$6,595,000

12551 Adelle St Garden Grove, CA 92841

Estimated payment $41,732/month

Total Views 11,429
6 Beds
5 Baths
12,246 Sq Ft
$539 Price per Sq Ft

Highlights

  • No Units Above
  • 0.62 Acre Lot
  • 1-Story Property
  • Alamitos Intermediate School Rated A-
  • Laundry Room

About This Home

Located in the heart of Orange County, 12551 Adelle Street in Garden Grove is a fully renovated, 14-unit multifamily property. Each unit features new kitchens, bathrooms, flooring, electrical, plumbing, central AC, and washer/dryer hookups. With two newly constructed ADUs already in place and the potential to add even more in the future, this turnkey investment offers both immediate income and significant upside in a rent-control–free market.

Listing Agent

Patrick Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 03/20/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.62 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 6 Car Garage
  • 4 Carport Spaces

Home Design

  • Apartment

Interior Spaces

  • 12,246 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 21509101

Community Details

Overview

  • 7 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Fuel Expense $273
  • Insurance Expense $10,246
  • Operating Expense $105,776
  • Gross Income $439,080
  • Net Operating Income $320,132

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 471071
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 21509101
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Ground
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 538.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 26829.00
  • Lot Size Acres: 0.6159

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 420.00
  • Fuel Expense: 273.00
  • Gross Income: 439080.00
  • Gross Operating Income: 425908.00
  • Gross Scheduled Income: 439080.00
  • Insurance Expense: 10246.00
  • Lot Size Area: 26829.0000 Square Feet
  • Net Operating Income: 320132.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 105776.00
  • Rent Control: No
  • Total Actual Rent: 36390.00
  • Total Expenses: 105776.00
  • Vacancy Allowance: 13172

Tax Info

  • Tax Census Tract: 881.07
  • Tax Lot: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 For Sale $6,595,000 -- $539 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25059073

California Regional Multiple Listing Service (CRMLS)

APN: 215-091-01

California Orange County Garden Grove 92841

12551 Adelle St, Garden Grove, CA

This home is located at 12551 Adelle St, Garden Grove, CA 92841 and is currently priced at $6,595,000, approximately $538 per square foot. This property was built in 1968. 12551 Adelle St is a home located in Orange County with nearby schools including Lawrence Elementary School, Alamitos Intermediate School, and Rancho Alamitos High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Patrick Swanson
Listing Agent
Patrick Swanson
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Pat Swanson
(657) 329-7157