12891 & 12893 Adelle Street

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Address: 12891 & 12893 Adelle Street, Garden Grove, California, US
Created date: March 20, 2024
Date last updated: March 20, 2024
  • Fourplex + SFR on Two Separate Lots; Combined Lots Total ±12,173 SF
  • Prime Redevelopment Opportunity and/or ADUs
  • All Single Story Units
  • Projected 28% in Rental Upside
  • Extremely Desirable Rental Location just Off of Garden Grove Boulevard

Property Description

Morgan Skenderian is 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $1,395,000
No. of Units: 5
Year Built: 19391957
Lot Size: 0.28 Sq ft
Opportunity Zone: No
Price per unit: $279,000
Property Website Click Here
Address: 12891 & 12893 Adelle Street, Garden Grove, CA 92841, USA
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