$1,160,200
$1,100,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 07/22/2021
Key Details
Sold Price $1,160,200
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW21063976
Sold Date 07/22/21
HOA Y/N No
Lot Size 0.340 Acres
Property Description
For sale is a rare residential redevelopment opportunity in Garden Grove, CA. The site is located on Safford Street, just off of Garden Grove Blvd. a major thoroughfare and redevelopment corridor. Currently utilized as a income producing single family home rental on a +/- 14,810 sq/ft lot, a savvy investor can begin city entitlements while collecting income. Currently the lot is zoned Garden Grove Boulevard Mixed Use 2 (GGMU-2). This rare zoning will allow mixed use or full residential development. Furthermore, a density bonus is offered by the city due to its proximity to its redevelopment corridor.
Location
State CA
County Orange
Area 64 - Garden Grove E Of Euclid, W Of Harbor
Zoning GGMU-2
Interior
Fireplace No
Exterior
Community Features Suburban
View Y/N No
View None
Building
Lot Description Back Yard, Front Yard
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 10004224
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Aurora Gim • Expert Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "