13392 Magnolia
Garden Grove, CA, 92844 $ 6,350,000
Baths2.0 Sq 14,882 Monthly Estimate*
$ 40,095
Listed by Seven Gables Real Estate
Studio for $6,350,000 with 2 full baths. This 14,882 square foot home was built in 1951 on a lot size of 0.63.
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.
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FeaturesGeneralSewer Public Sewer
Garage Spaces 9
Pool Features None
Year Built 1951
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 492058
Community Features Curbs Gutter(s) Sidewalks
Additional Parcels Description 098-023-66
County Orange
Net Operating Income 348519
Operating Expense 140135
Insurance Expense 11039
New Construction false
Property Type Residential Income
MaintenanceExpense 9442
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Magnolia Street and Trask Avenue
City Garden Grove
Entry Location Ground Level
Senior Community Y/N false
Open Parking Spaces 18
Number Of Units Total 15
MLS Area 63 - Garden Grove S of Chapman W of Euclid
Lot Size Units Square Feet
Lot Size Square Feet 27443
Carport Spaces 1
Carport Y/N true
Listing Terms 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1218
Fuel Expense 135
Trash Expense 9616
Water Sewer Expense 7257
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 0605
Property Sub Type Additional Apartment
Taxes 74632
Cap Rate 5.49
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorLot Features 11-15 Units/Acre
Water Source Public
Total Parking 28
Lot Size Area 27443
Number of Buildings 6
Building Area Total 14882
Lot Size Acres 0.63
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 15
Number of Separate Electric Meters 15
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* Excluded FeaturesList BySeven Gables Real EstateBroker
johnclydeallen@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $40,095
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Garden Grove, CA
Average List Price $2,481,140
Percent of Sale Price 61%
About Garden Grove, CA 176,492 Population
5% Since 2002
$ 61,049 Median Income
37.3 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/3/2026 | $6,350,000 | | Listed Price |