11662 Magnolia Street

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Source: California Regional MLS

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PWNGUNAM

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!

Property Information

Property Details

Location

Address

11662 Magnolia Street

County

Orange

City

Garden Grove

Zip Code

92841

Subdivision

Grove at the Park (GRPK)

School District

Garden Grove Unified

MLS Area

62 - Garden Grove N of Chapman, W of Euclid

Interior Features

Beds and Baths

Bedrooms

Main Level Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

2,520

Year Built

1955

Stories

Foundation

Raised, Slab

Roof

Shingle

Condition

Updated/Remodeled, Turnkey

Financial

Special Conditions

Standard

11662 Magnolia Street, Garden Grove, CA 92841

Market Report for 92841