$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
0.9 Acres Lot
Key Details
Sold Price $3,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW21062001
Sold Date 09/21/21
HOA Y/N No
Lot Size 0.900 Acres
Property Description
Investor/Developer infill opportunity in downtown Garden Grove, near City Hall. Being presented is a flat, buildable lot of approximately 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!
Location
State CA
County Orange
Area 64 - Garden Grove E Of Euclid, W Of Harbor
Zoning CC-3
Interior
Fireplace No
Exterior
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Level, Over 40 Units/Acre
Water Public
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