Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Family Property in High Demand Title is generated by Realmo AI

    13141 Monroe Street, Garden Grove, CA 92844

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-family property in high-demand rental area with long-term tenants.

    Type:Multifamily
    Added:
    Aug 8, 2025
    Days on Market:
    280
    Last Refresh:
    Mar 18 at 7:42 am

    Property Features for 13141 Monroe Street

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Lyon Quan Doan

    Listing agent Lyon Quan Doan License #01066145

    Listing office I.T.S.T. Real Estate

    Listing date Aug 8, 2025

    Source Crexi

    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

    HighLights

    • Multi‑family property in a high‑demand rental area.
    • The back house is large with 5 bedrooms and 3.5 bathrooms.
    • Back house built in 1990.
    • Front house has 2 bedrooms, 2 bathrooms, and a loft.
    • Both houses have 2‑car garages.
    • Block wall surrounding the back house and all cement driveway.

    Overview

    This multi-family property features long-term tenants and is located in a high-demand rental area. The back house was built in 1990. The front house includes 2 bedrooms and 2 bathrooms, a loft, a living room, a kitchen with ceramic tile flooring, and a 2-car garage. The back house is a two-story structure with 5 bedrooms and 3.5 bathrooms, ceramic tile flooring throughout, and a 2-car garage. The property is surrounded by a block wall and features a cement driveway and various fruit trees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.985837
    Latitude
    33.771632

    Nearby Similar for Sale

    • $1,900,000
      4,000 SF

      Retail Space in Garden Grove

      Retail space available in Garden Grove, California.
      12092 Brookhurst, Garden Grove, CA 92840
      View Details
    • $130,000
      1,200 SF

      Established Beauty Bar Opportunity

      Turnkey beauty salon with existing clientele and low monthly lease.
      12391 Valley View Street, Garden Grove, CA 92845
      View Details
    • $1,800,000
      1,108 SF

      Main Street Mixed-Use Opportunity

      Prime location with mixed-use zoning and high-traffic potential.
      12908 Main, Garden Grove, CA 92840
      View Details
    • $65,000

      Established Garden Grove Business Opportunity

      Long-standing clothes cleaner and alteration business for sale.
      13197 Brookhurst, Garden Grove, CA 92843
      View Details
    • $125,000

      Modern Vietnamese Eatery Opportunity

      Popular Vietnamese eatery for sale in Garden Grove, California.
      12945 Beach Boulevard, Garden Grove, CA 92841
      View Details
    • $179,000

      Bakery Corner in Garden Grove

      Bakery serving matcha, tea, coffee, and bobas in Garden Grove.
      10110 Westminster Ave., Garden Grove, CA 92843
      View Details
    • $1,399,000
      2,769 SF

      Garden Grove Triplex Investment Opportunity

      Triplex in Little Saigon with strong rental income.
      13711 Magnolia, Garden Grove, CA 92844
      View Details
    • $3,488,888
      8,305 SF

      Garden Grove Multifamily Investment Opportunity

      10-unit apartment building in a strong Garden Grove rental market.
      12891 Shackelford, Garden Grove, CA 92841
      View Details
    • $5,100,000
      9,036 SF

      Garden Grove Mixed-Use Opportunity

      Versatile commercial building on a large lot for sale.
      8132 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $225,000
      1,000 SF

      Garden Grove Liquor Store Opportunity

      Profitable liquor store with license in a busy location.
      9517 BOLSA Avenue, Garden Grove, CA 92843
      View Details
    • $1,699,000
      3,667 SF

      Income Property with Detached ADU

      Multifamily residence with ADU on a large lot.
      9282 Marietta, Garden Grove, CA 92841
      View Details
    • $1,930,000
      4,492 SF

      Garden Grove Quadruplex Investment Opportunity

      Well-maintained four-unit property with long-term tenants in place.
      13391 Palm Street, Garden Grove, CA 92843
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multi-family property in high-demand rental area with long-term tenants.
    Where is this multifamily property located?
    The property is located at 13141 Monroe Street Garden Grove, CA.
    What is the asking price?
    The asking price for this property is $1,599,999.
    What are key features of this property?
    This property features: Multi‑family property in a high‑demand rental area.; The back house is large with **5 bedrooms and 3.5 bathrooms.**; Back house built in 1990.
    (714) 926-5621 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lyon Quan Doan
    Real Estate License ID: 01066145
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13141 Monroe Street, Garden Grove, CA 92844
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!