33.77143 -117.98584

13151 -13171 Monroe Street Garden Grove, CA 92844

283351356 33.77143 -117.98584 124 /listing/283351356-150156740/13151-13171-monroe-street-garden-grove-ca-92844 False 0 10100000 105 PW20224195 False
  • $10,100,000
  • 47,227 lot
  • Est payment $54218.98/mo

Property & Neighborhood Info

Courtesy Of Shane Young, Marcus & Millichap

Multi-Family in Garden Grove

We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a reliable stream of cash flow. Every unit has been upgraded with high-end vinyl plank flooring, stainless steel appliances, quartz counter tops, durable white-modern cabinets, modern lighting throughout, double-pane noise reducing vinyl windows & modern white interior design paint scheme. The tenants enjoy oversized private balconies, generous private yards, a well-groomed common area courtyard equipped with barbeques, quaint and well-lit seating area, a sparkling pool and spa, as well as drought resistant low maintenance landscape. Additionally, the tenants benefit from 24 garage spaces as well as 26 surface spots.Monroe is a unique opportunity that combines the strong demographics and market conditions of this Orange County submarket with luxurious, strategic upgrades to attract the highest quality tenants in the most sought after location. Monroe will prove to be a high-yielding stable investment for years to come.Contact Listing agent for Marketing Package.

Courtesy Of Shane Young, Marcus & Millichap
  1. 47,227 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1979
  • Garage: 24.0
  • Floors: 2
  • County: Orange County
  • Units: 24
  • Subdivision: Monroe Townhomes (Mont)
  • MLS Number:PW20224195

Additional Features

  • Laundry:
    • Community
  • Common Walls:
    • 2+ common walls
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Cul-De-Sac
    • Level with Street
  • Pool Features:
    • Community
  • Spa:
    • Community
  • Parking Spaces:
    • 50.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
  • Number of Buildings:
    • 4
  • Gross Income:
    • 40776.00
  • Net Operating Income:
    • 446952.00
  • CDOM:
    • 0
  • Special Conditions:
    • Standard
  • DOM:
    • 0
  • Fuel Exp:
    • 5760.00
  • Insurance Expense:
    • 9612.00
  • Listing Key:
    • 364889746
  • Lot Size Acres:
    • 1.0842
  • Lot Size Square Feet:
    • 47227.00
  • Maintenance Exp:
    • 7200.00
  • Operating Expense:
    • 207019.00
  • Other Income/Mo:
    • 14976.00
  • Price Per SQFT:
    • 420.31
  • Tax ID:
    • 09702326
  • Total Expenses:
    • 207019.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Benny Resendiz
Benny Resendiz
Real Estate Consultant
300 S. Sycamore St. Santa Ana CA 92701
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