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Plaza Peacock 12221 Peacock Ct 10 Unit Apartment Building $4,131,479 CAD ($413,148 CAD/Unit) 5.30% Cap Rate Garden Grove, CA 92841
Investment Highlights
- 5.3% Cap rate on Current Rents
- Potential to Building up to 8 ADUs
- 25% Rental Upside
- Strong Curb Appeal, Cashflow, and Value Add Opportunity
Executive Summary
Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!
Property Facts
| Price | $4,131,479 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $413,148 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.30% | Building Size | 6,018 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.93 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $4,131,479 CAD |
| Price Per Unit | $413,148 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.93 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,018 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R-3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 133-102-49 | Improvements Assessment | $1,351,361 CAD |
| Land Assessment | $1,561,759 CAD | Total Assessment | $2,913,120 CAD |
Property Taxes
Parcel Number
133-102-49
Land Assessment
$1,561,759 CAD
Improvements Assessment
$1,351,361 CAD
Total Assessment
$2,913,120 CAD
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Plaza Peacock | 12221 Peacock Ct
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