$1,499,000
( $331.64Per Sq Foot )
 $8,047 forsale estimated payment Sourced by Back At You

12936 Lorna Street , Garden Grove, CA 92841

Garden Grove, CA 92841

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Description

This exceptional property is situated in the heart of Garden Grove, ideally located next to Garden Grove Blvd and nestled between Magnolia and Beach Blvd. At 12936 Lorna St, you will find a spacious residential house featuring six permitted bedrooms and three bathrooms, perfect for accommodating a large family or as a potential rental. At the rear, 12938 Lorna St houses a commercial warehouse that operates as a custom cabinet shop, benefiting from grandfathered usage rights that add significant value to the property. There's a single water meter servicing both buildings. Tenants are responsible for their utilities, with the owner covering only the water bill. Access to the commercial building is provided via a small alley on the side, enhancing convenience for operations. The zoning in this area is conducive to a variety of light business uses and residential applications, making it suitable for daycare centers, hair salons, offices, or small religious centers. There is also a potential for new residential development, allowing up to three units. This property is also listed as residential with MLS #PW24217910. Both listings include residential and commercial being sold as one. Prospective buyers are encouraged to verify permitted uses with the City of Garden Grove Planning Department before submitting offers. Please note that the property is available for drive-by viewings only, and we kindly request that you do not disturb the current tenants. The existing residents are open to continuing their tenancy, making this an attractive investment opportunity. Inspections will be contingent upon an accepted offer, and the property is being sold as-is. This is a unique chance to secure a versatile property in a highly sought-after location. Don't miss this opportunity!

Details

MlsPW24220262
Listing TypeFor Sale
StyleMixed Use
SubtypeResale
StatusActive
Year1961
Days On Site52
Listing Provided ByFirst Galaxy Inc 657-272-6198 | Holly Pham

Features

Sq Feet4,520
Storys1
Units2
Acreage0.25

Market Activity 92841

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.

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Listings Checked: 1 minute ago
StateCA
CountyOrange
CityGarden Grove
Zip Code92841
Area63 Garden Grove S of Chapman | W of Euclid
Listing VS Median (in 92841)
Price:
$1,499,000
low | high
Med:
$1,050,000
79.953302201468% of Average
SqFt:
4,520
low | high
Med:
1,237
100% of Average
$ / SqFt:
$332
low | high
Med:
$849
100% of Average
On Site:
52
low | high
Med:
10.000000
100% of Average
Sourced by Back At You
Listing Updated: December 5, 2024 at 11:59:56 AM PST