13051 Monroe Street 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.
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