New

$4,400,000

For Sale

4 days ago

13211 Nelson Street, Garden Grove, CA

Name: 13211 Nelson Street, For Sale in Garden Grove - eXp Realty
Brand: CB Richard Ellis, Inc.
SKU: 26996381
Price: 4400000 USD

House

MLS® 26996381

20 Bed

14 Bath

11137 sqft

14 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 11137 sqft

Garage

Taxes

Days Active 6

Lot Size 0.3856 Acres

Approx. Age 1960

Avg. Price Per Sqft $395

MLS® Number 26996381

Property Address: 13211 Nelson Street, Garden Grove, CA, 92843

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26996381

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

Basement

DrivewayUncovered

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 5, 2026List Date

$4,400,000List Price

Commute

Commute

Starting Address

Destination Address

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