Back to Search
12936 Lorna St
For Sale $1,499,000
$1,499,000
- 2 Units
- Unknown Sq Ft
- 10,890 Sq Ft
- Unknown Cap Rate
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!
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,499,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 6 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 13346212 |
| MLS # | PW24220262 |
| Property ID | 295634330 |
| Lot Sqft | 10,890 |
| Zoning | Unknown |
| Total Units | 2 |
| Days on Market | 51 |
| Original List Price | $1,499,000 |
| Date Updated | December 09, 2024 |
| Date Created | October 21, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Holly Pham an agent of . Lic #01909020
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 09, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT