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Renovated 15-Unit Apartment Building
New
For Sale
$6,350,000

13392 Magnolia, Garden Grove, CA 92844

Mixed apartment, townhome, and residential-unit property with a shared courtyard, private outdoor areas, laundry, and multiple parking formats.

Property SizeContact for details
Days on Market3

Property Features for 13392 Magnolia

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 5 x 2BR/1BA, 8 x 2BR/1.5BA, 1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units 15

Amenities

large shared courtyard
private patios or yards for select units
on-site laundry
garage, tuck-under, and surface parking

Building Details

Year Built 1951
Year Renovated 2022
Listing Agency: Seven Gables Real Estate
Listed By: John Allen
Source: Steinbeckre
Added: Aug 6 Changed: Aug 7 Last Checked: Aug 8 at 5:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seven Gables Real Estate

Investment Insights

Based on property information with market context.

Located at 13392 Magnolia Street in Garden Grove, this 15-unit multifamily property combines apartments, townhomes, and single-family residences. Capital improvements completed in 2022 included comprehensive renovations across the original units and construction of three ADUs. The unit mix consists of 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.

Interior updates include dual-pane windows, granite or quartz countertops, shaker-style cabinetry, recessed lighting, vinyl plank flooring, stainless steel appliances, ceiling fans, updated fixtures, and upgraded bathroom vanities. The ADUs include mini-split or central air conditioning. Shared amenities include a large courtyard, on-site laundry, and garage, tuck-under, and surface parking. Select units also offer private patios or yards. The property is near Hanmi Plaza, the H Mart shopping center, and Garden Grove retail and dining destinations.

Key Highlights

  • 15‑unit multifamily property with apartments, townhomes, single‑family residences, and 3 newly constructed ADUs
  • 2022 capital improvements included full renovations throughout the property
  • Unit mix includes five 2‑bedroom apartments, eight 2‑bedroom townhomes, one 3‑bedroom home, and one 4‑bedroom home

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Gym & Fitness Center Carpet & Flooring Store Pet Grooming Service Catering Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units

Location Intelligence

Trade Area within ½ mile

1,389
Businesses Nearby

Demographics for 92844, CA

23,668
Population
7,187
Households
3.3
Avg Household Size
39
Median Age
22%
College-Educated
72%
High-School Grad
2.1 sq mi
ZIP Area
11,270
Density / Sq Mi
$73,590
Median Household Income
$36,444
Median Earnings
$1,989
Median Rent
$706,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed apartment, townhome, and residential-unit property with a shared courtyard, private outdoor areas, laundry, and multiple parking formats.
Where is this apartment building located?
The property is located at 13392 Magnolia Garden Grove, CA.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: 15‑unit multifamily property with apartments, townhomes, single‑family residences, and 3 newly constructed ADUs; 2022 capital improvements included full renovations throughout the property; Unit mix includes five 2‑bedroom apartments, eight 2‑bedroom townhomes, one 3‑bedroom home, and one 4‑bedroom home
More about this property
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