Garden Grove, CA 92841,8652 Acacia AVE
Garden Grove, CA 92841,8652 Acacia AVE
Garden Grove, CA 92841,8652 Acacia AVE
$980,000
Est. payment /mo
Est.Price: ?

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0.32 Acres Lot
SOLD DATE : 12/16/2019

Key Details

Sold Price $980,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID OC19115095

Year Built 1954

Lot Size 0.320 Acres

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!

Location

State CA

County Orange

Area 63 - Garden Grove S Of Chapman, W Of Euclid

Zoning Garden Grove Mix Use

Interior

Heating Wall Furnace

Flooring Tile

Laundry Inside

Exterior

Exterior Feature Barbecue

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Suburban, Park

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Building

Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Near Park, Rectangular Lot, Value In Land, Yard

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chinh Pham • First Team Real Estate
Bought with Chinh Pham • First Team Real Estate

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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