13141 Monroe Street, Garden Grove, California 92844, Garden Grove, 92844 - bed, bath
ACTIVE$1,700,000
13141 Monroe Street, Garden Grove, California 92844
0Bed
0Bath
3,169Sqft
10,019Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This multi-family property, a duplex, is located in a high-demand rental area and features two distinct units (2bd/2ba + loft and 5bd/3.5ba), offering significant rental income opportunities.
Top Cons:
Limited Initial Access: The 'Drive by only. Offer subject to interior inspection' condition creates a significant barrier for potential buyers to thoroughly evaluate the property's interior condition before making an offer.
Compared to the nearby listings
Price:$1.70M vs avg $1.90M ($-200,000)50%
Size:3,169 sqft vs avg 3,436.5 sqft50%
Price/sqft:$536 vs avg $55250%
More Insights
Built in 1943 (82 years old).
Condition: The property consists of two units, with the front house built in 1943 and the back house in 1990. While the back house is newer, the visible interiors, including the kitchen and bathrooms, feature dated styles such as honey oak cabinets, ceramic tile flooring, laminate countertops, and basic light fixtures, suggesting renovations were done 15-30 years ago. The property appears functional and maintained, but requires minor updates to modernize its aesthetics and features. The 'drive by only' condition also implies the interior may not be in pristine, show-ready condition.
Year Built
1943
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
PW25179762
Home ConditionFair
Features
View-
About this home
Multi-Family with great long term tenants on a lease. Back house was built in 1990. Property located in a high demand rental area. Drive by only. Offer subject to interior inspection. Front house has 2bd/2ba, a loft, living room, Kitchen with ceramic tile floor and a 2 car garage; Back house is huge with 5bd/3.5ba; 2 story house with ceramic tile floor thru out; 2 car garage; Block wall surrounding the house. All cement drive way; Lot of fruits tree.
Condition Rating
Fair
The property consists of two units, with the front house built in 1943 and the back house in 1990. While the back house is newer, the visible interiors, including the kitchen and bathrooms, feature dated styles such as honey oak cabinets, ceramic tile flooring, laminate countertops, and basic light fixtures, suggesting renovations were done 15-30 years ago. The property appears functional and maintained, but requires minor updates to modernize its aesthetics and features. The 'drive by only' condition also implies the interior may not be in pristine, show-ready condition.
Pros & Cons
Pros
Strong Income Potential: This multi-family property, a duplex, is located in a high-demand rental area and features two distinct units (2bd/2ba + loft and 5bd/3.5ba), offering significant rental income opportunities.
Established Rental Income: The presence of 'great long term tenants on a lease' provides immediate and stable cash flow, reducing vacancy risk for an investor.
Newer, Large Back Unit: The back house, built in 1990, is described as 'huge' with 5 bedrooms and 3.5 baths, making it highly attractive to larger families and capable of commanding higher rent.
Generous Lot Size & Practical Features: A substantial 10,019 sqft lot, combined with an all-cement driveway, block wall, and fruit trees, enhances the property's usability, privacy, and curb appeal.
Dual Garages: Both the front and back units include a 2-car garage, providing valuable parking and storage solutions for tenants, which is a significant amenity.
Cons
Limited Initial Access: The 'Drive by only. Offer subject to interior inspection' condition creates a significant barrier for potential buyers to thoroughly evaluate the property's interior condition before making an offer.
Age of Front Unit: The front house was built in 1943, suggesting potential for older systems, deferred maintenance, or the need for substantial updates to meet modern standards and tenant expectations.
Tenant Management Considerations: While long-term tenants are a strength for income, managing existing leases and tenant relationships can present complexities for a new owner, including potential rent control implications or maintenance demands.