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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$6,350,000

Est. payment - /mo

0.63 Acres Lot

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26166327

HOA Y/N No

Year Built 1951

Lot Size 0.630 Acres

Property Sub-Type Apartment

Property Description

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

State CA

County Orange

Area 63 - Garden Grove S Of Chapman, W Of Euclid

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 9.0

Carport Spaces 1

Garage Description 9.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 28

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 09802365

Energy Description 135.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by John Allen Seven Gables Real Estate 714-651-9706, DRE #01939546

NEARBY SCHOOL & BUSINESS

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13392 Magnolia Garden Grove, CA 92844