$2,195,000
$100K PRICE DROP

13262 Verde St Garden Grove, CA 92844

Estimated payment $13,889/month

Total Views 6,468
6 Beds
5 Baths
4,218 Sq Ft
$520 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Sunnyside Elementary School Rated A

About This Home

13262 Verde Street is a 4-unit multifamily investment property located in Garden Grove, CA. 13262 Verde Street is available in conjunction with 13282 Verde Street, a 4-unit multifamily property located just two parcels down from 13262 Verde Street. 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.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 06/18/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,218 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 4668
  • Assessor Parcel Number 09821243
  • $1,189 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $905
  • Fuel Expense $905
  • Insurance Expense $4,200
  • Maintenance Expense $3,000
  • Trash Expense $905
  • Water Sewer Expense $906
  • New Taxes Expense $25,827
  • Operating Expense $40,637
  • Gross Income $146,820
  • Net Operating Income $101,778

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.64
  • Price Per Unit: 548750
  • Property Attached: No
  • Water Sewer Expenses: 906.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 09821243
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 520.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 905.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9583.20
  • Lot Size Acres: 0.2200

Multi Family

  • Electric Expense: 905.00
  • Fuel Expense: 905.00
  • Gross Income: 146820.00
  • Gross Multiplier: 14.95
  • Gross Operating Income: 142415.00
  • Gross Scheduled Income: 146820.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 0.2200 Acres
  • Maintenance Expense: 3000.00
  • Net Operating Income: 101778.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 40637.00
  • Operating Expense Percent: 28.50
  • Rent Control: No
  • Total Expenses: 40637.00
  • Vacancy Allowance: 4405
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25827.00
  • Tax Census Tract: 887.02
  • Tax Lot: 17
  • Tax Tract Number: 4668
  • TaxOtherAnnualAssessmentAmount: 1189.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $2,195,000 -4.4% $520 / Sq Ft
06/18/2025 06/18/25 For Sale $2,295,000 -- $544 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25136726

California Regional Multiple Listing Service (CRMLS)

APN: 098-212-43