11662 Magnolia Street, Garden Grove, California 92841, Garden Grove, 92841 - 7 bed, 5 bath

11662 Magnolia Street, Garden Grove, California 92841 home-pic-0
ACTIVE$1,450,000
11662 Magnolia Street, Garden Grove, California 92841
7Beds
5Baths
2,520Sqft
7,200Lot
Year Built
1955
Close
-
List price
$1.45M
Original List price
$1.47M
Price/Sqft
$575
HOA
-
Days on market
-
Sold On
-
MLS number
PW25192985
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.45M(91th), sqft - 2520(96th), beds - 7(96th), baths - 5(96th).

Welcome to 11662 – 11666 Magnolia Street, an exceptional property offering two fully detached single-family homes on one lot. Perfect for multi-generational living, rental income, or 1031 exchange investors, this setup combines modern upgrades with privacy and convenience. Unit 1 – Brand-New ADU (Built in 2025) This newly constructed 4-bedroom, 2-bathroom Accessory Dwelling Unit spans approximately 1,200 sq. ft. and includes a detached 2-car garage. Designed with an open layout and modern finishes, this unit offers both comfort and efficiency. Projected rental income is approximately $4,000 per month. Unit 2 – Remodeled Main Residence The main home features 3 bedrooms and 2.5 bathrooms with approximately 1,320 sq. ft. of living space. Recently remodeled with new interior paint, updated kitchens, and bathrooms, this home is move-in ready and designed for low-maintenance living for years to come. Current rental income $3500/month Estimate Total Income: $7500/month. Key Features: Separate gas and electric meters for each unit Tenants pay all utilities Private driveway plus additional parking 11666 Magnolia enjoys private alley access, ensuring full separation and privacy between homes Ideal for for living in one and rent out one, or rent out both for stable streams of income Whether you plan to live in one unit and rent the other or build long-term wealth with two strong income streams, this property is a rare find in a high-demand market. Schedule a private showing today.

Price History

Date
Event
Price
09/30/25
Price Change
$1,450,000-1.4%
08/27/25
Listing
$1,470,000
Condition Rating
Excellent

This property features two units. Unit 1 is a brand-new ADU (built in 2025), which is clearly in excellent condition with modern finishes, new appliances, recessed lighting, and contemporary kitchens and bathrooms, as confirmed by the provided images. Unit 2, the main residence (built in 1955), is described as 'recently remodeled with new interior paint, updated kitchens, and bathrooms,' indicating a significant and recent renovation. While interior images for the main residence are not provided, the strong description of recent, extensive updates for both units, with one being brand new, places the overall property in excellent condition, meeting current quality standards with minimal depreciation.
Pros & Cons

Pros

Exceptional Income Potential: Two fully detached homes with separate meters and tenant-paid utilities generate an estimated $7,500/month, offering significant cash flow and investment return.
Brand-New ADU: A newly constructed (2025) 4-bedroom, 2-bathroom ADU with modern finishes and a detached 2-car garage provides contemporary living and strong rental appeal.
Remodeled Main Residence: The primary home features recent remodels including new paint, updated kitchens, and bathrooms, ensuring move-in readiness and reduced immediate maintenance for occupants.
Flexible Living & Investment: The property offers versatile options for multi-generational living, owner-occupancy with rental income, or a pure investment play with two stable income streams.
Enhanced Privacy & Parking: Separate driveways, additional parking, and private alley access for one unit ensure distinct separation and privacy between the two residences.

Cons

Age of Main Structure: The main residence, built in 1955, despite recent remodels, may still have underlying older infrastructure (e.g., plumbing, electrical, foundation) that could require future attention.
Recent Price Reduction: A recent price drop from $1.47M to $1.45M could suggest initial overpricing or a slower-than-anticipated market reception.
Limited Private Outdoor Space: With two detached homes and a garage on a 7,200 sq ft lot, individual private yard space for each unit might be constrained, potentially impacting tenant appeal for those seeking larger outdoor areas.

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