13392 Magnolia St 15 Unit Apartment Building $8,795,576 CAD ($586,372 CAD/Unit) 5.49% Cap Rate Garden Grove, CA 92844

13392 Magnolia Street is a 15-unit multifamily community situated in the heart of Garden Grove, California. The property consists of a well-curated unit mix including 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. Three of
the 15 units are newly constructed ADUs completed in 2022, representing a meaningful capital improvement that added both density and rental income to the asset. Existing units have undergone substantial interior renovation, featuring dual-pane windows, vinyl flooring, recessed lighting, granite countertops, shaker cabinets, and stainless steel appliances. The ADUs were delivered with an elevated finish level, including quartz countertops, contemporary bathroom vanities, and individual mini-split or central HVAC systems. Residents have access to a central courtyard, private patios or yards on select units, on-site laundry, and a mix of garage, tuck-under, and surface parking. The property is well-positioned within Garden Grove, surrounded by a strong concentration of retail and dining options, including Hanmi Plaza and an H Mart-
anchored center at the intersection of Garden Grove Boulevard and Magnolia Street. Little Saigon's vibrant mix of restaurants, specialty retail, and cultural amenities is minutes to the south. State Route 22 provides direct regional connectivity, placing residents within easy reach of employment and entertainment corridors across Orange and Los Angeles Counties. The surrounding neighborhood is further supported by Garden Grove Park and proximity to Bolsa Grande High School, making the property well-suited for a broad renter demographic. 13392 Magnolia Street represents a stabilized, turn-key acquisition opportunity for investors seeking a well-located, fully renovated multifamily asset in a supply-constrained Orange County submarket.