13871 Shady Lane

Garden Grove, CA 92843

$7,740,000
Last Sold Price
3
Beds
30
Baths
18,690 Sq. Ft.
$414 / Sq. Ft.
18,690
Sq. Ft.
$414
per Sq. Ft.

Description

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...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.
  1. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian
  2. Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 13871 Shady Lane

Parking Spaces Total
39
Private Pool
No
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
18690
Assessor Parcel Number
101-142-01
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

Sold By ReMax 2000 Realty, Katie Chai, DRE #01457862

Add your commute
LISTING UPDATED: 08/17/2022 04:55 AM

Property Details for 13871 Shady Lane

StatusClosed
MLS #PW22090275
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.89 AC / 38,786 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

Sold By ReMax 2000 Realty, Katie Chai, DRE #01457862

Add your commute

Building Information for 13871 Shady Lane

Stories2Residences-Year Built1986Building Size-Lot Size0.89 AC / 38,786 SF

Payment Calculator

$50,300 per month

30 year fixed, 7.25% Interest

Principal and Interest

$42,240

Property Taxes

$8,060

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13871 Shady Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $136,472
  • Gross Scheduled Income: $492,900
  • Vacancy Allowance: 14787
  • Net Operating Income: $313,327
  • Garage Income: $350
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $164,786
  • New Taxes Expense: $102,945
  • Gardener Expense: $4,796
  • Fuel Expense: $5,697
  • Electric Expense: $5,697
  • Insurance Expense: $4,567
  • Maintenance Expense: $28,687
  • Maintenance Percent: 6.00%
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Other Expense Description: Misc
  • Trash Expense: $5,697
  • Water Sewer Expense: $5,697
  • Total Expenses: $164,786
Tax / Assessment Info
  • Tax Tract Number: 832
  • Tax Census Tract: 891.02
  • CFD/Mello-Roos Fee: $3,966
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 30
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Garage Spaces: 30
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,715
  • Unit Type Total Rent: $40,725
  • Unit Type Pro Forma: 2995
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1

Property History for 13871 Shady Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 13871 Shady Lane

Taxable ValueLand$5,740,000Additions$2,000,000Total$7,740,000
Tax Record2023$96,721 ($8,060 / month)
Home Facts
Total Finished SqFt1,016 SqFtAbove Grade Finished SqFt1,016 SqFtStories1Lot Size36,626 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947CountyORANGEAPN101-142-01

Schools near 13871 Shady Lane

This home is within Garden Grove Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Clinton-Mendenhall Elementary School
PublicK to 6

Leroy L. Doig Intermediate School
Public7 to 8

Santiago High School
Public9 to 12

James Monroe Elementary School
PublicK to 6

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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Similar Sold 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 Morgan Skenderian, Rick Applebaum, DRE #01273871; Morgan Skenderian, Paul Espinosa, DRE #01942627

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.