11432 Stanford Avenue, Garden Grove, CA 92840

$2,100,000
List Price
$2,100,000
Price Change
▲ $150,000 1618286351
Status
ACTIVE
MLS#
PW21070118
Year Built
1913
Lot Size
39,195
Acres
0.9
Lot Location
Over40UnitsAcre
Days on Market
26
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

INCREDIBLE INVESTMENT OPPORTUNITY! A rare find in downtown Garden Grove, this parcel encompasses approximately 39,000 sqft and has 3 existing homes and lots of open space for an additional unit or ADU. Reminiscent of days gone by, this is your opportunity to own one of the last generously sized land parcels remaining in central OC. The restoration, development and/or renewal prospects of this property are endless and with 40+ residential units allowed per acre, this unique parcel can afford the new owners many options, as well as many opportunities. Endless possibilities include creating a family compound, expansion of the existing homes, additional new homes and/or ADU's, a hobby farm/gardens, swimming pools and tennis courts - all for your own personal use and enjoyment, all while enjoying country life in the city! Close to City Hall, Public Safety, schools parks, library and restaurants. Great development opportunity as well, and is being offered as land under MLS #PW21062001. Seller would also like to sell adjoining home and contiguous parcel located next door at 11462 Stanford Ave; APN #090-153-19, MLS #21070116. Current ownership has maintained the rental rates below the market level and with the right strategy and approach, a new investor can take advantage of a significant repositioning opportunity. DRIVE BY ONLY. DRIVE BY ONLY. Please do not disturb or talk to tenants, or enter or walk on properties under any circumstances! LIVE, INVEST OR DEVELOP, THE CHOICE IS YOURS!!

Additional Information

Pool Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Number Of Units Total
3
Gross Scheduled Income
$58,500

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Scott Weimer from Weimer & Associates

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.