12221 Peacock Court, Garden Grove, California 92841, Garden Grove, 92841 - 0 bed, 0 bath
Loading property details...
Garden Grove, California 92841
Analysis of 12221 Peacock Court, Garden Grove, California 92841 is currently available with a list price of $2,960,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Garden Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1961, the property underwent comprehensive renovations in 2026 (less than 5 years ago) including updated kitchens with quartz-style counters and stainless appliances, new flooring, and scraped ceilings. The installation of brand-new dual-pane vinyl windows across all 10 units and the turnkey description indicate a mint condition asset with minimal immediate maintenance required.
The property offers a 25% immediate rental upside and verbal city approval for an 8-unit ADU structure, providing a clear path for substantial equity growth and increased density.
Features brand-new dual-pane vinyl windows throughout and three fully renovated units (2026) with updated kitchens and bathrooms, reducing immediate CAPEX requirements.
Situated on a prime corner lot in a high-demand rental submarket near the Outlets at Orange and the 22 Freeway, ensuring long-term tenant appeal and low vacancy rates.
The property was recently sold within the past year on 2026-02-23. The sold price is $2,310,000.00.
While three units are modernized, the remaining seven units likely require further interior updates to achieve maximum market rents and uniform property standards.
The proposed 8-unit ADU development utilizes the existing parking lot area, which may significantly impact parking availability and convenience for current and future residents.
Rare Investment Opportunity in Garden Grove! Situated on a prime corner lot in a low-density residential neighborhood, this 10-unit multifamily asset features exceptional curb appeal and a strong mix of studios and one-bedroom units. The property is in exceptional condition, boasting brand-new dual-pane vinyl windows across all units, with three units comprehensively renovated in 2026 to include new flooring, scraped ceilings, and updated kitchens and bathrooms. Investors will benefit from immediate stability alongside massive value-add potential, including an immediate 25% upside in current rental income. Additionally, the city has verbally approved the development of an 8-unit ADU structure within the current parking lot area, offering a clear path to adding significant value. Located in a highly desirable, high-demand rental submarket, tenants are just minutes away from popular local dining, shopping centers like the Outlets at Orange, and convenient commuter access to the 22 Freeway. Do not miss out on this turnkey Orange County asset with unmatched equity-building potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,018 | - |
| Lot Size | 11,326 | - |
| Price | $2.96M | $1.26M |
| Price per sq ft | $492 | $788 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 43 | 51 |
Jun 9, 2026
$2,960,000
Initial Listing
Feb 23, 2026
$2,310,000
Public Record