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13871 Shady Ln, Garden Grove, CA 92706
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13871 Shady Ln Garden Grove, CA 92706

$7,740,000 Sold Price as of 08/15/2022
  • 45 Beds
  • 30 Baths
  • 18,690 Sq.Ft.
Sold
$7,740,000 Sold Price as of 08/15/2022 Refinance Your Mortgage
Map preview of 13871 Shady Ln, Garden Grove, CA 92706

Property Overview: 13871 Shady Ln Garden Grove, CA has 45 bedrooms, 30 bathrooms, 18,690 living square feet and 38,786 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 13871 Shady Lane, is a 1986 construction, 15-unit apartment investment opportunity located in the desirable rental market of Garden Grove. An unbelievable opportunity for the apartment investor looking to find a highly unique asset with great potential. In place rents offer solid cash flow with no immediate need for increases. Upside will be obtained simply through standard rental increases on an annual basis without the need for major renovations. The true upside lies in the potential adding of several ADU’s (Accessory Dwelling Units) based on a tremendous lot size of just under an acre (38,776 sq.ft.) and ample open space.

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Co-listed by Paul Espinosa | BRE #01942627 | Morgan Skenderian
Last checked: 4 minutes ago | Last updated: August 17th, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
38,786
HOA Dues
$0/mo
Year built
1986
Garage
30 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22090275
City
Garden Grove
County
Orange
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 4
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 15
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,715
  • Total Rent: $40,725
  • Pro Forma/Market Rent: $2,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $492,900
  • Net Operating Income: $313,327
  • Gross Operating Income: --
  • Vacancy Allowance: $14,787
  • Garage Rental Income: $350
Annual Expense Breakdown
  • Total Operating Expense: $164,786
  • Electric: $5,697
  • Gas/Fuel: $5,697
  • New Taxes: $102,945
  • Trash: $5,697
  • Gardener: $4,796
  • Insurance: $4,567
  • Maintenance: $28,687
  • Professional Management: $0
  • Water/Sewer: $5,697
  • Other Expenses: $1,000
  • Other Expense Description: Misc

Property Details for 13871 Shady Ln

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 30
  • # of Parking Spaces: 39
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 10114201
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 22 Freeway, West of Harbor Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Garden Grove Agent

Sale History for 13871 Shady Ln

Last sold for $7,740,000 on August 15th, 2022

  • August, 2022

  • Aug 15, 2022

    Date

    Sold

    CRMLS: PW22090275

    $7,740,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: PW22090275

    $8,245,000

    Price

  • November, 2019

  • Nov 1, 2019

    Date

    Expired

    CRMLS: PW19060155

    $6,815,000

    Price

  • Sep 17, 2019

    Date

    Withdrawn

    CRMLS: PW19060155

    $6,815,000

    Price

  • Jun 18, 2019

    Date

    Price Change

    CRMLS: PW19060155

    $6,815,000

    Price

  • Apr 17, 2019

    Date

    Price Change

    CRMLS: PW19060155

    $6,975,000

    Price

  • Mar 18, 2019

    Date

    Active

    CRMLS: PW19060155

    $7,200,000

    Price

  • Listing provided courtesy of CRMLS

    "Shady Lane Apartments" is a 15-unit apartment investment opportunity. Shady Lane Apartments is a private, tree-lined community offering its residents a private and desirable place to live. This offering is uniquely and desirably comprised of (15) three bedroom/two bathroom townhome style units built to condo specifications. This newer construction complex has in-demand upgrades that include upgraded kitchens, bathrooms, flooring, appliances and more. The residents of Shady Lane enjoy extremely desirable amenities seldom seen in other apartment complexes such as washer/dryer hookups, direct double-car garage access, patios & balconies and ample living space with units averaging 1,250 Sq.Ft. each. Shady Lane Apartments offers upside potential on an already excellent investment opportunity. *All 3-Bedroom Townhomes Units w/Double-Car Garages, *Built in 1986, *Upgraded Kitchens, Baths, Flooring, Appliances and more, *Built to Condo Specifications, *W/D Hookups, Patios, Balconies, *Huge Units Estimated at 1,250 Sq.Ft. Each

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Tax History for 13871 Shady Ln

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

13871 Shady Ln sold on August 15, 2022 for 784.66% 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 $441.14 per/sqft which puts the price per square foot 30.75% lower than the current median sale per square foot for the city of Garden Grove.

About 13871 Shady Ln

Detailed summary of property

13871 Shady Ln is a multi family that recently sold in Garden Grove, CA 92706. This multi family property offered 45 bedrooms, 30 bathrooms, roughly 18,690 living square feet, and sits on an approximately 38,786 square foot lot. 13871 Shady Ln was first listed on ArdentRealEstateGroup.com on May 3, 2022. The homeowner sold the property for $7,740,000. 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 784.66% higher than the current median priced home. Local homes that are currently for sale include 667 S Carondelet St, 4233 Burns Ave and 641 N Hobart Blvd. While the average home in Garden Grove, CA is selling in 33 days, 13871 Shady Ln has a days on market of 34 days. There are currently 116 homes for sale in the Garden Grove real estate market and 89 of them are single family homes while 20 of them are condos and 7 are townhomes. For more information on this home for sale at 13871 Shady Ln Garden Grove, CA 92706 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 13871 Shady Ln

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92706 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$998,000
Median List Price/Sq.Ft.
$605
Median Sold Price
$1,225,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
36
Median Sale to List Price %
90.81%
Avg Days on Market
34
Loan Type
Conventional (58.82%), FHA (0%), VA (0%), Cash (23.53%), Other (17.65%)

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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.

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