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13262 Verde St 4 Unit Apartment Building $2,994,248 CAD ($748,562 CAD/Unit) 4.57% Cap Rate Garden Grove, CA 92844
INVESTMENT HIGHLIGHTS
- Substantial Upgrades Completed in 2024-2025 to Unit Interiors & the Exterior of the Property
- Attractive Property Amenities Including Private Patios or Balconies (with Laundry Hookups) & Ample Garage Parking
- Desirable Unit Mix Including 1, One-Bedroom Unit, 2, Two-Bedroom Townhome Units, & 1, Three-Bedroom Unit
- Steps Away from the Plethora of Retail, Dining, & Entertainment Options at Hanmi Plaza & The Promenade
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 13262 Verde Street, a 4-unit multifamily investment property located in Garden Grove, CA.
Located in central Garden Grove, 13262 Verde Street is uniquely placed in-close proximity of an abundance of popular shops and restaurants situated along Garden Grove Boulevard as well as Garden Grove’s Historic Main Street and the GARDEN AMP. The property is positioned within a 4-mile radius of many of Orange County’s top destinations and major employment hubs including Bella Terra, Disneyland, the Anaheim Convention Center, Little Saigon, and The Outlets at Orange, providing convenient access to top regional amenities. Furthermore, 13262 Verde Street’s proximity to State Route 22 provides residents with convenient access throughout Southern California.
Substantially renovated in 2024 & 2025, 13262 Verde Street offers an attractive mix of one, two, and three-bedroom units with high quality upgrades that set it apart from the competition. Upgrades include new quartz countertops, white shaker-style cabinets, modern appliances, recessed lighting, vinyl flooring, modern ceiling fans, fully updated bathrooms, and more. These upgrades have helped current ownership to lease all four units at premium, market-leading rental rates.
In summary, 13262 Verde Street’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With all units filled at market-leading rents, 13262 Verde Street represents an attractive opportunity for a new owner seeking a stabilized asset in a highly desirable Garden Grove location.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Located in central Garden Grove, 13262 Verde Street is uniquely placed in-close proximity of an abundance of popular shops and restaurants situated along Garden Grove Boulevard as well as Garden Grove’s Historic Main Street and the GARDEN AMP. The property is positioned within a 4-mile radius of many of Orange County’s top destinations and major employment hubs including Bella Terra, Disneyland, the Anaheim Convention Center, Little Saigon, and The Outlets at Orange, providing convenient access to top regional amenities. Furthermore, 13262 Verde Street’s proximity to State Route 22 provides residents with convenient access throughout Southern California.
Substantially renovated in 2024 & 2025, 13262 Verde Street offers an attractive mix of one, two, and three-bedroom units with high quality upgrades that set it apart from the competition. Upgrades include new quartz countertops, white shaker-style cabinets, modern appliances, recessed lighting, vinyl flooring, modern ceiling fans, fully updated bathrooms, and more. These upgrades have helped current ownership to lease all four units at premium, market-leading rental rates.
In summary, 13262 Verde Street’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With all units filled at market-leading rents, 13262 Verde Street represents an attractive opportunity for a new owner seeking a stabilized asset in a highly desirable Garden Grove location.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$204,949
|
$48.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,149
|
$1.46
|
| Effective Gross Income |
$198,800
|
$47.13
|
| Taxes |
$35,191
|
$8.34
|
| Operating Expenses |
$26,676
|
$6.32
|
| Total Expenses |
$61,867
|
$14.67
|
| Net Operating Income |
$136,933
|
$32.46
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $204,949 |
| Annual Per SF | $48.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,149 |
| Annual Per SF | $1.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $198,800 |
| Annual Per SF | $47.13 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,191 |
| Annual Per SF | $8.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,676 |
| Annual Per SF | $6.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,867 |
| Annual Per SF | $14.67 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $136,933 |
| Annual Per SF | $32.46 |
PROPERTY FACTS
| Price | $2,994,248 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $748,562 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.57% | Building Size | 4,218 SF |
| Gross Rent Multiplier | 14.95 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1963/2025 |
| Property Type | Multifamily | Parking Ratio | 1.19/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Multiple Family Residential | ||
| Price | $2,994,248 CAD |
| Price Per Unit | $748,562 CAD |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| Gross Rent Multiplier | 14.95 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,218 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2025 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R-3 - Multiple Family Residential |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Patio
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1.5 | 2 | - | 1,050 |
| 3+2 | 1 | - | 1,368 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 098-212-43 | Total Assessment | $2,288,456 CAD |
| Land Assessment | $2,019,513 CAD | Annual Taxes | $35,191 CAD ($8.34 CAD/SF) |
| Improvements Assessment | $268,943 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
098-212-43
Land Assessment
$2,019,513 CAD
Improvements Assessment
$268,943 CAD
Total Assessment
$2,288,456 CAD
Annual Taxes
$35,191 CAD ($8.34 CAD/SF)
Tax Year
2025 Payable 2025
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13262 Verde St
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