$10,000 Closing Credit¹
#OC25080094, Ruben Khorsandi, Listing office: Alliance Investment RE Group
#SB25122939·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Keaton Quaack·
Listing office phone: 562-743-8204
$3,300,000 List price
12905 Palm St Garden Grove, CA 92840
0.3 acres
Condo
Property details
About 12905 Palm St
We are pleased to exclusively offer for sale this 12 Unit Multi-Family investment located in the strong rental market of Garden Grove. This offering is comprised of (2) adjacent parcels totaling 14,693 square feet positioned next to both the 22 and 5 freeways providing access to the entirety of Orange County and the entertainment and employment opportunities therein. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (12) 1 Bed/1 Bath units. Further, the property been meticulously taken care of with many of the major electric and plumbing systems upgraded. Furthermore, the property offers ample parking with multiple carport and designated spaces. As it stands, the offering presents strong day one income with a current CAP Rate of 5.60% as well as a GRM of 11.65 and future upside with a pro forma CAP Rate of 7.03% and GRM of 9.92. Along these lines, the property features onsite washers and dryers bringing in extra $333 a month providing investors with a healthy stream of additional cash flow subject to occupancy. Investors also have the unique opportunity to capitalize on the adjacent lots to build ADUs and generate additional income upon acquisition. All in all, the building’s close proximity to Orange County’s top destinations and major employment hubs including Disneyland, the Anaheim Convention Center, Angel Stadium, and the Honda Center further drives future rental demand. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
Highlights
Home typeCondominium
StatusActive
Lot size0.3373 Acres
Year built1959
ParkingAssigned, Covered, Carport, Detached Carport, Driveway Level, Driveway, On Site, Off Street, Paved, Private, One Space, Side By Side
MLS #SB25122939
ViewOther, Hills, Neighborhood
Summary
- Appliances: Stove, Freezer, Gas Oven, Refrigerator
- Flooring Type: Laminate, Tile, Wood
- Interior: Granite Counters, Laminate Counters
- Fireplace: None
- Private Pool: No
- Parking: Assigned, Covered, Carport, Detached Carport, Driveway Level, Driveway, On Site, Off Street, Paved, Private, One Space, Side By Side
- View: Other, Hills, Neighborhood
- List Price: $3,300,000
- Annual Tax Amount: $19,660
- Tax Year: 2024
- Lot: Lawn, Paved, Rectangular Lot, Sprinklers
- Directions: North of Garden Grove Blvd. On the Corner of Palm St and El Rey Pl
- Year Built: 1959
- Stories: 2
- Lot Size: 0.3373 Acres
- MLS Number: SB25122939
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (562) 743-8204
- Listing Agent: Keaton Quaack
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, 7:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,300,000
12905 Palm St
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 11, 2004 | Home Sold | $1,350,000 |
| Jul 21, 1989 | Home Sold | $705,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,352,092 | $19,660 |
| 2023 | $1,325,581 | $19,271 |
| 2022 | $1,299,590 | $18,833 |
| 2021 | $1,274,108 | $18,578 |
| 2020 | $1,261,044 | $18,359 |
| 2019 | $1,236,318 | $17,727 |
| 2018 | $1,212,077 | $17,727 |
| 2017 | $1,188,311 | $17,541 |
History based on county public records data.
Nearby schools
5
Dwight D. Eisenhower Elementary School
Public District KG-6
0.5 mi
•13221 Lilly St
4
C. C. Violette Elementary School
Public District KG-6
0.6 mi
•12091 Lampson Ave
6
Clinton-Mendenhall Elementary School
Public District KG-6
0.8 mi
•13641 Clinton St
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 $57,713. Most Garden Grove, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
38%
<35k
44%
35k-100k
18%
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?
41%
Single, No Kids
10%
Single, with Kids
27%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
37%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Popeyes
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
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 12905 Palm St
The listing price of 12905 Palm St property is $3,300,000.
The property 12905 Palm St is a condo located in Garden Grove, California, 92840.
Active Listing: 12905 Palm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12905 Palm St are: Dwight D. Eisenhower Elementary School (GreatSchools Rating 5/10), C. C. Violette Elementary School (GreatSchools Rating 4/10), Clinton-Mendenhall Elementary School (GreatSchools Rating 6/10), Izaak Walton Intermediate School (GreatSchools Rating 7/10), Leroy L. Doig Intermediate School (GreatSchools Rating 6/10), Dr. Walter C. Ralston Intermediate School (GreatSchools Rating 7/10), Santiago High School (GreatSchools Rating 7/10), Samueli Academy (GreatSchools Rating 6/10), Garden Grove High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $19,660 (source: MLS/based on county public records data).
The last sale was on June 11, 2004 for $1,350,000 (source: MLS/tax record).
The property at 12905 Palm St has 0 bathroom.
The year of construction for 12905 Palm St is 1959.
This home is located at 12905 Palm St in Garden Grove, CA and zip code 92840. Features: 0 bathroom. It has been listed on Rocket Homes since June 2, 2025 and is currently priced at $3,300,000.
Over 33 listings were sold over their listed price in May 2025 in Garden Grove, CA. In the same period over 11 listings were sold below the listed price and 10 listings were sold for the listed price. Between April and May 2025, Garden Grove, CA real estate market has seen increase in the number of listings by 4.1%. In May 2025 median list price was $945,000 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.