13252 Verde St - Apartments FOR SALE


Garden Grove, CA 92844
$1,800,000 USD
949-584-0503
13252 Verde St, Garden Grove, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/8
null | 3.03% Cap Rate

13252 Verde St
Garden Grove, CA 92844


HIGHLIGHTS

  • Desirable Unit Mix - 2 & 3-Bedrooms
  • (5) Garages
  • Motivated Seller
  • Corner Lot
  • W/D Hookups, Patios, Deck, Fireplaces
  • Minutes to 22 Freeway and Many Retailers

OVERVIEW

13252 Verde Street offers an opportunity to acquire a well-positioned four-unit multifamily property in Garden Grove. Built in 1961, the property consists of approximately 4,061 square feet situated on a 10,077- square-foot lot. The unit mix features three 2-bedroom residences and one 3-bedroom residence, providing larger floor plans that appeal to a broad tenant base. The property also includes five garages, onsite laundry, patio, and deck areas, enhancing convenience and livability for residents. Current scheduled gross income totals $99,180 annually, with Year 1 projected rents supporting approximately $108,007 in annual income. With an established income stream and potential for additional rental growth, 13252 Verde Street presents investors with an attractive value-add opportunity in the Garden Grove multifamily market.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

3.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,077 SF

ZONING

-

APN/PARCEL ID

098-212-42

ASK ABOUT THIS PROPERTY

Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

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Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.