Multi-family investors in Orange County spend a lot of time searching for a property that is already built, already leased, and already organized around three separate income streams. 13611 Glenhaven Dr in Garden Grove, CA 92843 is a turnkey triplex estate offered at $1,728,000, and this first post introduces what it is and why we think it deserves a serious look.
The Property at a Glance
The estate is made up of three distinct residences on a single 7,564 square foot lot. Together they provide 8 bedrooms and 5 bathrooms across roughly 2,500 square feet of living area. There is no HOA, so no monthly association dues sit between the property and its income.
The three structures are:
- Main House (13611 Glenhaven): 3 bedrooms, 2 baths, about 1,200 square feet, leased at $3,400 per month.
- Modern ADU (13615 Glenhaven): built in 2023, 4 bedrooms, 2 baths, about 1,200 square feet, leased at $3,800 per month.
- Private Studio: studio layout with 1 bath, leased at $1,400 per month.
All three units are fully leased today. That is the headline feature of this listing: the income is in place rather than projected.
What $8,600 Per Month Represents
Adding the three leases together gives $8,600 per month in gross rent, or $103,200 per year. The ADU contributes the largest share at 44.2 percent, the main house follows at 39.5 percent, and the studio adds 16.3 percent. No single unit carries the whole property, which is one of the quiet advantages of a triplex over a single rental home.
Gross rent is not the same as net income, and we want to be clear about that from the first post. Taxes, insurance, maintenance, reserves, and any management costs all come out of that figure. Over the coming weeks this series will walk through how to think about those items, using clearly labeled illustrative assumptions so that every investor can substitute their own numbers.
Built for Easy Ownership
Several features of the estate speak to a buyer who wants less friction after closing:
- A 2023-built ADU that is fully permitted, which buyers should confirm through the permit and certificate records.
- Quartz counters, stainless steel appliances, and custom cabinets in the kitchens.
- 9-foot ceilings in the main house, along with central HVAC and recessed lighting.
- In-unit laundry hookups and open-floorplan kitchens.
- Low-maintenance landscaping that keeps grounds upkeep modest.
- Separate metering, with 2 electric meters, 2 gas meters, and 1 water meter.
None of these items replaces a proper inspection, and buyers should verify every detail during due diligence. They do, however, describe a property that was presented as ready to operate.
Location and Buyer Fit
The property sits near Euclid Street and Highway 22 in Garden Grove, with freeway access toward Irvine and Anaheim. The area is served by Garden Grove Unified School District. Convenient access to major routes tends to matter to renters and investors alike, because it keeps a property relevant to people commuting to many different job centers.
We see two buyer groups as the most natural fit. The first is the 1031 exchange investor who needs a replacement property that is stable and fully operating. The second is the house hacker who wants to live in one unit while the other two help cover the cost of ownership. If the owner lives in the main house, the ADU and studio together represent $5,200 per month in rent, based on the current leases and subject to the terms of those leases.
What This Series Will Cover
Over the next 45 days we will publish a post each day on the estate. Topics include the unit-by-unit breakdown, rent roll analysis, cap rate and cash-on-cash modeling, 1031 exchange timing, house hacking math, financing structures, tax topics, due diligence, and long-term planning. Our goal is to give you something specific and useful each day, whether you are ready to tour next week or still comparing options.
Every post will keep to the same standard. We will not promise returns or appreciation, we will label any math as illustrative, and we will point you toward your CPA, attorney, lender, or qualified intermediary where their input matters.
Schedule a Private Tour or Request the Financial Packet
If 13611 Glenhaven Dr fits what you are looking for, the best next step is to see it in person or review the numbers in detail. Contact Global Estate Hub to schedule a private tour or to request the financial packet, and our team will walk you through the property, the leases, and the documents available to qualified buyers.