11662 Magnolia Street, Garden Grove, California 92841, Garden Grove, - bed, bath

home-pic
ACTIVE$1,499,000
11662 Magnolia Street, Garden Grove, California 92841
7Beds
4Baths
2,520Sqft
7,200Lot
Year Built
1955
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25130931
Home ConditionGood
Features
View-

About this home

Rare Dual-Unit Investment Opportunity in Prime Garden Grove Location Don’t miss this exceptional chance to own a truly rare two-unit property in one of Garden Grove’s most sought-after neighborhoods. Situated on a single lot, this investment features two fully detached single-family homes, offering incredible versatility for owner-occupants, investors, or 1031 exchange buyers. Unit 1 – Brand New ADU (Built in 2025) This newly constructed 4-bedroom, 2-bathroom Accessory Dwelling Unit offers approximately 1,200 sq. ft. of modern living space, complete with a detached 2-car garage. Designed with comfort and efficiency in mind, this unit is projected to command market rent of approximately $4,000/month. Unit 2 – Remodeled Main Residence The tastefully updated main home features 3 bedrooms and 2.5 bathrooms across approximately 1,340 sq. ft. of living space. Updates throughout provide a turnkey living experience. The private driveway accommodates up to three vehicles, and the current rental income is $3,500/month. Additional Highlights: Separate gas and electric meters for each unit Tenants pay all utilities Low-maintenance setup with recent construction and renovations Ideal for house hacking, multi-generational living, or long-term rental strategy This is a rare and versatile investment opportunity in a high-demand rental market. Whether you’re looking to offset your mortgage by living in one unit and renting the other, or seeking steady cash flow from both units, this property delivers. Opportunities like this are few and far between—schedule your showing today!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (49 Listings)
Beds73
96%
Baths42
94%
Square foot2,5201,533
96%
Lot Size7,2007,888
22%
Price$1.5M$1.08M
96%
Price per square foot$595$686
22%
Built year19559775978
58%
HOA
Days on market147149
50%
Condition Rating
Good

The property consists of two units: a newly built ADU (built in 2025) and a remodeled main residence. The ADU would be considered excellent condition. The main residence, while remodeled, was originally built in 1955. The images show modern kitchens and bathrooms in both units. The overall condition is good, considering the age of the original structure and the recent updates.
Pros & Cons

Pros

Dual-Unit Property: Rare opportunity to own two detached single-family homes on one lot, providing versatility for various investment strategies.
New ADU: Newly constructed 4-bedroom ADU (built in 2025) offers modern living space and potential for high rental income.
Remodeled Main Residence: Tastefully updated main home with 3 bedrooms and 2.5 bathrooms provides a turnkey living experience.
Separate Utilities: Each unit has separate gas and electric meters, simplifying utility management and tenant billing.
Rental Income: Property generates immediate rental income with potential for increased revenue from the new ADU.

Cons

Year Built (Main Residence): The main residence was built in 1955, which may require future maintenance or upgrades compared to newer construction.
Lot Size: The lot size is 7200 sqft, which might be considered small for two detached homes, potentially limiting outdoor space.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which could indicate market resistance or perceived value concerns.

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