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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, a new water heater installed in 2025 and new electric panels installed in all units and the laundry room to satisfy insurance 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 : ResidentialIncome

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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Feature Features

  • Building Information

    Year Built: 1977
    Building Area Total: 4737
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 10223 Lot Size Acres: 0.2347 Lot Size Source: Public Records Lot Size Square Feet: 10,223 Lot Description: 0-1 Unit/Acre

    Property Information

    Subdivision: Other Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 49

  • Listing Price Information

    Listing Price: $2290000
    Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Submit

  • Tax Information

    Parcel Number: 21510210 Tax Lot: 7

  • Parking Information

    Parking Total: 8 Door-Single, Garage, Garage Door Opener, One Space

    Garage Information

    Has Garage: Yes Garage Space: 8

  • Location Information

    Direction: Lampson and Adelle St WaterSource: Public
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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 --
12221 Peacock Court, Garden Grove, CA, 92841 $2,960,000 -- -- 6,018 6,018 SqFt
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

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 11:29

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

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