The median home value in Garden Grove, CA is $956,500.
This is
higher than
the county median home value of $900,000.
The national median home value is $308,980.
The average price of homes sold in Garden Grove, CA is $956,500.
Approximately 55% of Garden Grove homes are owned,
compared to 42% rented, while
3% are vacant.
Garden Grove real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Garden Grove real estate agent to arrange a tour today! Learn more about Garden Grove.
Location, Location, Location! This property is located in the heart of Garden Grove Centrally located in a highly desirable commercial area. One block eastbound of the property is under planned unit development (PUD) by the city of Garden Grove for 640 residential units. There is also active ongoing construction across the street from the subject property. This is a great opportunity for investors and developers. Please refer to the City of Garden Grove website for further details. This property currently has a GGMU-3 mixed-use zoning. Currently, this lot is used by auto sales, a mechanic shop, a towing service, and a tint shop. This land combines two parcels (133-363-06) 9915 Garden Grove Bl with a lot size of 17,424 sqft and Parcel number (133-363-05) 9943 Graden Grove Bl with a lot size of 34,848 sqft. The parcel number (133-363-05) is also for sale. Both parcel numbers will combine for a 1.2-acre lot.
This property is a mixed- use Commercial- Residential on a large corner lot of Newland & Garden Grove. Lot size is 21,780 Sq. ft. Agent please notice 8601 GG Blvd has two units (namely the improvement car rental or car resale dealer with multiple parking spaces located at 8611 Garden Grove Blvd and single family located at 12941 Adelle Street). Low maintenance, great income property and high potential to be rebuilt into multiple single family homes, condos, townhouse, medical center. Many opportunities to all investors. Nice Neighborhood, located near Major Freeways, Koreatown, Little Saigon, Costco, Home Depot. Sellers are motivated to sell. Must see to appreciate!
This value add property in the heart of Garden Grove is ready for an owner to properly manage as the tenant mix can be improved and rents are under market. The property consists of 4 buildings and tenants totaling 21,368 SF on a large 1.87 acre lot which, potentially, allows for development opportunity. There are 3 restaurant/caf tenants that drive traffic to the property. There is great upside potential with increased rent and CAM reimbursement as the tenants were mostly leased up during the Pandemic. Property is with some tenants on month to month leases. Currently, there is 1 vacancy and income will improve when that unit is leased.Cap Rate: 5.77% (as-is) 6.91% (proforma)Gross Scheduled Income: $628,793 ($745,1036 proforma) per yearPrice/SF: $368.16sOwner is in process of improving the property including aesthetic upgrades, increasing income, and expense reimbursement so that the financials will noticeably improve over time. See offering memorandum for more information. Contact listing agent for the most up to date information.
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Based on information from CRISNet MLS as of 7/6/2024. All data, including 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.
