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12891 12893 Adelle Street

Garden Grove, CA 92841
  • $1,395,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: PW24050853
Under Contract
$1,395,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Rick Applebaum of Morgan Skenderian (949-251-8800) and Paul Espinosa of Morgan Skenderian(949-251-8800)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
www.socalrealtyexpert.com/homes/148538082
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12891 12893 Adelle Street Garden Grove, CA 92841

  • Price: $1,395,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • ID#: PW24050853
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1939
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
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.
Exterior Features

Carport Spaces 0 Entry Level 1 Entry Location 1 Lot Features Rectangular Lot Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common WallsNo One Above Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN Yes Cap Rate 4.4 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 1023.8 Fuel Expense 1023.8 Garage YN No Gross Income 0 Gross Scheduled Income 96324 Insurance Expense 3420 Land Lease YN No Laundry Features None Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 4672 Net Operating Income 60874 New Construction YN No New Taxes Expense 18023 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Operating Expense 32560 Other Expense 750 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 16450 Total Actual Rent 8027 Trash Expense 1023.8 Vacancy Allowance 2889 Water Sewer Expense 1023.8 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
 
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Robin McCann | EXIT Alliance Realty
43521 Rige Park Drive, Suite 201
Temecula CA, 92590
Listing Agent(s): Rick Applebaum of Morgan Skenderian (949-251-8800) and Paul Espinosa of Morgan Skenderian(949-251-8800)