Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13031 Nelson St Garden Grove, CA 92843-2400
    Back to Search
    Property profile & analytics

    13031 Nelson St, Garden Grove, CA 92843-2400

    View on Map
    • Apartment buildings
    • 3,020 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Oct 11, 2024
    $1,875,000
    Property ID
    US09-1844071
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,875,000
    Show details
    Cap Rate Potential
    2.4%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 13031 Nelson St

    Year built
    1950
    Lot size
    0.25 lot acres
    Property type
    Apartment buildings
    APN
    099-082-02
    APU
    9908202

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2024 $1,875,000 Buih LLC Gama Apartments LLC Grant Deed $895k · Jpmorgan Chase Bank NA
    Sep 21, 2020 $1,250,000 Gama Apartments LLC Ronald H Moore Grant Deed $613k · Orange Countys Cu
    Mar 13, 2009 — Moore Roger E Living Trust Moore,roger E Quit Claim Deed · related —
    Feb 13, 2009 — Moore Living Trust Moore,ronald H & Doris D Quit Claim Deed · related —
    Jan 29, 1993 $288,000 Ronald H Moore Olson,robert P Grant Deed $202k · Home Savings Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,875,000
      ML approach
      $1,875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,544,000
      Market price range: $664k - $1.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000
      COMMERCIAL (GENERAL)
      $1,355,000
      OFFICE BUILDING
      $1,295,000
      AUTO REPAIR, GARAGE
      $1,130,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.946
    Latitude
    33.7735
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,117
    $1,220,390
    $106,120
    $1,326,510
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,390,000
      6,301 SF

      13102 Benton St

      APARTMENT HOUSE (5+ UNITS)
      13102 Benton St, Garden Grove, CA 92843-1110
      View Details
    • Value Estimation
      $1,540,000
      7,103 SF

      11002 Sherman Ave

      APARTMENT HOUSE (5+ UNITS)
      11002 Sherman Ave, Garden Grove, CA 92843-1370
      View Details
    • Value Estimation
      $1,140,000
      8,596 SF

      11822 Stuart Dr

      APARTMENT HOUSE (5+ UNITS)
      11822 Stuart Dr, Garden Grove, CA 92843-1636
      View Details
    • Value Estimation
      $1,205,000
      8,596 SF

      11802 Stuart Dr

      APARTMENT HOUSE (5+ UNITS)
      11802 Stuart Dr, Garden Grove, CA 92843-1635
      View Details
    • Value Estimation
      $1,425,000
      10,851 SF

      13122 Benton St

      APARTMENT HOUSE (5+ UNITS)
      13122 Benton St, Garden Grove, CA 92843-1172
      View Details
    • Value Estimation
      $1,395,000
      10,603 SF

      13121 Nelson St

      APARTMENT HOUSE (5+ UNITS)
      13121 Nelson St, Garden Grove, CA 92843-2465
      View Details

    Similar Nearby for Sale

    • $1,850,000
      4,018 SF

      Charming 5-Unit Apartment Community

      Five-unit apartment building in a residential neighborhood.
      13152 Pleasant St, Garden Grove, CA 92843
      View Details
    • Contact for pricing

      Garden Grove Fourplex Investment Opportunity

      Well-maintained fourplex in central Garden Grove with spacious units.
      11712 Stuart Dr, Garden Grove, CA 92843
      View Details
    • $1,950,000

      Garden Grove Four-Unit Multifamily Property

      Four-unit property in Garden Grove with income potential.
      12292 Ranchero Ave, Garden Grove, CA 92843
      View Details
    • $1,930,000

      Garden Grove Four-Unit Multifamily Property

      Rare opportunity for investors or owner-occupants in Garden Grove.
      13391 Palm St, Garden Grove, CA 92843
      View Details
    • $1,930,000
      4,492 SF

      Garden Grove Quadruplex Investment Opportunity

      Well-maintained four-unit property with long-term tenants in place.
      13391 Palm St, Garden Grove, CA 92843
      View Details
    • $1,349,000

      Two Detached Homes on Lot

      Two single-family homes on a 7,245 sq ft lot.
      13291 Fairview St, Garden Grove, CA 92843
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      12,000 SF

      Retail Space in Garden Grove

      Retail property available for lease in Garden Grove, CA.
      Garden Dr, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      4,674 SF

      Garden Grove Warehouse with Offices

      Multi-tenant building with office space and potential outdoor storage.
      11781-11785 Cardinal Cir, Garden Grove, CA 92843
      View Details
    • $3,000 /Mo

      Modern Office Space For Rent

      Upgraded office space with modern finishes, ideal for professional services.
      11224 Garden Grove Blvd, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      14,000 SF

      Fenced and Paved Land

      14,000 SF of fenced and paved land for lease.
      11615 Cardinal Cir, Garden Grove, CA 92843
      View Details
    • $6,900 /Mo

      Industrial Building Ready For Occupancy

      Industrial building in a prime location with high visibility.
      10722 Trask Ave, Garden Grove, CA 92843
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13031 Nelson St
    Garden Grove, CA 92843-2400
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13031 Nelson St, Garden Grove, CA, 92843
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!