Garden Grove Triplex Investment
12892 Adelle Garden Grove, CA 92841
For Sale
$1,500,000
Triplex in Garden Grove with strong income potential.
Property Size3,123 SF
Lot Size0.21 Acres
Price / SF$480.31
Days on Market97
Property Features for 12892 Adelle
General Information
Standard status
Active
Size
3,123 SF
Lot size
0.21 Acres
Property subtype
Investment
Building Details
Year Built
1956
Listing Agency:
(714) 292-6528
Listed By:
Benjamin Cheng
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Benjamin Cheng
Investment Insights
Based on property information with market context.
This Garden Grove triplex presents an income-producing investment opportunity. The property features three 2-bedroom, 1-bathroom units within a 3,123 square foot structure on a 9,214 square foot lot. There are six open parking spaces and two single-car garages available. Each unit has a separate address, as well as separate electric, gas, and water meters. The property is centrally located in the heart of Garden Grove, near freeways, schools, and shopping. The current rental income is $5552 per month. The location has a bike score of 61, indicating it is bikeable, a walk score of 68, indicating it is somewhat walkable, and a transit score of 32, indicating some transit options are available. Please do not disturb tenants.
Key Highlights
- Income‑producing triplex generating $5552 monthly rental income.
- Each unit has separate meters for electric, gas, and water.
- Centrally located in Garden Grove near freeways, schools, and shopping.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $25.20 |
| − Vacancy | −$4.1k | −$1.32 |
| EGI | $74.6k | $23.88 |
| − OpEx | −$22.4k | −$7.17 |
| NOI | $52.2k | $16.72 |
3,123 SF · lease $25.20/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$745.9K
$652.7K – $870.2K
NOI $52,214 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$667.8K
$584.4K – $779.1K
NOI $46,748 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$977.4K
$855.2K – $1.14M
NOI $68,416 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in Garden Grove with strong income potential.
Where is this triplex located?
The property is located at 12892 Adelle Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Income‑producing triplex generating $5552 monthly rental income.; Each unit has separate meters for electric, gas, and water.; Centrally located in Garden Grove near freeways, schools, and shopping.
