
Garden Grove, California 92843
This Quadruplex Income Property is a strategic multi-family asset listed at $1,930,000, reflecting a stable valuation relative to its $1,861,882 Fair Market Value. With a Condition Rating of 4, the property is well-maintained and features essential upgrades like recent repiping for long-term peace of mind. The front unit is delivered vacant, offering a spacious layout with a private patio and fireplace, ideal for maximizing residential financing. Located in the Garden Grove Unified district, it offers high rental appeal. This is a standout choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13391 Palm Street Subject | $1,930,000* List Price | 0 | 0 | 4,492 | $419 | - |
A 11712 Stuart Drive Active | $1,850,000 List Price | 0 | 0 | 4,742 | $390 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this quadruplex is described as well-maintained and recently repiped, which addresses major system concerns. However, the exterior images show clear signs of age, including weathered garage doors and dated stucco. The lack of interior photos typically indicates that kitchens and bathrooms are likely functional but outdated, fitting the criteria for a property that is aged but maintained through regular upkeep without recent comprehensive renovations.
The front unit is delivered vacant, allowing a buyer to utilize favorable residential financing terms while benefiting from immediate rental income from the remaining three units.
The property has been recently repiped and is noted as well-maintained, significantly reducing the risk of immediate major plumbing expenses and providing peace of mind for the investor.
Each unit features private outdoor patio space and dedicated parking, with the front unit offering a spacious single-level layout and the end unit providing rare direct garage access.
Built in 1963, the property may require more frequent long-term maintenance or modernization to meet contemporary energy efficiency standards compared to newer developments.
With four units situated on a 7,841 sqft lot, there is limited room for further expansion or additional amenities, which may cap the long-term appreciation potential relative to larger lots.
Exceptional 8 -Bedroom, 4-Unit Investment Opportunity in the Heart of Orange County Welcome to 13391 Palm Street, a well-maintained four-unit multifamily property located in the highly desirable City of Garden Grove. Offering a strong combination of stable income, functional unit layouts, and recent capital improvements, this property presents an excellent opportunity for both seasoned investors and 1031 exchange buyers. The property features four spacious units with a desirable mix of floor plans. The front unit stands apart with its single-story layout, fireplace, 2 bedrooms, 2 bathrooms, and private outdoor spaces including a gated wraparound front patio and secluded rear patio. The two middle units each offer a popular two-story design with 2 bedrooms, 1.5 bathrooms, open-concept living areas, and private front and rear patios. The end unit provides additional privacy and the convenience of direct garage access from within the residence. Each unit includes two dedicated parking spaces, consisting of one covered and one uncovered space. Ownership has diligently maintained the property, including a recent full repipe, helping minimize future maintenance concerns and operating expenses. Ideally situated near major freeways, shopping, dining, employment centers, and Orange County's most sought-after attractions, this asset benefits from a highly accessible and desirable location that continues to attract long-term tenants. With established tenancy, strong rental demand, and pride of ownership throughout, 13391 Palm Street offers investors a rare opportunity to acquire a quality multifamily asset in one of Orange County's most resilient rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,492 | - |
| Lot Size | 7,841 | - |
| Price | $1.93M | $1.46M |
| Price per sq ft | $430 | $508 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 123 | 85 |
Mar 21, 2026
$1,930,000
Initial Listing
Jun 3, 2008
$780,000
Public Record