Magnolia Triplex in Little
For Sale
Contact for pricing
13711 Magnolia, Garden Grove, CA 92844
Three units in Little Saigon with reliable rental income.
Property Size2,769 SF
Lot Size0.19 Acres
Price / SF$505.24
Days on Market147
Property Features for 13711 Magnolia
General Information
Standard status
Active
Size
2,769 SF
Lot size
0.19 Acres
Property subtype
Multifamily
Zoning
Assessor
Building Details
Buildings
1
Stories
1
Units
3
Listing Agency:
One Stop Realty and Financial
(714) 653-8881
Listed By:
John Nguyen · License #01408888
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 19 at 6:52AM
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 One Stop Realty and Financial
Investment Insights
Based on property information with market context.
This triplex, located in the heart of Little Saigon, presents an investment opportunity. The property, situated at 13711, 13713 & 13715 Magnolia, consists of three units. Each unit features two bedrooms and one bathroom. The total living area for the three units is 2769 square feet, and the lot size is 8276 square feet. The property generates a total income of over $7500 per month. All three units are currently occupied by tenants with housing assistance/Section 8. Each unit has separate meters for gas and electricity, with tenants responsible for these utilities. The landlord covers trash, insurance, water, and a small electricity bill for the common area. The middle unit, 13713, was fully remodeled and upgraded two years ago. A coin-operated laundry room is located on-site for additional income. Each tenant has a one-car garage. The property is located within minutes of Phuoc Loc Tho (Asian Garden Mall), schools, shopping centers, dining areas, and the 22 Freeway.
Key Highlights
- Located in the heart of Little Saigon.
- Three units generating over $7500/month in income.
- All units currently occupied by Section 8 tenants.
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
$46,295
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
3.31%
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%
$925,900
$925.9K
Cap Rate 7%
$661,357
$661.4K
Cap Rate 9%
$514,389
$514.4K
Market Conditions
NOI Build-Up for 2,769 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
$69.8K $25.20/SF
− Vacancy
−$3.6K −$1.32/SF
EGI
$66.1K $23.88/SF
− OpEx
−$19.8K −$7.17/SF
NOI
$46.3K $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%
$925,900
Cap Rate 7%
$661,357
Cap Rate 9%
$514,389
Alternative Uses
Best Use
Multifamily LT 5
$661.4K
$578.7K – $771.6K
NOI $46,295 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$592.1K
$518.1K – $690.8K
NOI $41,449 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
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?
Triplex - Three units in Little Saigon with reliable rental income.
Where is this triplex located?
The property is located at 13711 Magnolia Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Located in the heart of Little Saigon.; Three units generating over $7500/month in income.; All units currently occupied by Section 8 tenants.
