13392 Magnolia Street, Garden Grove, CA 92844
  • MLS#: OC25214241 ( Apartment )
  • Street Address: 13392 Magnolia Street
  • Viewed: 6
  • Price: $6,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 45
  • Additional Information
  • County: ORANGE
  • City: Garden Grove
  • Zipcode: 92844
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    13392 Magnolia Street is a 15 unit multifamily community located in Garden Grove, California. Originally comprised of 11 apartments and a single family home, the property was thoughtfully expanded in 2022 with the addition of three brand new accessory dwelling units (ADU). Today, the community features a highly desirable and diverse mix of five two bedroom/one bath apartments, eight two bedroom/one and a half bath townhomes, one three bedroom/two bath home, and one four bedroom/two bath home. Residents enjoy a variety of amenities including a spacious courtyard, nine units with private patios, two units with private yards, an on site laundry facility, and a combination of garage, tuck under, and surface parking options. The communitys original units have been extensively renovated with dual pane windows, ceiling fans, recessed lighting, granite countertops, shaker style cabinets, stainless steel appliances, vinyl flooring, and more. The newly constructed ADUs further elevate the property with high quality finishes such as quartz countertops, modern bathroom vanities, and efficient mini split or central air conditioning systems, offering a modern and attractive living environment. 13392 Magnolia Street benefits from its prime Garden Grove location. To the northeast, tenants enjoy convenient access to Hanmi Plaza, while the H Mart anchored retail center at Garden Grove Boulevard and Magnolia Street provides everyday shopping and dining options just minutes away. To the south, the property is positioned near the vibrant cultural hub of Little Saigon, offering a rich mix of restaurants, retail, and community amenities. Families are supported by proximity to Bolsa Grande High School, while outdoor recreation is available nearby at Garden Grove Park. Furthermore, the property offers excellent regional connectivity with direct access to State Route 22, linking residents to employment and entertainment hubs throughout Orange and Los Angeles Counties. This offering presents investors with the opportunity to acquire a well located, fully improved multifamily community in the heart of Garden Grove.
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Features
Additional Parcels Description
  1. 098-023-66
Association Fee
  1. 0.00
Building Area Total
  1. 14879.00
Carport Spaces
  1. 1.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 5125.00
Entry Location
  1. First level
Fuel Expense
  1. 5124.00
Garage Spaces
  1. 9.00
Insurance Expense
  1. 12000.00
Laundry Features
  1. Common Area
Lot Features
  1. Level with Street
Netoperatingincome
  1. 335073.00
Newtaxesexpense
  1. 78247.00
Number Of Separate Electric Meters
  1. 15
Number Of Separate Gas Meters
  1. 15
Otherincome1
  1. 10146.00
Parcel Number
  1. 09802365
Pool Features
  1. None
Professionalmanagementexpense
  1. 18358.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446944972:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 154475.00
Trash Expense
  1. 5124.00
Uncovered Spaces
  1. 18.00
Vacancyallowance
  1. 14827
Water Sewer Expense
  1. 5124.00
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Assessor