13392 Magnolia St

Garden Grove, CA 92844

$6,650,000
Price
11
Beds
25
Baths
14,879 Sq. Ft.
$447 / Sq. Ft.
14,879
Sq. Ft.
$447
per Sq. Ft.
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Description

13392 Magnolia Street is a 15-unit multifamily community located in Garden Grove, California. Originally comprised of 11 apartments and a single-family home, the property was thoughtfully expanded in 2022 with the addition of three brand-new accessory dwelling units (ADU). Today, the community features a highly desirable and diverse mix of 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. Residents...13392 Magnolia Street is a 15-unit multifamily community located in Garden Grove, California. Originally comprised of 11 apartments and a single-family home, the property was thoughtfully expanded in 2022 with the addition of three brand-new accessory dwelling units (ADU). Today, the community features a highly desirable and diverse mix of 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. Residents enjoy a variety of amenities including a spacious courtyard, nine units with private patios, two units with private yards, an on-site laundry facility, and a combination of garage, tuck-under, and surface parking options. The community’s original units have been extensively renovated with dual-pane windows, ceiling fans, recessed lighting, granite countertops, shaker-style cabinets, stainless steel appliances, vinyl flooring, and more. The newly constructed ADUs further elevate the property with high-quality finishes such as quartz countertops, modern bathroom vanities, and efficient mini-split or central air conditioning systems, offering a modern and attractive living environment. 13392 Magnolia Street benefits from its prime Garden Grove location. To the northeast, tenants enjoy convenient access to Hanmi Plaza, while the H Mart anchored retail center at Garden Grove Boulevard and Magnolia Street provides everyday shopping and dining options just minutes away. To the south, the property is positioned near the vibrant cultural hub of Little Saigon, offering a rich mix of restaurants, retail, and community amenities. Families are supported by proximity to Bolsa Grande High School, while outdoor recreation is available nearby at Garden Grove Park. Furthermore, the property offers excellent regional connectivity with direct access to State Route 22, linking residents to employment and entertainment hubs throughout Orange and Los Angeles Counties. This offering presents investors with the opportunity to acquire a well-located, fully improved multifamily community in the heart of Garden Grove.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 13392 Magnolia Street

Parking Spaces Total
28
Private Pool
No
Total Units
15.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
14879
Assessor Parcel Number
098-023-65
Property Attached YN
false
LISTING UPDATED: 09/10/2025 07:06 AM

Property Details for 13392 Magnolia Street

StatusActive
MLS #OC25214241
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1951
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 13392 Magnolia Street

Building/Complex13392 Magnolia StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1951Building Size-

Payment Calculator

$36,414 per month

30 year fixed, 6.28% Interest

Principal and Interest

$32,860

Property Taxes

$3,554

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13392 Magnolia Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $504,374
  • Gross Scheduled Income: $494,228
  • Vacancy Allowance: 14827
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $479,402
  • Net Operating Income: $335,073
  • Other Income 1: $10,146
  • Gross Multiplier: 13.18
  • Cap Rate: 5.04
Expense Details
  • Operating Expense: $154,475
  • Operating Expense Percent: 31.60%
  • New Taxes Expense: $78,247
  • Fuel Expense: $5,124
  • Electric Expense: $5,125
  • Insurance Expense: $12,000
  • Maintenance Expense: $12,000
  • Professional Management Expense: $18,358
  • Trash Expense: $5,124
  • Water Sewer Expense: $5,124
  • Total Expenses: $154,475
Tax / Assessment Info
  • Tax Tract Number: 088801
  • CFD/Mello-Roos Fee: $3,773
  • Tax Lot: 0605
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 098-023-66
  • Lot Features: Level with Street
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Uncovered Spaces: 18
  • Open Other Spaces Total: 18
  • Parking Garage Spaces: 9
  • Carport Spaces: 1
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $12,045
  • Unit Type Total Rent: $12,045
  • Unit Type Pro Forma: 12475
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $21,632
  • Unit Type Total Rent: $21,632
  • Unit Type Pro Forma: 22360
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,595
  • Unit Type Total Rent: $3,595
  • Unit Type Pro Forma: 3595
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,914
  • Unit Type Total Rent: $3,914
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1

Property History for 13392 Magnolia Street

DateEvent & SourcePriceAppreciation
Sep 10, 2025

Listed (Active)

CRMLS #OC25214241

$6,650,000—
Sep 10, 2025

Listed (Active)

SDMLS #OC25214241

$6,650,000—
Sep 10, 2025

Listed (Active)

