13711 Magnolia, Garden Grove, California 92844, Garden Grove, 92844 - 0 bed, 0 bath
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Garden Grove, California 92844
This High-Yield Residential Income Triplex represents a Prime Investment Opportunity with a List Price of $1,399,000—positioned well below the $1,444,401 Fair Market Value by 3%. This valuation provides $45,401 in Instant Equity. Boasting a Condition Rating of 3, the asset generates over $7,500 in monthly income via stable Section 8 tenancies. Located in the heart of Little Saigon, the property features private garages, onsite laundry, and a remodeled unit. This is a turnkey acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13711 Magnolia Subject | $1,399,000* List Price | 0 | 0 | 2,769 | $522 | - |
A 13141 Monroe Street Active | $1,599,999 List Price | 0 | 0 | 3,169 | $505 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This triplex is move-in ready and well-maintained. Although built in 1976, the property shows significant updates; specifically, one unit was fully remodeled two years ago with modern white shaker cabinets, recessed lighting, and updated bathroom vanities and tile. The other units appear clean with functional kitchens and durable tile or laminate flooring, indicating consistent upkeep and minimal deferred maintenance.
Situated in the heart of Little Saigon near the Asian Garden Mall and 22 freeway, this property occupies a high-demand rental market with exceptional proximity to cultural hubs, dining, and shopping.
The triplex generates a robust monthly income of over $7,500 with all units occupied by Section 8 tenants, ensuring consistent and reliable government-backed rental payments.
The property features individual one-car garages for each tenant and an onsite coin-operated laundry room, providing both essential parking and an additional source of passive income for the landlord.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8452.
The 'drive-by only' restriction and requirement of an offer prior to interior inspection may deter some buyers and complicates the initial assessment of the units' physical condition.
While gas and electricity are metered separately, the landlord remains responsible for water, trash, and common area electricity, which can fluctuate and impact the overall net operating income.
GREAT INVESTMENT OPPORTUNITY!!! Located right in the heart of LITTLE SAIGON: 3 UNITS, 13711, 13713 & 13715 Magnolia with 2 bed/1 bath each, and total income is little over $7500/month. Total living sqft for 3 units is 2769 sqft and lot size is 8276 sqft. All 3 tenants are currently with Housing assistant/ Section 8. Separate meters for gas and electricity. Tenants pay gas and electricity. Landlord pays trash, insurance, water and small electricity bill for common area. All 3 units are well kept. The middle unit 13713 was fully remodeled and upgraded 2 years ago. Coin-operated laundry room is onsite for extra income, and each tenant has their own 1 car-garage. Located only few minutes to PHUOC LOC THO (Asian Garden Mall), great schools, shopping centers, excellent dining areas and 22 freeway.
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 | 2,769 | 4,301 | 33% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $1.40M | $1.79M | 33% |
| Price per sq ft | $505 | $453 | 67% |
| Built year | 1976 | 1976 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 56 | 33% |
Mar 18, 2026
$1,399,000
Initial Listing
Jan 5, 2022
$990,000
Public Record
Jul 8, 1994
$230,000
Public Record