UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26042968
HOA Y/N No
Year Built 1963
Lot Size 7,840 Sqft
Property Sub-Type Quadruplex
Property Description
Welcome to 13391 Palm Street, a well-maintained four-unit multifamily property located in the highly desirable City of Garden Grove. Offering a strong combination of stable income, functional unit layouts, and recent capital improvements, this property presents an excellent opportunity for both seasoned investors and 1031 exchange buyers.
The property features four spacious units with a desirable mix of floor plans. The front unit stands apart with its single-story layout, fireplace, 2 bedrooms, 2 bathrooms, and private outdoor spaces including a gated wraparound front patio and secluded rear patio. The two middle units each offer a popular two-story design with 2 bedrooms, 1.5 bathrooms, open-concept living areas, and private front and rear patios. The end unit provides additional privacy and the convenience of direct garage access from within the residence.
Each unit includes two dedicated parking spaces, consisting of one covered and one uncovered space. Ownership has diligently maintained the property, including a recent full repipe, helping minimize future maintenance concerns and operating expenses.
Ideally situated near major freeways, shopping, dining, employment centers, and Orange County's most sought-after attractions, this asset benefits from a highly accessible and desirable location that continues to attract long-term tenants.
With established tenancy, strong rental demand, and pride of ownership throughout, 13391 Palm Street offers investors a rare opportunity to acquire a quality multifamily asset in one of Orange County's most resilient rental markets.
Location
State CA
County Orange
Area 64 - Garden Grove E Of Euclid, W Of Harbor
Interior
Heating Central, Fireplace(s)
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Parking Features Assigned, Covered, Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link
Pool None
Community Features Curbs
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 10135140
Energy Description 1080.0
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Submit, VA Loan
Special Listing Condition Standard
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