Molly Peterson DRE 01207420
The median home value in Garden Grove, CA is $910,000.
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 $910,000.
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.
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Owner will lease back 15 year plus (2) 5 yr optionBuyer also can offer business and property. The asking price of business is 1.5 mil.Close from Freeway C-22On Garden Grove Blvd between Beach Blvd and Brookhurst St.
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.
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.
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