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    13052 Rockinghorse Rd Garden Grove, CA 92843

    Sponsored
    For Sale
    $2,599,000

    8-unit, renovated apartment building, high occupancy.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8-unit apartment building presents a compelling investment opportunity in the desirable Garden Grove, California market. Boasting a 100% occupancy rate and a strong 5.34% cap rate based on a Net Operating Income (NOI) of $138,834, this property offers immediate cash flow. The property, situated on a 10,506 sq ft lot, comprises a single, two-story building totaling 4,978 net rentable square feet. Built in 1959 and extensively renovated in 2021, the property features eight one-bedroom units, each equipped with air conditioning and a private garage. The comprehensive renovation included new kitchens, bathrooms, flooring (vinyl plank), a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting, and new concrete throughout. A renovated laundry room with two owner-owned washers and dryers adds further value. A RUBs (renters utility billing) program is in place, contributing to lower operating expenses. The asking price is $2,599,000, translating to $324,875 per unit. The property is sold as-is

    Property Features for 13052 Rockinghorse Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built/Renovated
    1959/2021
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Pride of Ownership; 100% Occupancy.
    • In‑place RUBS program; all one‑bedroom units.
    • All units fully renovated with new kitchens, bathrooms, and vinyl plank flooring.
    • Private garages for each unit; new roof.
    • On‑site laundry room with two owner‑owned washers and dryers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.9244796
    Latitude
    33.7736421

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    FAQs

    What type of property is this?
    Multifamily property - 8-unit, renovated apartment building, high occupancy.
    Where is this multifamily property located?
    The property is located at 13052 Rockinghorse Rd Garden Grove, CA.
    What is the asking price?
    The asking price for this property is $2,599,000.
    What are key features of this property?
    This property features: Pride of Ownership; 100% Occupancy.; In-place RUBS program; all one-bedroom units.; All units fully renovated with new kitchens, bathrooms, and vinyl plank flooring.
    Request Owner's contact information
    13052 Rockinghorse Rd Garden Grove, CA 92843
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    Garden Grove, CA 92843
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    Realmo Value Estimation

    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.

    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.

    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
    13052 Rockinghorse Rd Garden Grove, CA 92843
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