Owner-Occupant
For Sale
$1,475,000
Pending
13141 Monroe, Garden Grove, CA 92844
Two-unit configuration supports living in one residence while leasing the other.
Property Size3,169 SF
Days on Market49
Property Features for 13141 Monroe
General Information
Standard status
Pending
Size
3,169 SF
Property subtype
Duplex
Building Details
Building Size
3,169 SF
Year Built
1990
Listing Agency:
I.T.S.T. Real Estate
Listed By:
Lyon Quan Doan · License #01066145
(714) 926-5621
Source:
Stephanieyounggroup
Added: Jul 22
Changed: Aug 10
Last Checked: Aug 8 at 9:12AM
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 I.T.S.T. Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two residential units, creating a flexible ownership setup for an occupant who wants to live in one unit and lease the second. The property was built in 1990.
Located at 13141 Monroe in Garden Grove, California 92844, the asset is offered for sale. Interior inspection is required as part of any offer.
Located at 13141 Monroe in Garden Grove, California 92844, the asset is offered for sale. Interior inspection is required as part of any offer.
Key Highlights
- Two‑unit duplex configuration
- Built in 1990
- Live in one unit and lease the other
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,059,660
$1.1M
Cap Rate 7%
$756,900
$756.9K
Cap Rate 9%
$588,700
$588.7K
Market Conditions
NOI Build-Up for 3,169 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.9K $25.20/SF
− Vacancy
−$4.2K −$1.32/SF
EGI
$75.7K $23.88/SF
− OpEx
−$22.7K −$7.17/SF
NOI
$53.0K $16.72/SF
Area
Garden Grove, CA
Vacancy
5.22%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,059,660
Cap Rate 7%
$756,900
Cap Rate 9%
$588,700
Alternative Uses
Best Use
Multifamily LT 5
$756.9K
$662.3K – $883.1K
NOI $52,983 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$677.7K
$593.0K – $790.6K
NOI $47,436 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit configuration supports living in one residence while leasing the other.
Where is this duplex located?
The property is located at 13141 Monroe Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Built in 1990; Live in one unit and lease the other
