Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    9

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.63

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $6,650,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    0605

  • Water Source

    Public

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Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Tyler Leeson , Marcus & Millichap RE Invest

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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.

13392 Magnolia Street

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Located in the heart of Orange County, 12551 Adelle Street in Garden Grove is a fully renovated, 14-unit multifamily property. Each unit features new kitchens, bathrooms, flooring, electrical, plumbing, central AC, and washer/dryer hookups. With two newly constructed ADUs already in place and the potential to add even more in the future, this turnkey investment offers both immediate income and significant upside in a rent-control–free market.
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