Drive-by ONLY. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a value-add multi-family investment opportunity located at 13051 Monroe Street in the city of Garden Grove, California. Property consists of four (4) units offering 5,056 square feet of living space situated on a 10,048 square foot lot. Built in 1978, the property is comprised of 2 – 3 bedroom/2.5 bathroom units and 2 – 2 bedroom/2 bathroom units. The 3 bedroom units both have private 2 car garages while the 2 bedroom units are allocated a single private garage. Most residents are long term tenants who have been living at the property for several years. All units rents are significantly below current market rate, conservatively about 30%. All units are large and offer ample living space with average unit size over 1,000 sf. 13051 Monroe Street conveniently located within minutes of the 22 and 405 Freeways. Property greatest asset and appeal stems from its’ locational convenience and close proximity to several national retailers (including Costco, Walmart, a Walmart Neighborhood Market, and H Mart) and companies, including In-N-Out Burger, Raising Canes, Starbucks Coffee, Little Caesars Pizza, Del Taco, Denny’s, and more). Furthermore, the property is located the Koreatown area of Westminster and Garden Grove.
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DAYS ON MARKET
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71
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LAST UPDATED
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8/20/2022
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TRACT
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Monroe Townhomes (MONT)
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YEAR BUILT
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1978
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COMMUNITY
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N of Blsa, S of GGrv, E of Bch, W of Brookhrs
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GARAGE SPACES
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6.0
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COUNTY
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Orange
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STATUS
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Sold
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
N of Blsa, S of GGrv, E of Bch, W of Brookhrs |
| GARAGE |
Yes |
| LOT |
10067 sq ft |
| LOT DESCRIPTION |
Garden, Yard |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| SUBDIVISION |
Monroe Townhomes (MONT) |
| WATER |
Public |
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Listed with Keller Williams - Los Feliz
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/24 6:21 AM PDT 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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