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Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,204 sqft
Price per Sqft $913
Subdivision Parkside (Prks)
MLS Listing ID OC25154883
Bedrooms 3
Full Baths 1
Year Built 1956
Lot Size 8,751 Sqft
Property Sub-Type Detached
Property Description
Investors Opportunity: Turnkey Property with Major Upside Potential! Prime Garden Grove Investment with Approved Expansion Plans & ADU Development. This fully renovated, move-in-ready property is a rare find for real estate investors looking to maximize both short- and long-term returns. Located on an expansive 8,751 sq. ft. lot, this asset presents immediate rental income potential with tremendous upside through approved development plans that increase livable square footageand value. Turnkey Condition: Fully updated 3-bed home ready for immediate occupancy or rental. Large Lot (8,751 SF): Ideal for future expansion and value-add development. Income-Boosting Additions Approved: Phase 1: Approved 485 SF home addition in place to create a 3-bedroom, 3-bathroom layout. Simultaneously, build a brand-new 1,185 SF ADU featuring 4 bedrooms, 2.5 baths, a full kitchen, living space, and laundry - ideal for high-yield rental income. Phase 2 JADU Option: Optional layout ready to convert part of the addition into a Junior ADU (JADU), further enhancing your income potential. Additional Features: RV-Accessible Driveway Detached two-car garage with bonus room ready for conversion or added utility. Spacious backyard with privacy for outdoor living or tenant enjoyment. Enclosed spa area + storage shed. Existing approved development plans save time and moneypull permits and start building. Why This Property Stands Out to Investors: Development-Ready: Save months of time and administrative hassle. Multi-Income Potential: Generate multiple income streams through the main house, ADU, and poten
Location
State CA
County Orange
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Flooring Laminate
Laundry Gas, Washer Hookup
Exterior
Garage Spaces 2.0
Utilities Available Electricity Available, Natural Gas Available, Water Available
View Y/N Yes
Roof Type Asbestos Shingle
Building
Story 1
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition Standard
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Bought with Ichiro Inokuma HomeSmart, Evergreen Realty
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