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13262 Verde St 4 Unit Apartment Building $2,145,000 ($536,250/Unit) 4.57% Cap Rate Garden Grove, CA 92844

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INVESTMENT HIGHLIGHTS

  • Substantial Upgrades Completed in 2024-2025 to Unit Interiors & the Exterior of the Property
  • Attractive Property Amenities Including Private Patios or Balconies (with Laundry Hookups) & Ample Garage Parking
  • Desirable Unit Mix Including 1, One-Bedroom Unit, 2, Two-Bedroom Townhome Units, & 1, Three-Bedroom Unit
  • Steps Away from the Plethora of Retail, Dining, & Entertainment Options at Hanmi Plaza & The Promenade

EXECUTIVE SUMMARY

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 13262 Verde Street, a 4-unit multifamily investment property located in Garden Grove, CA.
Located in central Garden Grove, 13262 Verde Street is uniquely placed in-close proximity of an abundance of popular shops and restaurants situated along Garden Grove Boulevard as well as Garden Grove’s Historic Main Street and the GARDEN AMP. The property is positioned within a 4-mile radius of many of Orange County’s top destinations and major employment hubs including Bella Terra, Disneyland, the Anaheim Convention Center, Little Saigon, and The Outlets at Orange, providing convenient access to top regional amenities. Furthermore, 13262 Verde Street’s proximity to State Route 22 provides residents with convenient access throughout Southern California.
Substantially renovated in 2024 & 2025, 13262 Verde Street offers an attractive mix of one, two, and three-bedroom units with high quality upgrades that set it apart from the competition. Upgrades include new quartz countertops, white shaker-style cabinets, modern appliances, recessed lighting, vinyl flooring, modern ceiling fans, fully updated bathrooms, and more. These upgrades have helped current ownership to lease all four units at premium, market-leading rental rates.
In summary, 13262 Verde Street’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With all units filled at market-leading rents, 13262 Verde Street represents an attractive opportunity for a new owner seeking a stabilized asset in a highly desirable Garden Grove location.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $146,820 $34.81
Other Income - -
Vacancy Loss $4,405 $1.04
Effective Gross Income $142,415 $33.76
Taxes $25,210 $5.98
Operating Expenses $19,110 $4.53
Total Expenses $44,320 $10.51
Net Operating Income $98,095 $23.26

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $146,820
Annual Per SF $34.81
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $4,405
Annual Per SF $1.04
Effective Gross Income
Annual $142,415
Annual Per SF $33.76
Taxes
Annual $25,210
Annual Per SF $5.98
Operating Expenses
Annual $19,110
Annual Per SF $4.53
Total Expenses
Annual $44,320
Annual Per SF $10.51
Net Operating Income
Annual $98,095
Annual Per SF $23.26

PROPERTY FACTS

Price $2,145,000
Price Per Unit $536,250
Sale Type Investment
Cap Rate 4.57%
Gross Rent Multiplier 14.95
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 4,218 SF
No. Stories 2
Year Built/Renovated 1963/2025
Parking Ratio 1.19/1,000 SF
Zoning R-3 - Multiple Family Residential

AMENITIES

UNIT AMENITIES

  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Freezer
  • Patio
  • Vinyl Flooring
  • Quartz Countertops

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 - 750
2+1.5 2 - 1,050
3+2 1 - 1,368
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
098-212-43
Land Assessment
$1,440,205
Improvements Assessment
$191,795
Total Assessment
$1,632,000
Annual Taxes
$25,210 ($5.98/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 36303622

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: 13262 Verde St, Garden Grove, CA 92844

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