13392 Magnolia Street
Multifamily | 15 Units | $443,333/unit
Marketing description
Download the Offering Memorandum: https://theleesongroup.com/properties/active-escrow/#/13392-magnolia-street
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 13392 Magnolia Street, a 15-unit multifamily community located in Garden Grove, California. Originally comprised of 11 apartments and a single-family home, the property was thoughtfully expanded in 2022 with the addition of three brand-new accessory dwelling units (ADU). Today, the community features a highly desirable and diverse mix of five two-bedroom/one-bath apartments, eight two-bedroom/one-and-a-half-bath townhomes, one three-bedroom/two-bath home, and one four-bedroom/two-bath home.
Residents enjoy a variety of amenities including a spacious courtyard, nine units with private patios, two units with private yards, an on-site laundry facility, and a combination of garage, tuck-under, and surface parking options. The community’s original units have been extensively renovated with dual-pane windows, ceiling fans, recessed lighting, granite countertops, shaker-style cabinets, stainless steel appliances, vinyl flooring, and more. The newly constructed ADUs further elevate the property with high-quality finishes such as quartz countertops, modern bathroom vanities, and efficient mini-split or central air conditioning systems, offering a modern and attractive living environment.
13392 Magnolia Street benefits from its prime Garden Grove location. To the northeast, tenants enjoy convenient access to Hanmi Plaza, while the H Mart anchored retail center at Garden Grove Boulevard and Magnolia Street provides everyday shopping and dining options just minutes away. To the south, the property is positioned near the vibrant cultural hub of Little Saigon, offering a rich mix of restaurants, retail, and community amenities. Families are supported by proximity to Bolsa Grande High School, while outdoor recreation is available nearby at Garden Grove Park. Furthermore, the property offers excellent regional connectivity with direct access to State Route 22, linking residents to employment and entertainment hubs throughout Orange and Los Angeles Counties.
This offering presents investors with the opportunity to acquire a well-located, fully improved multifamily community in the heart of Garden Grove.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
MODERN RENOVATIONS & NEW CONSTRUCTION
All original units have been renovated with dual-pane windows, granite countertops, stainless steel appliances, vinyl flooring, and recessed lighting, while three newly built ADUs (delivered in 2022) add high-quality modern living options.
DIVERSE & FUNCTIONAL UNIT MIX
The property features 15 total units comprised of five 2 bed/1 bath flats, eight 2 bed/1.5 bath townhomes, one 3 bed/2 bath home, and one 4 bed/2 bath home, appealing to a wide tenant base from families to professionals.
ATTRACTIVE COMMUNITY AMENITIES
Residents benefit from a spacious courtyard, private patios or private yards (11 of 15 units), on-site laundry, and multiple parking options including both covered & surface spaces.
TURNKEY INVESTMENT OPPORTUNITY
With extensive renovations completed and newly constructed ADUs in place, the property offers a stabilized and fully improved investment with durable long-term demand.
RETAIL CONVENIENCE NEARBY
Immediate access to the H Mart anchored retail center at Garden Grove Boulevard and Magnolia Street, as well as Hanmi Plaza to the northeast, provides tenants with grocery, dining, and daily necessities just minutes away.
EDUCATIONAL & RECREATIONAL ACCESS
Families benefit from nearby Bolsa Grande High School, while Garden Grove Park provides sports fields, open space, and community recreation within close reach.
PROXIMITY TO LITTLE SAIGON
Located just south of the property, Little Saigon offers a vibrant hub of restaurants, shopping, and cultural amenities that attract both tenants and visitors from across the region.
EXCELLENT REGIONAL CONNECTIVITY
Direct access to State Route 22 links residents to employment and entertainment centers throughout Orange and Los Angeles Counties, supporting broad tenant appeal.
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