Active

12582 Adelle Street

Garden Grove, CA 92841
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Bed 0

Bed

Bath 0

Bath

SqFt4,737

Sqft

SqFt10,223

Sqft(Lot)

Rare pride-of-ownership 5-unit investment opportunity located in a highly desirable West Garden Grove neighborhood comprised primarily of single-family residences and smaller apartment communities. This established residential setting provides enduring resident demand and contributes to long-term investment appeal. Built in 1977, this property has been well maintained and thoughtfully improved over time. Recent capital improvements include a new roof installed over the rear building in 2024 and a new water heater installed in 2025. The property currently generates gross annual income of $148,380. With desirable and diverse unit mix consisting of two 1-bedroom/1-bath units, two 2-bedroom/2-bath units, and one spacious 3-bedroom/2.5-bath townhouse style residence all demands can be met. Unit layouts are designed to maximize resident comfort and retention. The townhouse-style unit features private front and side yards, a rear patio and two side-by-side garages with automatic openers. Remaining residences each benefit from a dedicated one-car garage with an automatic opener, while two additional garages are currently leased for storage, providing supplemental income. The downstairs 1 bedrooms have private yards and patios while the 2 bedroom units have private balconies. Private outdoor areas, garages with openers, and a functional unit mix contribute to strong rental appeal. Ideally situated just over half a mile from Beach Boulevard, this property offers convenient access to a wide variety of shopping, dining, and entertainment options, as well as the 405 and 22 Freeways. Its location places residents within close proximity to major employment centers throughout Orange County, supporting continued demand for quality rental housing. From an operational standpoint, this asset benefits from a straightforward expense structure. Current operating expenses consist primarily of utilities, property taxes, insurance, landscaping, and professional management. Combined with excellent physical condition, an attractive residential setting, and a stable income stream, the property represents a turnkey investment opportunity well-suited for both private and exchange buyers seeking reliable cash flow in a high-demand Orange County rental market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,290,000

AD Id : 79963132

MLS Id : OC26119486

Lot Size : 10,223 Sqft

Living Area Size : 4,737

Year Built : 1977

Garage : 8

County : Orange

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Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1977 Building Area Total: 4,737
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2347
  • Lot Size Source: Public Records Lot Size Square Feet: 10223

  • Listing Price Information

    Original List Price: 2,290,000 Listing Contract Date: 2026-06-03
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 21510210

  • Garage and Parking

    Garage Description: Door-Single,Garage,Garage Door Opener,One Space

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 63 - Garden Grove S of Chapman, W of Euclid Directions: Lampson and Adelle St Source Property Type: Residential Income Area: 63 - Garden Grove S of Chapman, W of Euclid Property SubType: Apartment
  • Building and Construction

    Property Age: 49 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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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
9961 Aldgate, Garden Grove, CA, 92841 $980,000 4 2 1,400 1,400 SqFt
11192 Biscayne Court, Garden Grove, CA, 92841 $1,200,000 4 2 1,400 1,400 SqFt
9661 9671 Maureen Drive, Garden Grove, CA, 92841 $4,725,000 -- -- 8,329 8,329 SqFt
11642 Barclay, Garden Grove, CA, 92841 $999,888 3 2 1,371 1,371 SqFt
9551 9561 Maureen Drive, Garden Grove, CA, 92841 $5,150,000 -- -- 13,520 13,520 SqFt
9552 Dewey, Garden Grove, CA, 92841 $1,299,000 5 4 2,305 2,305 SqFt
12221 Peacock Court, Garden Grove, CA, 92841 $2,960,000 -- -- 6,018 6,018 SqFt
12012 Spencer, Garden Grove, CA, 92841 $898,000 4 2 1,879 1,879 SqFt
11222 Magnolia Street, Garden Grove, CA, 92841 $1,228,000 6 2 2,609 2,609 SqFt

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ByOwner last updated this listing 06/20/2026 @ 01:29

MLS: OC26119486 LISTED BY: Scott Gerard, Gerard Properties Inc. 714-964-9602 SOURCE: CRMLS

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