Property listed by Marcus & Millichap RE Invest, Tyler Leeson [email protected]
$2,145,000
13262 Verde Street is a 4-unit multifamily investment property located in Garden Grove, CA. Located in central Garden Grove, 13262 Verde Street is uniquely placed in-close proximity of an abundance of popular shops and restaurants situated along Garden Grove Boulevard as well as Garden Grove’s Historic Main Street and the… Read More GARDEN AMP. The property is positioned within a 4-mile radius of many of Orange County’s top destinations and major employment hubs including Bella Terra, Disneyland, the Anaheim Convention Center, Little Saigon, and The Outlets at Orange, providing convenient access to top regional amenities. Furthermore, 13262 Verde Street’s proximity to State Route 22 provides residents with convenient access throughout Southern California. Substantially renovated in 2024 & 2025, 13262 Verde Street offers an attractive mix of one, two, and three-bedroom units with high quality upgrades that set it apart from the competition. Upgrades include new quartz countertops, white shaker-style cabinets, modern appliances, recessed lighting, vinyl flooring, modern ceiling fans, fully updated bathrooms, and more. These upgrades have helped current ownership to lease all four units at premium, market-leading rental rates. In summary, 13262 Verde Street’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With all units filled at market-leading rents, 13262 Verde Street represents an attractive opportunity for a new owner seeking a stabilized asset in a highly desirable Garden Grove location. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.22 Acres
Year Built
1963
MLS Number
OC25252746
30 Days Snapshot Of 92844
$904k
+43%
(avg) sold price
6
-14%
homes sold
43
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 4,218, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, StreetLights, Sidewalks
Expenses
Electric expense: $1,971, Fuel expense: $1,971, Insurance expense: $4,200, Maintenance expense: $3,000, New taxes expense: $25,210, Operating expense: $44,320, Trash expense: $1,971, Water sewer expense: $1,971
Garage
5 spaces
Income
Gross income: $146,820, Net operating income: $98,095
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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