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12936 Lorna Street

Garden Grove, CA 92841

$1,499,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

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1961

calendar_month Built

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!

Listing Information

List Price $1,499,000
Status Active
MLS PW24220262
Type Commercial
Subtype Mixed Use
Year Built 1961
Lot Size 10,890
Structure Size N/A
Courtesy Of First Galaxy Inc
Listing Agent Holly Pham DRE#01909020

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

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$1,499,000

king_bed 6
shower 3
straighten 4,520
straighten 10,890
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king_bed N/A
shower N/A
straighten N/A
straighten 10,019
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king_bed 2
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straighten 1,020
straighten N/A
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king_bed N/A
shower N/A
straighten N/A
straighten N/A
11036 Magnolia Street,

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$90,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
Street,

Garden Grove, CA 92840

Listing information courtesy of: Holly Pham, First Galaxy Inc 7142512700. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 24th, 2024 at 6:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.