Price Reduction
13151 Monroe Street Garden Grove, CA
$ 9,900,000
Property Attributes
  • MLS#PW20224195
  • TypeIncome
  • CountyORANGE
  • CityGarden Grove
  • AreaN of Blsa - S of GGrv - E of Bch - W of Brookhrs
  • NeighborhoodMonroe Townhomes
  • Zip92844
  • Style
  • Price$ 9,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24030
  • Lot Size1.08 Acres
Listing Provided Courtesy Of:
Shane Young with Marcus & Millichap.
Property Description

We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sf. It has been meticulously maintained with over $1,375,000 in luxurious interior & exterior renovations that has attracted a top notch tenant base to ensure a reliable stream of cash flow. Every unit has been upgraded with high-end vinyl plank flooring, stainless steel appliances, quartz counter tops, durable white-modern cabinets, modern lighting throughout, double-pane noise reducing vinyl windows & modern white interior design paint scheme. The tenants enjoy oversized private balconies, generous private yards, a well-groomed common area courtyard equipped with barbeques, quaint and well-lit seating area, a sparkling pool and spa, as well as drought resistant low maintenance landscape. Additionally, the tenants benefit from 24 garage spaces as well as 26 surface spots. Monroe is a unique opportunity that combines the strong demographics and market conditions of this Orange County submarket with luxurious, strategic upgrades to attract the highest quality tenants in the most sought after location. Monroe will prove to be a high-yielding stable investment for years to come. Contact Listing agent for Marketing Package.

Price History
10/27/2020 Listed $10,100,000
1/6/2021 2% - $9,900,000

General Features

Attached Structure Attached
Community Features Curbs
Directions Monroe Street & Larson Avenue
Garage Spaces 24.00
Listagentaor Pacific West
Listing Agent Shane Young - BRE#01963090
Listing Agent State License 01963090
MLS Area 65 - N of Blsa, S of GGrv, E of Bch, W of Brookhrs
Pool Features Community
Price Per Square Foot 411.99
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Spa Features Community
Special Listing Conditions Standard
Subdivision Name Monroe Townhomes (MONT)
Subdivision Name Monroe Townhomes (MONT)
Total Units 24

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 24030.00
Lot Features Cul-De-Sac, Level with Street
Lot Size Acres 1.0842
Lot Size Area 47227.0000
Lot Size Source Assessor
Lot Size Square Feet 47227.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 25
Number of Separate Gas Meters 25
Number of Separate Water Meters 1
Numberofrentedgarages 24
Spa Yes
Total Parking 50.00
Uncovered Spaces 26.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92844

AVG $3.43M
AVG 43
Year Built
AVG 1963

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