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$ 1,499,000
Est. payment | /mo
0.25 Acres Lot
$ 1,499,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24220262
HOA Y/N No
Year Built 1961
Lot Size 10,890 Sqft
Property Description
This exceptional property is situated in the heart of Garden Grove, ideally located next to Garden Grove Blvd and nestled between Magnolia and Beach Blvd. At 12936 Lorna St, you will find a spacious residential house featuring six permitted bedrooms and three bathrooms, perfect for accommodating a large family or as a potential rental. At the rear, 12938 Lorna St houses a commercial warehouse that operates as a custom cabinet shop, benefiting from grandfathered usage rights that add significant value to the property. There's a single water meter servicing both buildings. Tenants are responsible for their utilities, with the owner covering only the water bill. Access to the commercial building is provided via a small alley on the side, enhancing convenience for operations. The zoning in this area is conducive to a variety of light business uses and residential applications, making it suitable for daycare centers, hair salons, offices, or small religious centers. There is also a potential for new residential development, allowing up to three units. This property is also listed as residential with MLS #PW24217910. Both listings include residential and commercial being sold as one. Prospective buyers are encouraged to verify permitted uses with the City of Garden Grove Planning Department before submitting offers. Please note that the property is available for drive-by viewings only, and we kindly request that you do not disturb the current tenants. The existing residents are open to continuing their tenancy, making this an attractive investment opportunity. Inspections will be contingent upon an accepted offer, and the property is being sold as-is. This is a unique chance to secure a versatile property in a highly sought-after location. Don't miss this opportunity!
Location
State CA
County Orange
Area 63 - Garden Grove S Of Chapman, W Of Euclid
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Present Use Commercial
Total Parking Spaces 6
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 13346212
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Holly Pham • First Galaxy Inc • hollylands@yahoo.com
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Justin & Jessica Bouzane
Broker Associate | Lic# 01905244