5-Unit Apartment Building with
For Sale
$1,850,000
13152 Pleasant, Garden Grove, CA 92843
Five-unit rental community with attached garage spaces and on-site laundry, offering flexible live-in-and-lease options.
Property Size4,018 SF
Price / SF$460.43
Days on Market148
Property Features for 13152 Pleasant
General Information
Standard status
Active
Size
4,018 SF
Property subtype
Apartment
Additional Details
Multifamily Units
5
Building Details
Building Size
4,018 SF
Year Built
1963
Listing Agency:
Keller Williams Realty
Listed By:
Elizabeth Do · License #01473012
(714) 861-5557
Source:
Stephanieyounggroup
Added: May 27
Changed: Oct 20
Last Checked: Oct 21 at 3:43AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 5-unit apartment community offers a practical mix of floor plans, including two 1-bedroom, 1-bath units, two 2-bedroom, 1-bath units, and one larger 2-bedroom, 2-bath unit. Parking is supported by attached 1-car garage space for four units, while the larger unit includes two 1-car garage spaces. An on-site laundry facility adds everyday convenience for residents. Recent updates include a new water line installed in 2022, and renovations in Unit 3 with new flooring, fresh paint, and an updated kitchen countertop.
The property is located within a single-family residential neighborhood, and it is described as the only apartment complex in that setting. While the surrounding area is positioned as a quieter residential atmosphere, it is also noted to be conveniently close to parks, schools, and shops.
For investors or owner-occupants, the unit mix and garage availability make this building a straightforward candidate for steady residential leasing. The layout also supports the possibility of occupying one unit while renting the remaining units, using the community’s existing configuration to match different occupancy and income goals.
The property is located within a single-family residential neighborhood, and it is described as the only apartment complex in that setting. While the surrounding area is positioned as a quieter residential atmosphere, it is also noted to be conveniently close to parks, schools, and shops.
For investors or owner-occupants, the unit mix and garage availability make this building a straightforward candidate for steady residential leasing. The layout also supports the possibility of occupying one unit while renting the remaining units, using the community’s existing configuration to match different occupancy and income goals.
Key Highlights
- 5‑unit apartment community with 4,018 SF building on an 8,125 SF lot
- Unit mix: two 1 bed/1 bath, two 2 bed/1 bath, and one 2 bed/2 bath
- Four units include an attached 1‑car garage space; the larger unit has two 1‑car garage spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,145
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,900
$1.2M
Cap Rate 7%
$859,214
$859.2K
Cap Rate 9%
$668,278
$668.3K
Market Conditions
NOI Build-Up for 4,018 SF
Gross rent
$115.7K $28.80/SF
− Vacancy
−$6.4K −$1.58/SF
EGI
$109.4K $27.22/SF
− OpEx
−$49.2K −$12.25/SF
NOI
$60.1K $14.97/SF
Area
Garden Grove, CA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,900
Cap Rate 7%
$859,214
Cap Rate 9%
$668,278
Alternative Uses
Best Use
Apartment 5plus
$859.2K
$751.8K – $1.00M
NOI $60,145 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,023 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
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Business Placement
Demographics for 92843, CA
45,480
Population
12,051
Households
3.8
Avg Household Size
38
Median Age
18%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
11,370
Density / Sq Mi
$82,009
Median Household Income
$34,941
Median Earnings
$1,878
Median Rent
$665,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit rental community with attached garage spaces and on-site laundry, offering flexible live-in-and-lease options.
Where is this apartment building located?
The property is located at 13152 Pleasant Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 5‑unit apartment community with 4,018 SF building on an 8,125 SF lot; Unit mix: two 1 bed/1 bath, two 2 bed/1 bath, and one 2 bed/2 bath; Four units include an attached 1‑car garage space; the larger unit has two 1‑car garage spaces
