Garden Grove CA  home offered at $1,250,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

8652 Acacia Avenue
Garden Grove, California CA 92841-5004
Price: $1,250,000
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Listing ID: OC19115095
Price/SqFt: $382.73
Status: Active
SqFt: 3,266 Sq Ft
Acres: 0.320 Acres
Subdivision: Other (OTHR)
Year Built: 1954

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!

Primary Features

County: Orange
Exterior Features: Barbecue Private
Heating Type: Wall Furnace
Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Park Nearby, Value In Land, Yard
MLS Area Major: 63 - Garden Grove S of Chapman, W of Euclid
Special Listing Conditions: Standard
View Type: None
Year Built: 1954
Zoning: Garden Grove Mix Use

Additional

Association: no
Community Features: Biking, Suburban
Land Lease: no
Laundry Features: Inside
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Number Of Units Total: 4
Property Attached: yes
Senior Community: no
Tax Lot: 6
Tax Tract Number: 807
Utilities: Electricity Available, Sewer Available, Water Available
Water Source: Public
Year Built Source: Public Records

Interior Features

Appliances: Gas Range
Appliances: yes
Common Walls: 1 Common Wall, No One Above
Flooring: Tile
Garage Spaces: 2
Heating: yes
Levels: One
Room Type: All Bedrooms Down
Spa Features: None
Spa: no
Stories Total: 1

Financial Details

Gross Income: 72000
Gross Scheduled Income: 72000
Insurance Expense: 1194
Net Operating Income: 51314
New Taxes Expense: 12256
Operating Expense: 20686
Rent Control: no
Tenant Pays: Electricity, Gas
Total Actual Rent: 6000
Total Expenses: 20686
Trash Expense: 600
Water Sewer Expense: 6636

External Features

Foundation Details: Slab
Lot Size Area: 13939
Lot Size Square Feet: 13939
Number Of Buildings: 3
Parking Total: 8
Pool Features: None
Private Pool: no
Roof: Shingle
Sewer: Public Sewer
Uncovered Spaces: 6
View: no

Location Information

Country: US

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Chinh Pham from First Team Real Estate . Last updated Monday, October 14th, 2019.

Contact - Listing ID OC19115095

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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