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Garden Grove

12771 Lorna Street

About This Property

Rare 16,329-square-foot R-3 multifamily lot in Central Garden Grove offering an excellent development opportunity. Current zoning for R-3 multi family allows for 32 units per acre. At .38 acres, this property can technically hold 12 units. THE ABILITY TO SUBDIVIDE IS ALSO ALLOWED. A full set of plans for 6 units plus one ADU has already been drafted and submitted to the City for approval. The planning has already approved the six plus one land use. The submitted plans include two separate 4,286-square-foot buildings, each with three 2-bedroom, 2.5-bath units, with each unit offering a two-car garage. The proposed ADU is 446 sqft. Plans are included with the sale. Located approximately 5 miles from Disneyland and 10 miles from the beach, the property offers a central Orange County location with strong development potential. Very important for Buyer to independently verify zoning, development potential, plan approval status, and feasibility of any proposed building scenario with the City of Garden Grove.

Neighborhood

This property is located in Garden Grove. Want to learn more about the area?

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Listing courtesy of Coldwell Banker Realty

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$1,700,000

Est. Monthly Payment

$10,863/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Terry McCarty

Coldwell Banker Realty