13252 Verde Avenue, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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13252 Verde Avenue
Garden Grove, California 92844
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,061Sq Ft
10,077Lot Size
Property Price
LIST PRICE$1,800,000
EST. MARKET VALUE
$1,838,211
SUMMARY
This four-unit Prime Investment Opportunity is listed at a List Price of $1,800,000, positioned well below the $1,838,211 Fair Market Value by 2%. This valuation gap provides $38,211 in Instant Equity. With a Condition Rating of 4, the property features a favorable unit mix and ample parking, though it requires capital improvements to modernize aging infrastructure. This asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking to leverage the generous lot size for long-term growth.
Estimated Market Value
$1,838,211
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13252 Verde Avenue Subject 0 bd · 0 ba · 4,061 sqft · $453 | $1,800,000* List Price | 0 | 0 | 4,061 | $453 | - |
A 13261 Verde Sold 0 bd · 0 ba · 4,301 sqft · $453 · 0.0 mi | $1,950,000 | 0 | 0 | 4,301 | $453 | 0.0 mi |
B 13282 Fletcher Street Active 0 bd · 0 ba · 4,152 sqft · $432 · 0.1 mi | $1,795,000 List Price | 0 | 0 | 4,152 | $432 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1961, this 63-year-old property is functional but dated. The listing lacks mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric), and exterior photos show older aluminum window frames and original architectural features consistent with a property needing cosmetic and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Unit Mix
The property features larger floor plans, including three 2-bedroom units and one 3-bedroom unit, which typically attract stable, long-term tenants and command higher rental premiums compared to smaller units.
- Ample Parking and Amenities
With five garages for four units plus on-site laundry and private outdoor spaces, the property offers high-demand conveniences that enhance tenant retention and overall property value.
- Generous Lot Size
Situated on a ±10,077-square-foot lot, the property provides a low-density feel and potential for future value-add opportunities or ADU development in a high-demand Garden Grove submarket.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4061, other record living area = 4116.
- Aging Infrastructure
Built in 1961, the property may require significant capital improvements to major systems such as plumbing, electrical, or roofing to maintain modern safety and efficiency standards.
- Investment Yield Compression
At a list price of $1.8 million, the initial cap rate may be tight for investors, requiring aggressive management or further renovations to achieve a competitive return on investment.
About 13252 Verde Avenue
13252 Verde Street offers an opportunity to acquire a well-positioned four-unit multifamily property in Garden Grove. Built in 1961, the property consists of approximately ±4,061 square feet situated on a ±10,077-square-foot lot. The unit mix features three 2-bedroom residences and one 3-bedroom residence, providing larger floor plans that appeal to a broad tenant base. The property also includes five garages, on-site laundry, patio, and deck areas, enhancing convenience and livability for residents.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1961
- Lot Size
- 10,077 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 4,061 | 3,791.167 |
| Lot Size | 10,077 | 8,960.833 |
| Price | $1.80M | $1.66M |
| Price per sq ft | $443 | $453 |
| Built year | 1961 | 1959 |
| HOA | $0 | $0 |
| Days on market | 39 | 63 |
Pricing History
Listed for Sale
Sep 16, 2026
$1,800,000
Initial Listing
Sold
May 15, 1998
$302,000
Public Record