12221 Peacock Court
Garden Grove, CA 92841
0
Bed
0
Bath
6,018Sqft
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: 11-15 Units/Acre
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Listing Price Information
Listing Price: $2960000Cash, Cash to New Loan, 1031 Exchange
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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 | 960 SqFt |
| 11192 Biscayne Court, Garden Grove, CA, 92841 | $1,200,000 | 4 | 2 | 1,400 | 1,400 SqFt |
| 9901 Royal Palm Boulevard, Garden Grove, CA, 92841 | $1,149,999 | 3 | 2 | 1,479 | 1,479 SqFt |
| 9661 9671 Maureen Drive, Garden Grove, CA, 92841 | $4,675,000 | 2 | 1 | -- | |
| 9551 9561 Maureen Drive, Garden Grove, CA, 92841 | $5,150,000 | 2 | 1 | -- | |
| 9821 Stanford Avenue, Garden Grove, CA, 92841 | $1,499,100 | 3 | 2 | 1,841 | 1,841 SqFt |
| 11432 Pollard, Garden Grove, CA, 92841 | $1,888,888 | 4 | 3 | 2,961 | 2,961 SqFt |
| 9511 Halekulani, Garden Grove, CA, 92841 | $1,875,000 | 4 | 3 | 3,455 | 3,455 SqFt |
| 11531 Desmond, Garden Grove, CA, 92841 | $1,200,000 | 3 | 2 | 2,106 | 2,106 SqFt |
| 11222 Magnolia Street, Garden Grove, CA, 92841 | $1,228,000 | 6 | 4 | 2,609 | 2,609 SqFt |
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ByOwner last updated this listing 08/12/2026 @ 14:49
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