Homes for sale - 13392 Magnolia ST, Garden Grove, CA 92844

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James Olvera

The Warburton Team

james@olverarealty.net +1(909) 760-9091

$ 6,650,000

Est. payment | -/mo

0.63 Acres Lot

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$ 6,650,000

Est. payment | -/mo

Save

0.63 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25214241

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 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

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 Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 09802365

Energy Description 5124.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com

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