13072 Century Blvd Garden Grove, CA 92843-1210

This exceptional Garden Grove investment opportunity presents a 6,325 square foot multi-tenant auto center situated on a spacious 18,235 square foot lot (APN: 099-091-36). The property boasts a strong current NOI of $106,510, yielding a 5.68% cap rate, with significant upside potential. A pro-forma cap rate of 8.61% and pro-forma NOI of $161,465 reflects the value-add potential from current rents being 25-50% below market. All tenants are on month-to-month or short-term gross leases, providing immediate access to increased income. The property features a 100% occupancy rate with multiple tenants exhibiting 15+ years of occupancy. Extensive renovations were completed between 2020 and 2022, including a new roof, roll-up bay doors, exterior paint, asphalt and ADA parking lines, and a new chain link and rolling front gate. Built in 1955, this fee-simple property is ideally located in the heart of Garden Grove, near the Civic Center, Home Depot, Costco, Coastline College, and Cal State Fullerton, benefiting from a dense population and strong average household income exceeding $101,560 within a 5-mile radius. The asking price is $1,875,000 ($296.44/SF). This is a rare opportunity to acquire a well-maintained, high-demand property with substantial upside potential in a prime Garden Grove location.