$3,000,000
$2,200,000
36.4%For more information regarding the value of a property, please contact us for a free consultation.
11432 Stanford AVE Garden Grove, CA 92840
3,299 SqFt
Key Details
Sold Price $3,000,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,299 sqft
Price per Sqft $909
MLS Listing ID PW21070118
Sold Date 09/21/21
HOA Y/N No
Year Built 1913
Lot Size 0.900 Acres
Acres 0.8998
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!!
Location
State CA
County Orange
Area 64 - Garden Grove E Of Euclid, W Of Harbor
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gutter(s), Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Over 40 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 09015320
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Scott Weimer • Weimer & Associates