12905 Palm Street, Garden Grove, CA 92840 (MLS # RS26081589)
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RARE 12-UNIT DUAL-PARCEL INCOME OPPORTUNITY | GARDEN GROVE. Seize a once-in-a-cycle opportunity to acquire a 12-unit, dual-parcel income-generating portfolio in the heart of Orange County. 12905 & 12921 Palm Street are being offered together, delivering a strong and stable residential income stream in one of the region's most resilient investment corridors. Located in the established rental market of Garden Grove, the property features twelve (12) well-positioned units, each configured as 1-bedroom, 1-bathroom apartments, ideal for consistent tenant demand and long-term occupancy stability. The asset is currently producing a combined annual gross income of approximately $287,880, offering investors immediate cash flow with potential for future upside. This opportunity is perfectly suited for 1031 exchange buyers seeking a time-sensitive, exchange-ready asset (seller has documented exchange intent and an SXA on file). Investors looking to secure a stabilized multi-unit property with high in-place income. Buyers seeking long-term appreciation in a high-demand Orange County rental market. The dual-APN structure enhances flexibility for portfolio diversification, financing strategies, or future repositioning. A flexible close-of-escrow timeline provides added convenience for exchange buyers, while a buyer-friendly concession approach creates an attractive entry point. With consistent rental demand, limited comparable inventory, and proven income performance, this property represents a rare chance to secure a high-yield, multi-unit investment in a prime location. Opportunities like this are rarely available: 12 units, dual parcels, and high income in one offering. Contact the listing agent for full financials, rent roll, and parcel breakdown.
| DAYS ON MARKET | 7 | LAST UPDATED | 4/15/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1959 |
| COMMUNITY | 62 - Garden Grove N of Chapman, W of Euclid | GARAGE SPACES | 1.0 |
| COUNTY | Orange | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven |
| AREA | 62 - Garden Grove N of Chapman, W of Euclid |
| CONSTRUCTION | Block, Frame |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 0.3379 acre(s) |
| LOT DIMENSIONS | 14721 |
| PARKING | Assigned, Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Modern |
| SUBDIVISION | None |
| UTILITIES | Sewer Connected, See Remarks, Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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