12221 Peacock Court
Garden Grove, CA 92841
8
Bed
10
Bath
11,326Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1961Building Area Total: 6018Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 11326 Lot Size Acres: 0.26 Lot Size Source: Assessor Lot Size Square Feet: 11,326 Lot Description: ElevenToFifteenUnitsAcre
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Listing Price Information
Listing Price: $2960000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 13310249 Tax Lot: 0
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Parking Information
Parking Total: 10
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Location Information
Direction: Northeast Block of Gilbert and Lampson WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 7700 Lampson Avenue #52, Garden Grove, CA, 92841 | $295,000 | 3 | 2 | 960 | -- |
| 9661 9671 Maureen Drive, Garden Grove, CA, 92841 | $4,675,000 | 2 | 1 | -- | 0.44 Acre |
| 9551 9561 Maureen Drive, Garden Grove, CA, 92841 | $5,150,000 | 2 | 1 | -- | 0.50 Acre |
| 9901 Cedar, Garden Grove, CA, 92841 | $1,000,000 | 3 | 2 | 1,729 | 6,000 Sq. Ft |
| 9821 Stanford Avenue, Garden Grove, CA, 92841 | $1,499,100 | 3 | 2 | 1,841 | 10,366 Sq. Ft |
| 11432 Pollard, Garden Grove, CA, 92841 | $1,888,888 | 4 | 3 | 2,961 | 9,350 Sq. Ft |
| 9511 Halekulani, Garden Grove, CA, 92841 | $1,875,000 | 4 | 3 | 3,455 | 8,100 Sq. Ft |
| 11222 Magnolia Street, Garden Grove, CA, 92841 | $1,228,000 | 6 | 4 | 2,609 | 8,925 Sq. Ft |
| 8851 La Grand Avenue, Garden Grove, CA, 92841 | $999,000 | 3 | 2 | 1,316 | 8,800 Sq. Ft |
| 12611 Loraleen Street, Garden Grove, CA, 92841 | $1,129,000 | 3 | 2 | 1,524 | 7,314 Sq. Ft |
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ByOwner last updated this listing 09/27/2026 @ 07:30
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