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$5,250,000

  • For Sale
  • Active
  • Multi-Family
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Turnkey 17-Unit Apartment Investment in Prime Garden Grove Welcome to 10622 Tibbs Circle, a rare opportunity to acquire a well-maintained 16 + 1 unit apartment complex located in a quiet cul-de-sac in the heart of Garden Grove. This property has been thoughtfully cared for by long-term ownership, with an average of over $30,000 spent annually on capital improvements over the past 5+ years. Major upgrades include a full copper repipe of the entire building and a complete roof replacement completed in 2012-providing peace of mind and reducing future maintenance costs for the next investor. The apartment offers a desirable mix of one-bedroom and two-bedroom units, many of which have been updated. Residents enjoy the convenience of ample on-site parking, shared laundry facilities, and a spacious central courtyard that fosters a sense of community. Current rents remain below market, presenting a significant value-add opportunity for the next owner through rent increases or further interior renovations. Ideally situated near Little Saigon, top-rated schools, shopping centers, and major freeways including the 22, 5, and 405, the location ensures high tenant demand and long-term rental stability. With its strong in-place income, solid physical condition, and potential for growth, 10622 Tibbs Circle is an ideal fit for investors seeking a stabilized asset with upside in one of Orange County's most sought-after rental markets.

Full Property Details for 10622 Tibbs Cir

General

  • Price: $5,250,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25112645
  • Updated: 12/24/2025
  • Days on Market: 241 days
  • Added to Site: 241 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room
  • Interior Features: Quartz Counters
  • Fireplace(s): None
  • Appliances: Gas Range, Gas Water Heater, Range Hood, Water Heater
  • Flooring: Laminate, Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: Community
  • Spa Description: None

Parking

  • Garage Spaces: 16
  • Parking Features: Assigned, Garage Faces Rear, Garage (Two Doors)
  • Parking: Assigned, Garage Faces Rear, Garage (Two Doors)

Location

  • Area: 62 - Garden Grove N of Chapman, W of Euclid
  • County: Orange
  • Development Name: 62 - Garden Grove N of Chapman, W of Euclid
  • Driving Directions: Katella & Euclid

Heating & Cooling

  • Cooling Type: Ductless
  • Heating Type: Ductless

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 16

Structural Information

  • Roof: Rolled/Hot Mop
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4
  • Year Built: 1960

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 11

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 12

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.45
  • Lot Size (Sq. Ft.): 19,602
  • Lot Size Source: Assessor
  • Lot Description: Sprinkler System, Sprinklers in Front

Financial Considerations

  • Price Per Unit: 308824

Listed by Advance Estate Realty, Long Nguyen and Advance Estate Realty, Hang-Ny Nguyen

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Listing agents

— 10622 Tibbs Cir —

  • Long Nguyen

    Advance Estate Realty

  • Hang-Ny Nguyen

    Advance Estate Realty

714-933-5686

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 10622 Tibbs Cir

School District:Garden Grove Unified School District
NameGradesDistance
Faylane Elementary School
11731 Morrie Lane, Garden Grove, CA 92840
K-60.7 mi
Louis Lake Intermediate School
10801 Orangewood Avenue, Garden Grove, CA 92840
7-80.4 mi
Rancho Alamitos High School
11351 Dale Street, Garden Grove, CA 92841
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 10622 Tibbs Cir Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2025
Listed
$5,250,000
166.5%
MLS
3/20/2012
Sold
$1,970,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 10622 Tibbs Cir

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,817
2%
$2,474,427
2%
2024
$32,998
2%
$2,425,909
2%
2023
$32,348
2%
$2,378,343
2%
2022
$31,835
1%
$2,331,709
2%
2021
$31,518
1%
$2,285,990
1%
2020
$31,165
2%
$2,262,550
2%
2019
$30,457
2%
$2,218,187
2%
2018
$29,974
1%
$2,174,694
2%
2017
$29,569
5%
$2,132,053
2%
2016
$28,190
1%
$2,090,249
2%
2015
$27,836
3%
$2,058,852
2%
2014
$26,923
1%
$2,018,522
—
2013
$26,641
—
$2,009,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 10622 Tibbs Cir

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Advance Estate Realty, Long Nguyen and Advance Estate Realty, Hang-Ny Nguyen

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10622 Tibbs Circle, Garden Grove, CA 92840 (MLS# OC25112645) is a Multi-Family property with 17 units containing 0 bedrooms and 0 full bathrooms. 10622 Tibbs Circle is currently listed for $5,250,000 and was received on May 21, 2025. Want to learn more about 10622 Tibbs Circle? Do you have questions about finding other Multi-Family real estate for sale in Garden Grove? You can browse all Garden Grove real estate or contact a Coldwell Banker agent to request more information.

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