Property profile

10641 Garden Grove Blvd Garden Grove, CA 92840

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land offering presents a remarkable opportunity for developers and investors. Located in Garden Grove, California, at 10641 Garden Grove Blvd, this 29,983 square foot parcel (APN: 08909225, 08909226, 08909206) boasts a fully approved four-story mixed-use project plan. The project, approved by the City of Garden Grove, includes 10 residential live/work units, commercial retail space on the first floor, and commercial office space on the second floor. The total building area is 43,793 square feet, encompassing 30 parking spaces and two elevators. All city permits have been obtained, and all associated fees have been paid, making this a turnkey project ready for immediate construction. The property enjoys high visibility on Garden Grove Boulevard, benefiting from significant traffic exposure. Its convenient location offers proximity to major amenities such as Home Depot, the historic Main Street Downtown, and a Costco center. Furthermore, it's conveniently situated within a 5-minute drive of the 22 freeway and a 15-minute drive of the 405 freeway. This is a rare opportunity to acquire a fully permitted, ready-to-build mixed-use project in a thriving location. The asking price is $5,900,000. The zoning is AR.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

10641 Garden Grove Blvd Garden Grove, CA 92840
Garden Grove metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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