Four-Unit Multifamily
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For Sale
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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 Market5
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: Sep 12
Last Checked: Sep 13 at 5:41AM
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
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 = 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
$67,897
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
3.77%
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%
$1,357,940
$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
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
$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 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%
$1,357,940
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,721
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
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Market
Vacancy Rate% for Multifamily in West region
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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
