Investor/Developer infill opportunity in downtown Garden Grove, near City Hall. Being presented is a flat, buildable lot of approximately 36,000 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!
Listing By Weimer & Associates – Scott Weimer
Data Last Updated 7:40pm - 04/20/2021
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