13141 Monroe Street, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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Garden Grove, California 92844
This Income-Generating Multi-Family Asset is listed at $1,599,999, aligning with its $1,548,039 Fair Market Value. The property features a massive 5-bedroom back house built in 1990 and a 2-bedroom front unit, both maintaining a Fair Condition Rating with significant potential for forced appreciation through interior modernization. Situated on a 10,019 sqft lot in a High-Demand Rental Area, the asset provides immediate cash flow via existing long-term tenants. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable, high-capacity rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13141 Monroe Street Subject | $1,599,999* List Price | 0 | 0 | 3,169 | $488 | - |
A 13711 Magnolia Active | $1,399,000 List Price | 0 | 0 | 2,769 | $505 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two units: a front house built in 1943 and a back house built in 1990. While the back house is newer, both units show significant signs of being outdated. The kitchens feature older wood cabinets, dated countertops, and a mix of older and newer appliances. Bathrooms are functional but basic, with older vanities, fixtures, and tile surrounds. Flooring is primarily ceramic tile and some laminate, consistent with older renovations. The overall condition suggests regular upkeep but no major modern renovations in the last 15-30 years, aligning with the 'fair' category where major components are functional but show signs of being outdated and minor updates are required.
The property is a multi-family dwelling with existing long-term tenants on lease, providing immediate rental income and investor appeal.
Located in a high-demand rental area, indicating strong potential for consistent occupancy and favorable rental rates.
Features two distinct units, including a 'huge' 5-bedroom, 3.5-bath, 2-story back house and a 2-bedroom, 2-bath front house with a loft, catering to various tenant needs.
Multiple price reductions and the explicit mention of 'quick sale' suggest potential overpricing or difficulty in attracting buyers, which could indicate market resistance or perceived value issues.
The 'drive by only' instruction with offers subject to interior inspection significantly limits buyer due diligence and may deter serious prospects, potentially masking interior conditions.
The front house, built in 1943, is considerably older, which could imply outdated systems, potential for deferred maintenance, and higher renovation costs for modernization.
Reduce, reduce, and reduce price for a quick sale. 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,169 | 4,301 | 33% |
| Lot Size | 10,019 | 9,201 | 67% |
| Price | $1.60M | $1.79M | 33% |
| Price per sq ft | $505 | $453 | 67% |
| Built year | 1943 | 1963 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 311 | 206 | 0% |
Jan 7, 2026
$1,599,999
$1,700,000
-6% Price Drop
Initial Listing
Aug 9, 2025
$1,700,000
Initial Listing