13211 Nelson St, Garden Grove, CA 92843
13211 Nelson St, Garden Grove, CA 92843
13211 Nelson St, Garden Grove, CA 92843
13211 Nelson St, Garden Grove, CA 92843
13211 Nelson St, Garden Grove, CA 92843
13211 Nelson St, Garden Grove, CA 92843
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$ 4,400,000
Est. payment | /mo

20 Beds

14 Baths

11,137 SqFt


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$ 4,400,000
Est. payment | /mo
Save

20 Beds

14 Baths

11,137 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,137 sqft

Price per Sqft $395

MLS Listing ID 26996381

Bedrooms 20

Year Built 1960

Lot Size 0.386 Acres

Acres 0.39

Property Sub-Type Multi-Family

Property Description

Ravenwood Arms presents a rare opportunity to acquire a 14 unit multifamily property in a highly desirable Orange County rental market. Ideally situated near major Southern California destinations, the property offers convenient access to Knott's Berry Farm, Disneyland Resort, shopping centers, restaurants, and everyday conveniences, supporting strong long-term rental demand. The property is centrally located with easy access to major freeways, including the 22, 405, 5, and 55, providing residents with convenient connectivity throughout Orange County and the greater Los Angeles area. The location also boasts a Walk Score of 81/100, with dining, groceries, shopping, and other daily necessities accessible on foot. Originally constructed in 1960, The Ravenwood Arms features an attractive unit mix consisting of six spacious 2 bedroom/1 bathroom apartments and eight 1 bedroom/1 bathroom units. Unit 1 (2Bd/1Ba), as listed on the rent roll, is expected to become vacant in December 2026. A potential market rent of $2,500 has been indicated for the unit. A key component of the investment opportunity is the property's significant rental upside. Current rents are approximately 38% below projected market rents, providing investors with an opportunity to increase rental income and grow property cash flow through the continued implementation of a value-add strategy. Each apartment is individually metered for electricity and gas, while water is master metered. Community amenities include a well-maintained swimming pool and a shared laundry room. The property has benefited from several recent capital improvements, including replacement of decking, stairs, and railings; newer doors and windows; and resealing of the blacktop parking area. The property provides 14 uncovered assigned parking spaces at the rear of the building along with ample nearby street parking. With its desirable Orange County location, functional unit mix, recent property improvements, and access to major employment and entertainment destinations, Ravenwood Arms offers an attractive opportunity for investors seeking a value-add strategy or a long-term multifamily hold.

Location

State CA

County Orange

Area N Of Bolsa, S Of Gg, E Of Brookhurst, W Of Harbor

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Community

Exterior

Parking Features Uncovered

Garage Spaces 14.0

Pool In Ground

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by CB Richard Ellis, Inc.

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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13211 Nelson St