Property Detail

Description

Prime 10-Unit Multifamily Investment Opportunity in the Heart of Garden Grove. 12891/12865/12861 Shackelford Lane, Garden Grove, CA 92841. Presenting 12891 Shackelford Lane, a highly desirable 8 unit apartment building and a 2 unit building situated in a strong rental pocket of Garden Grove, California. Positioned on a spacious 0.53-acre lot, this well-maintained 8,305 sq. ft. property (built in 1961) represents a rare and lucrative opportunity for investors seeking a stable asset with strong rental upside in Central Orange County. The property boasts a highly attractive and strategic unit mix designed to appeal to a wide tenant base and encourage long-term occupancy: Five 1-Bedroom / 1-Bathroom Units, three 2-Bedroom / 1-Bathroom Units, with two additional units just behind the parking lot that consist of two 2-Bedroom / 2-Bathroom units with attached two car garage. Some of the units have been updated with newer countertops, flooring, vanities, with a new kitchen, featured in the photos. Residents enjoy access to a community courtyard, an on-site laundry facility, and ample parking, including highly coveted detached one car garages. The spacious duplex/townhome units offer the added convenience of private in-unit washer and dryer hookups and an attached two car garage with a driveway. Situated in an R-3 (Multiple-Family Residential) zone, optimizing the lot's current and future density use. Centrally located west of the I-5 freeway, the property offers rapid access to the SR-22 and I-405 freeways, making commutes to Anaheim, Irvine, and the coastal cities a breeze. Whether you are looking to expand your existing Orange County multifamily portfolio or searching for a robust 1031 exchange property, 12891 Shackelford Lane offers the perfect blend of immediate stability and long-term value. Contact us today for more details.