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13392 Magnolia St
Garden Grove, CA 92844 Garden Grove

$6,650,000 USD

Apartments For Sale  •  14,879 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,879 SF
  • Lot Size 0.63 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 5.04 %
31 Transit Score
59 Walk Score

Highlights

Modern Renovations & New Construction: All original units have been renovated with high-quality, modern living options
Diverse & Functional Unit Mix: 15 total units, (5) 2 bed/1 bath flats, (8) 2 bed/1.5 bath townhomes, (1) 3 bed/2 bath home, & (1) 4 bed/2 bath home.
Attractive Community Amenities: Spacious courtyard, private patios or private yards, on-site laundry, & multiple parking options.
Turnkey Investment Opportunity: The property offers a stabilized & fully improved investment with durable long-term demand.
Retail Convenience Nearby: Immediate access to the H Mart anchored retail center as well as Hanmi Plaza.
Educational & Recreational Access: Families benefit from nearby Bolsa Grande High School & Garden Grove Park.

Financial Summary (Actual)

Net Operating Income: $335,072 USD (2025)
Cap Rate: 5.04 %
Total Expenses: $154,475 USD

Amenities

  • Courtyard
  • Laundry Facilities
  • Washer/Dryer
  • Ceiling Fans
  • Stainless Steel Appliances
  • Yard
  • Vinyl Flooring
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Anaheim (Pacific Surfliner - Amtrak) 13 min - 8.3 mi
Anaheim-Artic Metrolink Station (Metrolink Orange County Line - Metrolink Trains) 13 min - 8.5 mi
AirportDriveWalkDistance
John Wayne/Orange County 17 min - 10.9 mi
Long Beach (Daugherty Field) 18 min - 13.8 mi
Los Angeles International 41 min - 32.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap