Four-Unit Multifamily
For Sale
Contact for pricing
13252 Verde Street, Garden Grove, CA 92844
Garden Grove multifamily property with varied floor plans, five garages, laundry, and outdoor resident amenities.
Property Size4,061 SF
Lot Size0.17 Acres
Price / SF$443.24
Days on Market50
Property Features for 13252 Verde Street
General Information
Standard status
Active
Size
4,061 SF
Total Parking Spaces
5
Lot size
0.17 Acres
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Additional Details
Gross Income
$99,180
Amenities
on-site laundry
patio
deck
Building Details
Year Built
1961
Listing Agency:
Morgan Skenderian Investment Real Estate Group
Listed By:
Damien Breaux · License #01460301
(949) 584-0503
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:06AM
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 Morgan Skenderian Investment Real Estate Group
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Garden Grove was built in 1961 and contains approximately 4,061 square feet on a 7,199-square-foot lot. The unit mix includes three 2-bedroom residences and one 3-bedroom residence, offering a range of floor plan sizes within the building. Five garages provide on-site parking, while laundry facilities, patio areas, and deck areas add practical resident amenities.
The property is located at 13252 Verde Street in Garden Grove, California. It is an established income-producing asset with scheduled rental income and projected Year 1 rental income identified in the property information. The combination of unit variety, garage parking, laundry, and outdoor areas supports a functional multifamily configuration.
The property is located at 13252 Verde Street in Garden Grove, California. It is an established income-producing asset with scheduled rental income and projected Year 1 rental income identified in the property information. The combination of unit variety, garage parking, laundry, and outdoor areas supports a functional multifamily configuration.
Key Highlights
- Four‑unit multifamily property built in 1961
- Approximately 4,061 square feet on a 7,199‑square‑foot lot
- Unit mix includes three 2‑bedroom residences and one 3‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,897
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,940
$1.4M
Cap Rate 7%
$969,957
$970.0K
Cap Rate 9%
$754,411
$754.4K
Market Conditions
NOI Build-Up for 4,061 SF
Gross rent
$102.3K $25.20/SF
− Vacancy
−$5.3K −$1.32/SF
EGI
$97.0K $23.88/SF
− OpEx
−$29.1K −$7.17/SF
NOI
$67.9K $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 Rate 5%
$1,357,940
Cap Rate 7%
$969,957
Cap Rate 9%
$754,411
Alternative Uses
Best Use
Multifamily LT 5
$970.0K
$848.7K – $1.13M
NOI $67,897 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$868.4K
$759.9K – $1.01M
NOI $60,788 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,965 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Garden Grove multifamily property with varied floor plans, five garages, laundry, and outdoor resident amenities.
Where is this quadplex located?
The property is located at 13252 Verde Street Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1961; Approximately 4,061 square feet on a 7,199‑square‑foot lot; Unit mix includes three 2‑bedroom residences and one 3‑bedroom residence
