13051 Monroe Street

Garden Grove, CA 92844

$1,800,000
Last Sold Price
10
Beds
10
Baths
5,056 Sq. Ft.
$356 / Sq. Ft.
5,056
Sq. Ft.
$356
per Sq. Ft.

Description

Drive-by ONLY. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a value-add multi-family investment opportunity located at 13051 Monroe Street in the city of Garden Grove, California. Property consists of four (4) units offering 5,056 square feet of living space situated on a 10,048 square foot lot. Built in 1978, the property is comprised of 2 – 3 bedroom/2.5 bathroom units and 2 – 2 bedroom/2 bathroom units. The 3 bedroom units both have private...Drive-by ONLY. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a value-add multi-family investment opportunity located at 13051 Monroe Street in the city of Garden Grove, California. Property consists of four (4) units offering 5,056 square feet of living space situated on a 10,048 square foot lot. Built in 1978, the property is comprised of 2 – 3 bedroom/2.5 bathroom units and 2 – 2 bedroom/2 bathroom units. The 3 bedroom units both have private 2 car garages while the 2 bedroom units are allocated a single private garage. Most residents are long term tenants who have been living at the property for several years. All units rents are significantly below current market rate, conservatively about 30%. All units are large and offer ample living space with average unit size over 1,000 sf.
13051 Monroe Street conveniently located within minutes of the 22 and 405 Freeways. Property greatest asset and appeal stems from its’ locational convenience and close proximity to several national retailers (including Costco, Walmart, a Walmart Neighborhood Market, and H Mart) and companies, including In-N-Out Burger, Raising Canes, Starbucks Coffee, Little Caesars Pizza, Del Taco, Denny’s, and more). Furthermore, the property is located the Koreatown area of Westminster and Garden Grove.
  1. Listed by Shang Shang • DRE #02040393 • Brokerage DRE #01430290 • Keller Williams - Los Feliz

Property Details for 13051 Monroe Street

Parking Spaces Total
6
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5056
Assessor Parcel Number
097-011-15
Property Attached YN
true

Location

Listing Courtesy of Keller Williams - Los Feliz, Shang Shang, DRE #02040393

Sold By Alta Realty Group CA, Inc., Mel Truong, DRE #02069061

Add your commute
LISTING UPDATED: 08/20/2022 10:36 AM

Property Details for 13051 Monroe Street

StatusClosed
MLS #TR22122041
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.23 AC / 10,067 SF
CountyOrange County

Location

Listing Courtesy of Keller Williams - Los Feliz, Shang Shang, DRE #02040393

Sold By Alta Realty Group CA, Inc., Mel Truong, DRE #02069061

Add your commute

Building Information for 13051 Monroe Street

Stories-Residences-Year Built1978Building Size-Lot Size0.23 AC / 10,067 SF

Payment Calculator

$11,662 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,839

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13051 Monroe Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $99,064
  • Gross Scheduled Income: $97,524
  • Gross Operating Income: $99,064
  • Net Operating Income: $72,265
  • Financing: Conventional
Expense Details
  • Operating Expense: $26,799
  • Insurance Expense: $6,991
  • Trash Expense: $2,246
  • Water Sewer Expense: $3,137
  • Total Expenses: $26,799
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 1060
  • Tax Census Tract: 888.01
  • CFD/Mello-Roos Fee: $1,108
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Garden, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Monroe Townhomes
  • Builders Tract Code: Monroe Townhomes (MONT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $30,000
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,354
  • Unit Type Total Rent: $28,248
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $19,800
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,623
  • Unit Type Total Rent: $19,476
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 13051 Monroe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 13051 Monroe Street

Taxable ValueLand$1,465,731Additions$314,269Total$1,780,000
Tax Record2023$22,070 ($1,839 / month)
Home Facts
Total Finished SqFt5,056 SqFtAbove Grade Finished SqFt5,056 SqFtLot Size10,048 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyORANGEAPN097-011-15

Schools near 13051 Monroe Street

This home is within Westminster Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Meairs Elementary School
PublicK to 5

Warner Middle School
Public6 to 8

Westminster High School
Public9 to 12

Coast High School
Public9 to 12

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.

Similar Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams - Los Feliz, Shang Shang, DRE #02040393

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.