
949-573-5309
12221 Peacock Ct, Garden Grove, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/20
null | 5.43% Cap Rate

12221 Peacock Ct
Garden Grove, CA 92841


HIGHLIGHTS

  • 5.3% Cap rate on Current Rents
  • 25% Rental Upside
  • Potential to Building up to 8 ADUs
  • Strong Curb Appeal, Cashflow, and Value Add Opportunity

OVERVIEW

Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

10

PRICE/UNIT

$289,500

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Peacock

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,292 SF

ZONING

R-3

APN/PARCEL ID

133-102-49

ASK ABOUT THIS PROPERTY

Gregg HorvathR.L.M. EQUITIESMore Info
949-573-5309

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Gregg HorvathR.L.M. EQUITIESMore Info
949-573-5309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.