2 days on Rocket
$6,757 Closing Credit¹
#SR25122609, Maria Vasquez Aguinaldo, Listing office: Keller Williams Luxury
#OC25112645·
Listing office: Advance Estate Realty·
Listing agent: Long Nguyen·
Listing office phone: 714-933-5686
$5,250,000 List price
10622 Tibbs Cir Garden Grove, CA 92840
0.5 acres
Condo
Property details
About 10622 Tibbs Cir
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.
Highlights
Home typeCondominium
HeatingDuctless
StatusActive
CoolingDuctless
Lot size0.45 Acres
Year built1960
ParkingAssigned, Door-Multi, Garage, Garage Faces Rear
MLS #OC25112645
Garage16 spaces
Summary
- Appliances: Gas Range, Gas Water Heater, Range Hood, Water Heater
- Flooring Type: Laminate, Tile, Vinyl
- Interior: Quartz Counters
- Fireplace: None
- Garage Space: 16 spaces
- Private Pool: No
- Parking: Assigned, Door-Multi, Garage, Garage Faces Rear
- Heating: Ductless
- Cooling: Ductless
- List Price: $5,250,000
- HOA Amount: $0
- Annual Tax Amount: $32,997
- Tax Year: 2024
- Lot: Sprinklers In Front, Sprinklers
- Directions: Katella & Euclid
- Year Built: 1960
- Stories: 2
- Lot Size: 0.45 Acres
- MLS Number: OC25112645
- MLS Name: CRMLS
- Office Name: Advance Estate Realty
- Office Phone: (714) 933-5686
- Listing Agent: Long Nguyen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 6:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,250,000
10622 Tibbs Cir
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 30, 2012 | Home Sold | $1,970,000 |
| Apr 17, 2007 | Home Sold | $2,290,000 |
| Feb 02, 1999 | Home Sold | $430,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,425,909 | $32,997 |
| 2023 | $2,378,343 | $32,348 |
| 2022 | $2,331,709 | $31,835 |
| 2021 | $2,285,990 | $31,517 |
| 2020 | $2,262,550 | $31,165 |
| 2019 | $2,218,187 | $29,973 |
| 2018 | $2,174,694 | $29,973 |
| 2017 | $2,132,053 | $29,569 |
History based on county public records data.
Nearby schools
7
Linton T. Simmons Elementary School
Public District KG-6
0.6 mi
•11602 Steele Dr
4
Madison Elementary School
Public District KG-6
0.6 mi
•1510 S Nutwood St
7
Faylane Elementary School
Public District KG-6
0.7 mi
•11731 Morrie Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,361. Residents of Garden Grove, CA typically earn between $35k-100k each year. The most common type of family is married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
42%
<35k
46%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
29%
Single, No Kids
18%
Single, with Kids
17%
Married, No Kids
36%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
11%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Burlington
Where do the neighbors go to eat?
Jack In The Box
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 10622 Tibbs Cir
The listing price of 10622 Tibbs Cir property is $5,250,000.
The property 10622 Tibbs Cir is a condo located in Garden Grove, California, 92840.
Active Listing: 10622 Tibbs Cir is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 10622 Tibbs Cir are: Linton T. Simmons Elementary School (GreatSchools Rating 7/10), Madison Elementary School (GreatSchools Rating 4/10), Faylane Elementary School (GreatSchools Rating 7/10), Louis Lake Intermediate School (GreatSchools Rating 8/10), Ball Junior High School (GreatSchools Rating 3/10), Dr. Walter C. Ralston Intermediate School (GreatSchools Rating 7/10), Loara High School (GreatSchools Rating 5/10), Cambridge Virtual Academy at Polaris (GreatSchools Rating 3/10), Magnolia High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $32,997 (source: MLS/based on county public records data).
The last sale was on April 30, 2012 for $1,970,000 (source: MLS/tax record).
The property at 10622 Tibbs Cir has 0 bathroom.
The year of construction for 10622 Tibbs Cir is 1960.
This home is located at 10622 Tibbs Cir in Garden Grove, CA and zip code 92840. Features: 0 bathroom. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $5,250,000.
In May 2025 more than 33 listings in Garden Grove, CA were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 11 were sold below. In May 2025 in Garden Grove, CA there were 4.1% more homes for sale than in April. Listings spent 18 days on the market in May 2025, and had a median list price of $945,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.