13051 Monroe ST Garden Grove, CA 92844

Drive-by ONLY. Do not disturb tenants. Contact agent for showing and additional questions. We are pleased to present a value-add multi-family investment opportunity located at 13051 Monroe Street in the city of Garden Grove, California. Property consists of four (4) units offering 5,056 square feet of living space situated on a 10,048 square foot lot. Built in 1978, the property is comprised of 2 – 3 bedroom/2.5 bathroom units and 2 – 2 bedroom/2 bathroom units. The 3 bedroom units both have private 2 car garages while the 2 bedroom units are allocated a single private garage. Most residents are long term tenants who have been living at the property for several years. All units rents are significantly below current market rate, conservatively about 30%. All units are large and offer ample living space with average unit size over 1,000 sf.
13051 Monroe Street conveniently located within minutes of the 22 and 405 Freeways. Property greatest asset and appeal stems from its' locational convenience and close proximity to several national retailers (including Costco, Walmart, a Walmart Neighborhood Market, and H Mart) and companies, including In-N-Out Burger, Raising Canes, Starbucks Coffee, Little Caesars Pizza, Del Taco, Denny's, and more). Furthermore, the property is located the Koreatown area of Westminster and Garden Grove.