11212 Clarissa, Garden Grove, California 92840, Garden Grove, 92840 - 3 bed, 2 bath
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Garden Grove, California 92840
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,099,999—positioned well below the $1,141,423 Fair Market Value by 3%. This valuation gap offers $41,424 in Instant Equity. Featuring a 2024 Comprehensive Remodel and ADU Development Potential with pre-installed plumbing, the property maintains a Mint Condition Rating. This asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to leverage the ADU for multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11212 Clarissa Subject | $1,099,999* List Price | 3 | 2 | 1,720 | $664 | - |
A 10651 Alderson Sold | $1,000,000 | 3 | 2 | 1,297 | $771 | 0.1 mi |
B 11662 Stephanie Lane Sold | $1,335,000 | 5 | 4 | 2,024 | $660 | 0.5 mi |
C 11472 Presidio Way Sold | $1,065,000 | 3 | 2 | 1,683 | $633 | 0.9 mi |
D 11931 Waverly Sold | $1,000,000 | 3 | 2 | 1,469 | $681 | 1.0 mi |
E 10192 Aldgate Sold | $989,000 | 4 | 2 | 1,360 | $727 | 0.5 mi |
F 10051 Brookside Dr. Sold | $1,075,000 | 3 | 2 | 2,100 | $512 | 0.7 mi |
G 11701 Faye Sold | $940,000 | 3 | 2 | 1,221 | $770 | 0.6 mi |
H 11921 Medina Drive Sold | $1,050,000 | 3 | 2 | 1,324 | $793 | 0.7 mi |
I 11052 Faye Active | $1,169,000 List Price | 3 | 2 | 1,595 | $733 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a complete remodel in 2024, featuring a modern kitchen with granite countertops, new wood flooring, and recessed lighting. Systems are updated with newer central air conditioning and dual-pane windows, meeting the criteria for a renovation under 5 years old in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7378, living area = 1720.
The home was extensively updated in 2024 with high-quality finishes including granite countertops, wood flooring, and crown molding, offering a modern, move-in ready interior.
The property includes city-approved plans for an 800 sq.ft. ADU with underground plumbing already installed, providing a significant value-add opportunity for rental income or multi-generational living.
There is a notable discrepancy between the official data (3 beds/2 baths) and the property description (5 beds/3 baths), which may indicate unpermitted space or require rigorous due diligence for financing.
While ADU plans are approved, the buyer must assume the costs for city permit fees and the entirety of the construction process to realize the property's full potential.
Beautiful remodeled in 2024 and move in ready. This exceptional home features 5 bedrooms and 3 bathrooms with numerous quality upgrades throughout. The updated kitchen boasts granite countertops, complemented by recessed lighting, crown molding, wood flooring, a cozy fireplace, newer dual-pane windows central air conditioning and newer exterior paint. *The property includes city-approved plans for an approximately 800 sf.ft. ADU. The current owner has already completed the underground plumbing. The new owner will need to pay the building permit from the city and complete the construction. All information deemed reliable but not guaranteed. Buyers and buyer's agents are advised verify all information, including square footage, permits, approvals and property condition, and to perform their own due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,720 | 1,496.5 |
| Lot Size | 7,378 | 7,260.5 |
| Price | $1.10M | $1.07M |
| Price per sq ft | $640 | $717 |
| Built year | 1959 | 1956 |
| HOA | $0 | $98 |
| Days on market | 10 | 45 |
Jul 12, 2026
$1,099,999
Initial Listing
May 8, 2024
$800,000
Public Record
Aug 9, 2021
$820,000
Public Record
Apr 4, 2008
$400,000
Public Record
Mar 27, 2001
$235,000
Public Record