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Shawn Luong
626-643-7090
reoagent@shawnluong.com

CalBRE# 00857818
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Shawn Luong
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626-643-7090
reoagent@
shawnluong.com

CalBRE# 00857818
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8681 Garden Grove,  Garden Grove CA, 92844 (Commercial)

Status: Sold
MLS#: CV15241408
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Last Updated: 6/22/2017 8:38 PM
Description for 8681 Garden Grove Garden Grove, CA 92844
Bread and butter and easy to manage 6unit street retail property with 5 stores to be sold together with 12931 Lorna St, a residential duplex, MLS# CV15239160. Rents are low as compared to market rents of $1.10 per sf . Rentable space is 4,931 sf per assessor on a 17,424 sf lot. Ample parking in the back accessible through Lorna st. Total combined lot size of both properties is 27,752 sf or approximately 0.63 acre. The property is zoned GGMU2, mixed use zoning with an allowable building height of 34 stories. According to the general plan, GGMU2 does not need to have a commercial component. The residential density is 21 dwelling units per acre or 13 units based on the current acreage. Please refer to the attached city regulations and development standards. If interested, do not hesitate to ask about the package price deal for the sale of both parcels.
Price
Sold Price:
$700,000
Sold Date:03/30/2016
Orange
CV15241408
Closed
Description
Bread and butter and easy to manage 6unit street retail property with 5 stores to be sold together with 12931 Lorna St, a residential duplex, MLS# CV15239160. Rents are low as compared to market rents of $1.10 per sf . Rentable space is 4,931 sf per assessor on a 17,424 sf lot. Ample parking in the back accessible through Lorna st. Total combined lot size of both properties is 27,752 sf or approximately 0.63 acre. The property is zoned GGMU2, mixed use zoning with an allowable building height of 34 stories. According to the general plan, GGMU2 does not need to have a commercial component. The residential density is 21 dwelling units per acre or 13 units based on the current acreage. Please refer to the attached city regulations and development standards. If interested, do not hesitate to ask about the package price deal for the sale of both parcels.
Listing Information
Property Type: General Commercial, Other
0.4 Acres 17,424 sq.ft. $141.96
Telephone
Neighborhood
Room Information
Exterior / Lot Features
30 Parking Spaces
None
GGMU2
Financial Considerations
13346418
Listing Price History

Garden Grove Real Estate

Garden Grove is located in California. Garden Grove, California 92844 has a population of 175,393.

The median household income in Garden Grove, California 92844 is $59,360. The median household income for the surrounding county is $75,998 compared to the national median of $53,482. The median age of people living in Garden Grove 92844 is 36.3 years.

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Courtesy: CENTURY 21 MASTERS SHAWN LUONG
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