12-Unit Apartment
12922 Shackelford, Garden Grove, CA 92841
For Sale
$3,400,000
Two adjacent apartment buildings with upgraded electrical systems, individual utility metering, garages, surface parking, and on-site laundry.
Property Size7,530 SF
Days on Market56
Property Features for 12922 Shackelford
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Real Brokerage Technologies, Inc.
Listed By:
Phuong Vu · License #02105019
(310) 480-7779
Source:
Elliman
Added: Sep 15
Changed: Oct 30
Last Checked: Nov 8 at 5:28AM
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 Real Brokerage Technologies, Inc.
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Investment Insights
Based on property information with market context.
This Garden Grove multifamily offering includes two adjacent apartment buildings with six units each, for a combined 12 units. Each building contains one 2-bedroom/1-bathroom residence and five 1-bedroom/1-bathroom residences. The properties were built in 1958 and feature newly painted exteriors, new outdoor stairs, and upgraded circuit breakers throughout the units.
Parking includes four 2-car garages and 12 surface spaces. Each residence is separately metered for gas and electricity, while an on-site coin-operated laundry facility provides an additional property feature. Tenants are currently in place. The properties are in a somewhat walkable area with a Walk Score of 61, a Bike Score of 43, and a Transit Score of 34, with schools, supermarkets, and daily amenities described as minutes away.
Parking includes four 2-car garages and 12 surface spaces. Each residence is separately metered for gas and electricity, while an on-site coin-operated laundry facility provides an additional property feature. Tenants are currently in place. The properties are in a somewhat walkable area with a Walk Score of 61, a Bike Score of 43, and a Transit Score of 34, with schools, supermarkets, and daily amenities described as minutes away.
Key Highlights
- Two adjacent 6‑unit apartment buildings offered together as a 12‑unit portfolio
- Unit mix includes two 2‑bedroom/1‑bathroom units and ten 1‑bedroom/1‑bathroom units
- Four 2‑car garages plus 12 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,715
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,300
$2.3M
Cap Rate 7%
$1,610,214
$1.6M
Cap Rate 9%
$1,252,389
$1.3M
Market Conditions
NOI Build-Up for 7,530 SF
Gross rent
$216.9K $28.80/SF
− Vacancy
−$11.9K −$1.58/SF
EGI
$204.9K $27.22/SF
− OpEx
−$92.2K −$12.25/SF
NOI
$112.7K $14.97/SF
Area
Garden Grove, CA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,300
Cap Rate 7%
$1,610,214
Cap Rate 9%
$1,252,389
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,715 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,961 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
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Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Orange County, CA
Properties on Market for Apartment buildings in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent apartment buildings with upgraded electrical systems, individual utility metering, garages, surface parking, and on-site laundry.
Where is this apartment building located?
The property is located at 12922 Shackelford Garden Grove, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two adjacent 6‑unit apartment buildings offered together as a 12‑unit portfolio; Unit mix includes two 2‑bedroom/1‑bathroom units and ten 1‑bedroom/1‑bathroom units; Four 2‑car garages plus 12 surface parking spaces
