8652 Acacia Avenue, Garden Grove, CA 92841

$1,430,000
3,266
SqFt
List Price
$1,430,000
Price Change
▼ $45,000 1567831865
Status
ACTIVE
MLS#
OC19115095
Year Built
1954
Living Sq. Ft
3,266
Lot Size
13,939
Acres
0.32
Lot Location
2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Value In Land, Yard
Days on Market
128
Property Type
Multifamily
Stories
One Level
Neighborhood
Other (Othr)

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!

Additional Information

Tract Number
807
Lot Description
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Biking, Suburban
Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace
View
None
Roof
Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Chinh Pham from First Team Real Estate

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.