INCREDIBLE INVESTMENT OPPORTUNITY! A rare find in downtown Garden Grove, this parcel encompasses over 39,000 sqft 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!!
Listing By Weimer & Associates – Scott Weimer
Data Last Updated 7:40pm - 04/20/2021
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