
Garden Grove, California 92841
This Dual-Income Turnkey Asset is listed at $1,450,000—positioned well below the $1,475,836 Fair Market Value by 1%. This valuation gap offers $25,836 in Instant Equity for buyers. Featuring a brand-new 2025 ADU and a remodeled main residence, the property boasts a Condition Rating of 2 and generates approximately $7,235 in monthly rental income. With private alley access, a spacious patio, and a location within the Garden Grove Unified district, it perfectly balances high-yield potential with modern multi-generational living. This is an ideal acquisition for House-Hackers or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11662 Magnolia Street Subject | $1,450,000* List Price | 7 | 4 | 2,520 | $575 | - |
A 9022 Marlene Avenue Active | $1,490,000 List Price | 6 | 4 | 2,106 | $708 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new 2025 ADU and a recently remodeled main residence. Both units offer modern kitchens, renovated bathrooms, and contemporary finishes throughout, meeting the criteria for a fully updated or newly built property with no deferred maintenance.
The property features two fully detached homes on a single lot, generating a substantial combined monthly rental income of approximately $7,235, making it an exceptional asset for investors or house-hackers.
With a brand-new 2025 ADU and a recently remodeled main residence, the property offers modern finishes and energy-efficient features, significantly reducing the need for immediate capital expenditures or repairs.
Both units are fully detached with separate addresses and private alley access for the rear unit, providing a level of autonomy and privacy rarely found in multi-unit residential configurations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2520, other record living area = 1320. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
The $1.45M list price represents a high entry point for the Garden Grove area, which may limit the buyer pool to seasoned investors or high-budget multi-generational families.
Accommodating two detached residences and a two-car garage on a 7,200 sq. ft. lot results in high density and reduced yard space for each unit compared to traditional single-family homes.
Welcome to 11662–11666 Magnolia Street, Garden Grove — a rare opportunity to own two fully detached single-family homes on one lot, each with its own address and privacy. Ideal for multi-generational living, house hacking, rental income, or 1031 exchange investors, this property offers modern upgrades, strong cash flow, and long-term flexibility. Unit 1 – Newly Built ADU (2025) This brand-new 4-bedroom, 2-bathroom ADU offers approximately 1,200 sq. ft. of contemporary living space and includes a detached 2-car garage. Designed with an open floor plan, modern finishes, and energy-efficient features, this unit delivers both comfort and functionality. Current Rent: ~$3,550/month Unit 2 – Remodeled Main Residence The main home features 3 bedrooms and 2.5 bathrooms across approximately 1,320 sq. ft. Recently remodeled with fresh interior paint, updated kitchen, and renovated bathrooms, this home is move-in ready and built for low-maintenance living. Current rent: $3,700/month Financial Highlights Estimated total monthly income: ~$7,250 Tenants pay all utilities Property Features Two fully detached homes with excellent privacy Private driveway + additional parking 11666 Magnolia includes private alley access, creating full separation between units Ideal for owner-occupants, dual-rental income, or long-term investment strategy Whether you live in one and rent the other, or rent both for consistent cash flow, this is a high-demand Garden Grove asset that checks every box for today’s buyers and investors. Schedule your private showing today — opportunities like this are rare.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,520 | 1,568 | 93% |
| Lot Size | 7,200 | 8,425 | 23% |
| Price | $1.45M | $1.10M | 93% |
| Price per sq ft | $575 | $657 | 28% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 165 | 20% |
Jan 21, 2026
$1,450,000
Initial Listing
Jan 19, 2024
$802,000
Public Record
Jun 23, 2006
$585,000
Public Record