CLAW #OC25214241MR

$6,650,000—
Oct 30, 2020

Sold

SDMLS #PW20136994

$3,400,000—
Oct 30, 2020

Sold

CRMLS #PW20136994

$3,400,000—
Oct 30, 2020

Sold

CLAW #PW20136994MR

$3,400,000—
Oct 28, 2020

Pending

CRMLS #PW20136994

—
Aug 31, 2020

Accepting Backup Offers

CRMLS #PW20136994

—
Aug 31, 2020

Pending

CLAW #PW20136994MR

—
Aug 31, 2020

Pending

CRMLS #PW20136994

—
Aug 31, 2020

Pending

SDMLS #PW20136994

—
Aug 31, 2020

Accepting Backup Offers

CRMLS #PW20136994

—
Aug 31, 2020

Accepting Backup Offers

SDMLS #PW20136994

—
Aug 13, 2020

Listed (Active)

CRMLS #PW20136994

—
Aug 13, 2020

Listed (Active)

SDMLS #PW20136994

—
Aug 3, 2020

Accepting Backup Offers

CRMLS #PW20136994

—
Aug 3, 2020

Accepting Backup Offers

SDMLS #PW20136994

—
Jul 12, 2020

Listed (Active)

SDMLS #PW20136994

$3,600,000—
Jul 12, 2020

Listed (Active)

CLAW #PW20136994MR

$3,600,000—
Jul 12, 2020

Listed (Active)

CRMLS #PW20136994

$3,600,000—
DateEvent & SourcePrice
09/10/2025

Listed (Active)

CRMLS #OC25214241

$6,650,000
09/10/2025

Listed (Active)

SDMLS #OC25214241

$6,650,000
09/10/2025

Listed (Active)

CLAW #OC25214241MR

$6,650,000
10/30/2020

Sold

SDMLS #PW20136994

$3,400,000
10/30/2020

Sold

CRMLS #PW20136994

$3,400,000
10/30/2020

Sold

CLAW #PW20136994MR

$3,400,000
10/28/2020

Pending

CRMLS #PW20136994

—
08/31/2020

Accepting Backup Offers

CRMLS #PW20136994

—
08/31/2020

Pending

CLAW #PW20136994MR

—
08/31/2020

Pending

CRMLS #PW20136994

—
08/31/2020

Pending

SDMLS #PW20136994

—
08/31/2020

Accepting Backup Offers

CRMLS #PW20136994

—
08/31/2020

Accepting Backup Offers

SDMLS #PW20136994

—
08/13/2020

Listed (Active)

CRMLS #PW20136994

—
08/13/2020

Listed (Active)

SDMLS #PW20136994

—
08/03/2020

Accepting Backup Offers

CRMLS #PW20136994

—
08/03/2020

Accepting Backup Offers

SDMLS #PW20136994

—
07/12/2020

Listed (Active)

SDMLS #PW20136994

$3,600,000
07/12/2020

Listed (Active)

CLAW #PW20136994MR

$3,600,000
07/12/2020

Listed (Active)

CRMLS #PW20136994

$3,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13392 Magnolia Street

Taxable ValueLand$2,868,446Additions$491,481Total$3,359,927
Tax Record2025$42,652 ($3,554 / month)
Home Facts
Lot Size27,605 SqFtStyleMulti-Family Dwelling (2-4)CountyORANGEAPN098-023-65

Schools near 13392 Magnolia Street

This home is within Garden Grove Unified School District.
Rating
School
Type
Grades
Distance
Sunnyside Elementary School
Public - K to 6
Donald S. Jordan Intermediate School
Public - 7 to 8
Bolsa Grande High School
Public - 9 to 12
Jordan Secondary Learning Center
Public - 12
Rating
School
Distance
Sunnyside Elementary School
PublicK to 6

Donald S. Jordan Intermediate School
Public7 to 8

Bolsa Grande High School
Public9 to 12

Jordan Secondary Learning Center
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 13392 Magnolia Street, Garden Grove, CA 92844

13392 Magnolia Street is a multi-family home for sale in Garden Grove, CA 92844. This property was listed for sale on September 10, 2025 by Marcus & Millichap RE Invest, it's currently listed at $6,650,000. It has been on the market for a total of 96 days and was last sold on October 30, 2020. This listing's school district is Garden Grove Unified School District. Nearby schools include Sunnyside Elementary School, Donald S. Jordan Intermediate School and Bolsa Grande High School. 13392 Magnolia Street is a 11-bed, 25-bath, 14,879 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.