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12771 Lorna Street — photo 1

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 City has already approved the land use of six plus one. 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 and currently under review. 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.

挂牌经纪 Terry McCarty · Coldwell Banker Realty

Estimate your monthly payment

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$329,800 down

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%/yr
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Estimated monthly payment

$10,000

$8,338

Principal & interest

$1,512

Property tax

$150

Insurance

$1,319,200

Loan amount

Estimates only, for planning purposes — not a loan offer or commitment. Actual rates, taxes, and insurance vary. Consult a licensed lender.

Listing data is provided courtesy of the participating MLS. Information deemed reliable but not guaranteed. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.