$980,000
$1,100,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 12/16/2019
Key Details
Sold Price $980,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC19115095
Sold Date 12/16/19
HOA Y/N No
Year Built 1954
Lot Size 0.320 Acres
Property Description
Rare investment/development opportunity centrally located in Garden Grove! Huge Corner Lot - nearly 14,000 square feet! Zoned as Garden Grove Mixed Use. The city permits building of residential plus commercial mixed-use development – up to 4 stories! Main floor can be parking. Two stories for residential. Leave the last story for your commercial component! Build an apartment up to 6 units with 4 bedrooms each. Commercial component optional if you want to maximize return on investment! Live/Work Office Space, Restaurant, or Medical Office to name a few options! Or if you are looking for stable income in a Hot Rental Area, there’s currently 4 single story units on the lot. 2 Detached Single Family plus a Duplex. Each unit has separate electric and gas meters. Rents are below market. Close to restaurants, entertainment, shopping centers! Easy access to 22, 405 and 5 freeways! Your opportunity awaits!
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Zoning Garden Grove Mix Use
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Flooring Tile
Fireplace No
Appliance Gas Range
Laundry Inside
Exterior
Exterior Feature Barbecue
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Suburban, Park
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Near Park, Rectangular Lot, Value In Land, Yard
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 13346417
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Chinh Pham • First Team Real Estate
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com