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Apartment at 13392 Magnolia
$5,900,000
13392 Magnolia
Garden Grove, Orange, 92844
Apartment
Active · 63 days on market

Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type
Apartment
Bedrooms
15
Building size
14,882 sqft
Lot size
27,443 sqft
Year built
1951
Stories
2
Garage spaces
9
Pool
None
Status
Active
Days on market
63
MLS #
245482591

About this property

13392 Magnolia Street is a 15-unit multifamily property in Garden Grove, California, offering a unique mix of apartments, townhomes, and single-family residences. The property underwent extensive capital improvements in 2022, including full renovations throughout the property and the addition of three newly constructed ADUs. The current unit mix includes five two-bedroom, one-bathroom apartments, eight two-bedroom, one-and-a-half-bathroom townhomes, one three-bedroom, two-bathroom home, and one four-bedroom, two-bathroom home, creating a variety of housing options that appeal to a broad tenant base. The original units have been renovated with dual-pane windows, granite countertops, shaker-style cabinetry, recessed lighting, vinyl plank flooring, stainless steel appliances, ceiling fans, and updated fixtures. The three ADUs were built with modern finishes, including quartz countertops, upgraded bathroom vanities, and mini split or central air conditioning. Additional amenities include a large shared courtyard, private patios or yards for select units, on-site laundry, and garage, tuck-under, and surface parking. The property is centrally located near many of Garden Grove's most popular retail and dining destinations, including Hanmi Plaza, the H Mart shopping center, and Little Saigon. Residents also benefit from nearby parks, schools, and convenient access to State Route 22, making travel throughout Orange and Los Angeles Counties easy. With its completed renovations, diverse unit mix, and desirable location, 13392 Magnolia Street presents a strong investment opportunity in one of Orange County's established rental markets.

Location

13392 Magnolia

Garden Grove, Orange, CA, 92844

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

13392 Magnolia, Garden Grove CA | Multifamily for Sale