$2,100,000

11432 Stanford Avenue

Garden Grove CA, 92840

Description

Investor/Developer infill opportunity in downtown Garden Grove, near City Hall. Being presented is a flat, buildable lot totaling over 39,000 sqft recently appraised at $2,240,000. Currently consisting of 3 income producing dwellings, this property located in the Civic Center Core zoning has several development possibilities. Seller prefers to sell with adjoining residential property at 11462 Stanford: APN #090-153-19, MLS #PW21070116. GG CC3-Civic Center Core zoning permits 42 residential units/per acre and has a Commercial Floor Area Ratio of .5 (verify with the City of Garden Grove), and when combined, both lots offer over 48,000 of level building area. Property is in close proximity to schools, City Hall, Fire & Police, Library, Euclid Park, Historical Main Street, Steelcraft, Costco, Home Depot, Little Saigon, KoreaTown, the 22 Frwy and numerous other restaurants and stores. Also only minutes to Disneyland and the entire Anaheim Entertainment District. Across the street from Acacia Adult Day Service Center, the Louis Lake Senior Center and the Jordan Manor Senior Community. Also being offered as Residential Income Property under MLS #PW21070118. DRIVE BY ONLY. DRIVE BY ONLY. Please do not disturb or talk to tenants, or enter or walk on properties under any circumstances. Contact Listing Agent or your Agent for instructions. LIVE, INVEST OR DEVELOP, THE CHOICE IS YOURS!

Details

MLS#PW21062001
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site9

Features

ZoningCC-3
Acreage0.90
Water FrontNo
Property ViewNo
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Area Information
StateCA
CountyOrange
CityGarden Grove
Zip Code92840
Area64 - Garden Grove E of Euclid, W of Harbor
Community NameOther (OTHR)
Listing VS Median (in Other (OTHR))
Price:
$2,100,000
low | high
Med:
$699,900
100% of Average
On Site:
9
low | high
Med:
42
21.428571428571% of Average
Sourced by Back At You
Listing Updated: April 12, 2021 2:01:44 PM PDT
Scott Weimer LogoMLS Number: PW21062001
Listing Provided By:
Scott Weimer  of  Weimer Associates
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.