Commercial property · 4 recorded sales since 2017
Listing Agent: Aurora Gim (DRE #00899718) · Listing Office: Expert Real Estate · Contact: 800-424-9622 · Bought with: Aurora Gim · Expert Real Estate · MLS #PW21063961 · Source: CRMLS
For sale is a rare residential redevelopment opportunity in Garden Grove, CA. The site is located on Safford Street, just off of Garden Grove Blvd. a major thoroughfare and redevelopment corridor. Currently utilized as a income producing single family home rental on a +/- 14,810 sq/ft lot, a savvy investor can begin city entitlements while collecting income. Currently the lot is zoned Garden Grove Boulevard Mixed Use 2 (GGMU-2). This rare zoning will allow mixed use or full residential development. Furthermore, a density bonus is offered by the city due to its proximity to its redevelopment corridor.
Listing description from the July 2021 sale, as reported to CRMLS.