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$ 7,000,000
Est. payment | /mo
1.2 Acres Lot
$ 7,000,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25142141
HOA Y/N No
Lot Size 1.200 Acres
Acres 1.2
Property Sub-Type Lots/Land
Property 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.
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.
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.
Location
State CA
County Orange
Area Oc - Garden Grove (92844)
Building
Lot Description Curbs, Sidewalks
Others
Monthly Total Fees $49
Acceptable Financing Cash
Listing Terms Cash
Listed by Steven Jones • Olympia Capital Corporation