Garden Grove, CA 92841 12551 Adelle Street
$6,595,000
13 more
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
- MLS# OC25059073
- 03/18/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 24
Baths • 5
SQFT • 12,246
Garage • 6
Home Details
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.
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
Interior Features for 12551 Adelle Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, ElectricDryerHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level
General for 12551 Adelle Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
CityGarden Grove
Community FeaturesCurbs, Sidewalks, Urban
CountyOrange
DirectionsPlease use Google Maps
Electric Expense420.0
Electric On Property Y/NNo
Entry LocationGround
Expected Active Date 2025-03-20
Fuel Expense273.0
Garage Spaces6.0
Garage Y/NYes
Gross Income439080.0
HOANo
Home Warranty Y/NNo
Insurance Expense10246.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet26829.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income320132.0
New ConstructionNo
Number Of Units Total14
Number of Units Leased14
Open Parking Spaces4.0
Operating Expense105776.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1
Tenant PaysAllUtilities, SeeRemarks
Total Actual Rent36390.0
Trash Expense0.0
Water Sewer Expense0.0
Year Built1968
Year Built SourceAssessor
Exterior for 12551 Adelle Street
Building Area Total12246.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.6159
Lot Size Area26829.0
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters15
Number of Separate Gas Meters15
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking14.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate