13792 Newland St, Garden Grove, CA 92844
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13792 Newland St Garden Grove, CA 92844

$2,770,000 Sold Price as of 02/07/2020
  • 20 Beds
  • 10 Baths
  • 9,840 Sq.Ft.
Sold
$2,770,000 Sold Price as of 02/07/2020 Refinance Your Mortgage

Map preview of 13792 Newland St, Garden Grove, CA 92844

Property Overview: 13792 Newland St Garden Grove, CA has 20 bedrooms, 10 bathrooms, 9,840 living square feet and 28,602 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare investment opportunity in centrally located Garden Grove. Large lot which consist of 3 parcels with four single story buildings, including one SFR. Three additional triplex units with covered parking and onsite laundry. Stable income in desirable rental area. Each unit has separate electric, gas meters and private patios.. Newer roofs on two back buildings. Rents are below market. Close to restaurants, entertainment, shopping centers. Easy access to 22, 405 and 5 freeways.

Listed by Timothy Gorman | BRE #01929799 | Gorman & Associates
Last checked: 7 minutes ago | Last updated: October 1st, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
28,602
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19276669
City
Garden Grove
County
Orange
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 4
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: $1,320
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,280
  • Total Rent: $1,280
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,310
  • Total Rent: $1,310
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $1,345
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 14.9
  • Gross Scheduled Income: $172,620
  • Net Operating Income: $98,393
  • Gross Operating Income: $163,989
  • Vacancy Allowance: $8,631
  • Gross Spendable Income: $172,620
Annual Expense Breakdown
  • Total Operating Expense: $65,596
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $65,596
  • Other Expense Description: 40%

Property Details for 13792 Newland St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 09744238
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: Newland St between Trask Ave and Westminster Blvd
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Garden Grove Agent

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Sale History for 13792 Newland St

Last sold for $2,770,000 on February 7th, 2020
  • October, 2022

  • Oct 1, 2022

    Date

    Expired

    CRMLS: NP22161731

    $2,300

    Price

  • Jul 22, 2022

    Date

    Active

    CRMLS: NP22161731

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2 Bedroom apartment home, with an open floor plan. Single story, quiet living environment with a good size patio / personal outdoor space. Comes with one carport parking space. Good location.

  • February, 2020

  • Feb 10, 2020

    Date

    Sold

    CRMLS: PW19276669

    $2,770,000

    Price

  • Jan 31, 2020

    Date

    Pending

    CRMLS: PW19276669

    $2,575,000

    Price

  • Dec 27, 2019

    Date

    Active Under Contract

    CRMLS: PW19276669

    $2,575,000

    Price

  • Dec 6, 2019

    Date

    Active

    CRMLS: PW19276669

    $2,575,000

    Price

  • February, 2020

  • Feb 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,770,000

    Price

Show More

Tax History for 13792 Newland St

Assessed Value (2020): $266,107
Year Land Value Improved Value Assessed Value
2020 $120,567 $145,540 $266,107

Home Value Compared to the Market

This property vs the competition

13792 Newland St sold on February 7, 2020 for 176.29% 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 $261.69 per/sqft which puts the price per square foot 58.92% lower than the current median sale per square foot for the city of Garden Grove.

About 13792 Newland St

Detailed summary of property

13792 Newland St is a multi family that recently sold in Garden Grove, CA 92844. This multi family property offered 20 bedrooms, 10 bathrooms, roughly 9,840 living square feet, and sits on an approximately 28,602 square foot lot. 13792 Newland St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,770,000. 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 176.29% higher than the current median priced home. Local homes that are currently for sale include 218 Indianapolis Ave, 206 Chicago Ave and 205 Huntington St. While the average home in Garden Grove, CA is selling in 32 days, 13792 Newland St has a days on market of 13 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 13792 Newland 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 13792 Newland St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,983
Lot Size
9,848
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
097-442-38

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
15
Median Sale to List Price %
95.97%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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Related Resources to 13792 Newland St

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.