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13392 Magnolia St Garden Grove, CA 92844

$3,400,000 Sold Price as of 10/30/2020

25 Beds
21 Baths
12,638 Sq.Ft.

Sold

$3,400,000 Sold Price as of 10/30/2020 Refinance Your Mortgage

Map preview of 13392 Magnolia St, Garden Grove, CA 92844

Property Overview: 13392 Magnolia St Garden Grove, CA has 25 bedrooms, 21 bathrooms, 12,638 living square feet and 27,434 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: **12 UNITS GARDEN GROVE! FIRST TIME ON THE MARKET IN 33 YRS! 4 SEPARATE BUILDINGS, HUGE 3BR+2BA HOUSE IN FRONT, 6 UNIT BUILDING, ALL LARGE 2BR+1.5BA TOWN HOME STYLE WITH PRIVATE YARDS, 2 UNIT BUILDING ALSO BOTH 2BR+1.5BA TOWN HOME STYLE, IN THE REAR IS 3 2BR+1BA UNITS OVER THE GARAGES, 14 GARAGES AND 11 SPACES, HUGE BUILDING OVER 12,500 SQ. FT AND LARGE LOT OVER 27,000 SQ FT, ALL UNITS HAVE INDIVIDUAL GAS AND ELECTRIC METERS AND INDIVIDUAL HOT WATER HEATERS FOR LOW EXPENSES, BRAND NEW EXTERIOR PAINT AND FRONT HOUSE HAS NEW ASPHALT DRIVEWAY! CALL AGENT FOR A PROPERTY VIDEO AND MARKETING PACKAGE!

Listed by Gregg Horvath | BRE #01007015 | R.L.M. Equities

Last checked: 1 minute ago | Last updated: January 30th, 2023 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft: 27,434
HOA Dues: $0/mo
Year built: 1964
Garage: 14 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW20136994
City: Garden Grove
County: Orange
Time on Site: 1397 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 12
Total # of Buildings: 4
# of Electric Meters: 13
# of Gas Meters: 13
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $2,600

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $1,400
Pro Forma/Market Rent: $1,725

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,725

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,725

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,565
Total Rent: $1,565
Pro Forma/Market Rent: $1,895

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,535
Total Rent: $1,535
Pro Forma/Market Rent: $1,895

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,895

Unit Breakdown 8

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,895

Unit Breakdown 9

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,895

Unit Breakdown 10

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,895

Unit Breakdown 11

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,895

Unit Breakdown 12

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,895

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $221,340
Net Operating Income: $143,871
Gross Operating Income: --
Other Income Description: LAUNDRY $200 MONTH

Annual Expense Breakdown

Total Operating Expense: $77,469
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 13392 Magnolia St

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 14
# of Parking Spaces: 25

Lot Information

Lot Features: Lot 20000-39999 Sqft
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 12
Parcel Number: 09802365
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Other
Water Source: Other

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: NONE
Directions: Magnolia and Trask

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Garden Grove Agent

Sale History for 13392 Magnolia St

Last leased for $3,595 on January 30th, 2023

January, 2023
Jan 30, 2023

Date

Leased

CRMLS: OC22259694

$3,595

Price
Dec 27, 2022

Date

Active

CRMLS: OC22259694

$3,595

Price
Listing provided courtesy of CRMLS

Beautiful 3 bedroom 2 bath home. This home boasts quartz countertops, vinyl flooring, tile showers, black fixtures, in unit washer/dryer hookups and Central AC/Heat. Property has a great sized backyard and 2 parking spaces included. Professionally managed by Treewater Property Management. Small pets welcome. Additional deposits and rent may apply. Please contact our Leasing Agent to learn more. Thank you for your interest! https://virtualtours.dysphoto.com/share/collection/79dVq?logo=-1&info=0&fs=1&vr=1&sd=1&autorotate=0.04&autop=9&autopalt=1&thumbs=1

Continue Reading
October, 2020
Oct 31, 2020

Date

Sold

CRMLS: PW20136994

$3,400,000

Price
Oct 28, 2020

Date

Pending

CRMLS: PW20136994

$3,600,000

Price
Aug 31, 2020

Date

Active Under Contract

CRMLS: PW20136994

$3,600,000

Price
Aug 13, 2020

Date

Active

CRMLS: PW20136994

$3,600,000

Price
Aug 3, 2020

Date

Active Under Contract

CRMLS: PW20136994

$3,600,000

Price
Jul 12, 2020

Date

Active

CRMLS: PW20136994

$3,600,000

Price
October, 2020
Oct 30, 2020

Date

Sold (Public Records)

Public Records

$3,400,000

Price

Tax History for 13392 Magnolia St

Assessed Value (2020): $1,043,813

Year	Land Value	Improved Value	Assessed Value
2020	$581,155	$462,658	$1,043,813

Home Value Compared to the Market

This property vs the competition

13392 Magnolia St sold on October 30, 2020 for 286.27% higher than the current median sold price for the city of Garden Grove which is $932,000. The median sold price per/sqft for Garden Grove is $637 and this home is sold at $284.86 per/sqft which puts the price per square foot 55.28% lower than the current median sale per square foot for the city of Garden Grove.

About 13392 Magnolia St

Detailed summary of property

13392 Magnolia St is a multi family that recently sold in Garden Grove, CA 92844. This multi family property offered 25 bedrooms, 21 bathrooms, roughly 12,638 living square feet, and sits on an approximately 27,434 square foot lot. 13392 Magnolia St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,400,000. Home in Garden Grove are selling for a median price of $932,000 and a median price per square foot of $637. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 286.27% higher than the current median priced home. Local homes that are currently for sale include 210 Grant St, 210 Grant St and 6807 E Seaside Walk. While the average home in Garden Grove, CA is selling in 32 days, 13392 Magnolia St has a days on market of 50 days. There are currently 116 homes for sale in the Garden Grove real estate market and 92 of them are single family homes while 18 of them are condos and 6 are townhomes. For more information on this home for sale at 13392 Magnolia St Garden Grove, CA 92844 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 13392 Magnolia St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 27,432
Stories: --

Type: Multi-Family Dwellings (Generic, Any Combination 2+)
Pool: No
Spa: No
County: Orange
Lot#: --
APN: 098-023-65

The source for these homes facts are from public records.

92844 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,050,000

Median List Price/Sq.Ft.

$582

Median Sold Price

$786,000

Median Sold Price/Sq.Ft.

$524

Total Inventory

Median Sale to List Price %

95.97%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.