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- LoopNet Team
9891-9901 Garden Grove Blvd
Garden Grove, CA 92641
Land For Sale
·
1.20 AC
INVESTMENT HIGHLIGHTS
- Current entitlements for 98-units that can be utilized
- Commercial Development can also be an option
- Can be sold for a townhome developer to obtain entitlments
PROPERTY FACTS
DESCRIPTION
This offering includes the two contiguous parcels located at 9891 and 9901 Garden Grove Boulevard, totaling approximately 1.2 acres of land area. The underlying zoning is GGMU3 which allows for a base residential density of up to 48 dwelling units per acre. However, this site has been fully entitled for 98 apartment units, including 10 affordable units, which was processed under California Density Bonus Law. Prospective buyers can either proceed directly into creating construction drawings for building according to the approved plans, or else pursue entitlements for their own desired development program. The site contains an existing auto use building and a residential dwelling unit, which may be utilized to generate income. Residential, commercial, or mixed-use projects are all viable development options. Phase I and Phase II environmental studies have already been completed.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $132,650 | |
| Land Assessment | $4,319,117 | Total Assessment | $4,451,767 |
PROPERTY TAXES
