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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 6,650,000
Est. payment | /mo
14,879 SqFt
$ 6,650,000
Est. payment | /mo
14,879 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 14,879 sqft
Price per Sqft $446
MLS Listing ID OC-25214241
Year Built 1951
Lot Size 0.630 Acres
Property Sub-Type Apartment
Property 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 community's 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.
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Interior
Laundry Common Area
Exterior
Garage Spaces 9.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Level with Street
Sewer Public Sewer