12891 12893 Adelle Street, Garden Grove, CA 92841

$1,545,000

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Sold Price
$1,545,000
List Price
$1,395,000
Closing Date
May 29, 2024
Status
CLOSED
MLS#
PW24050853
Year Built
1939
Lot Size
12,173
Acres
0.28
Lot Location
Rectangular Lot
Days on Market
1
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Three Or More Levels

Property Description

Pleased to present 12891 & 12893 Adelle Street, Garden Grove, CA. A unique investment opportunity in the heart of the vibrant Koreatown neighborhood, just minutes away from the lively atmosphere of Little Saigon. The first component of this property is a charming single-story single-family home, providing a comfortable and private living space. Complementing the single-family home is a single-story fourplex on the adjacent lot, featuring (4) well-appointed one-bedroom/one-bathroom units. Investors will find immense potential in the redevelopment possibilities offered by the GGMU-2 zoning. The single-family house presents an excellent opportunity for transformation or expansion, allowing for creative and strategic redevelopment plans. Capitalize on the potential to enhance the property's value and maximize returns by exploring various development options. Don't miss the chance to be a part of the thriving Garden Grove community and seize the potential for growth and development at 12891 & 12893 Adelle Street. Whether you are an investor looking for a promising project or a homeowner seeking a unique property with development potential, this offering is sure to capture your attention. Explore the possibilities and make your mark in this dynamic and evolving neighborhood.

Additional Information

Taxes
$16,450
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
5
Gross Scheduled Income
$96,324
Operating Expense
32560

Listing courtesy of Listing Agent: Rick Applebaum (rma@morganskenderian.com) from Listing Office: Morgan Skenderian.

Listing sold by Rick Applebaum from Morgan Skenderian

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.