Price Reduction
Address
13151 Monroe Street Garden Grove, CA
Price
$ 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 |
Amenities
- 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
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 16, 2021 9:49 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
