
Garden Grove, California 92843
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,050,000—positioned slightly above the $1,043,076 Fair Market Value. Featuring a Good Condition Rating with recent interior renovations, this Zoned CC-1 property offers immediate rental utility through its 2-bedroom and 1-bedroom unit configuration. The inclusion of a detached 2-car garage and private courtyard enhances tenant appeal, while the commercial redevelopment potential provides long-term upside. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11401 Garden Grove Subject | $1,050,000* List Price | 3 | 2 | 1,680 | $621 | - |
A 10422 Bonnie Sold | $1,150,000 | 5 | 3 | 2,031 | $566 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1941, the property has undergone a recent interior renovation (likely <5 years) featuring new laminate flooring, recessed lighting, and fresh paint. The interior appears well-maintained and move-in ready, though the exterior and landscaping show signs of age consistent with a 'Good' rather than 'Excellent' rating.
The dual-unit configuration, featuring a 2-bedroom front house and a 1-bedroom rear unit, offers excellent flexibility for rental income, multi-generational living, or owner-occupancy with a mortgage offset.
Zoned CC-1, the property provides significant long-term value through potential commercial redevelopment or mixed-use possibilities in a high-demand Garden Grove location.
The property is well-maintained and move-in ready, complete with a detached two-car garage and a private courtyard, reducing the need for immediate capital improvements.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6830. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1680, other record living area = 1034.
Built in 1941, the property may have aging systems or structural elements typical of older homes that could require more frequent maintenance compared to newer builds.
With a list price of $1.05M for only two units, the entry price point may result in lower immediate cap rates for investors compared to higher-density multi-family opportunities.
Exceptional duplex opportunity in the heart of Garden Grove! This well-maintained, move-in ready property features two homes on one lot, 2 seperate addresses, with the front unit being a 2-bedroom, 1-bath residence and the rear unit a 1-bedroom, 1-bath unit. Property is zoned CC-1. Front unit is 1,034 sqft and back unit is 630 sqft. Perfect for owner-occupants, multi-generational living, or investors seeking immediate rental income. The property also offers a detached 2-car garage, a private courtyard between the homes, and excellent flexibility for a variety of living arrangements. Conveniently located near shopping, dining, schools, and major freeways, with potential future redevelopment or commercial possibilities (buyer to verify with the City). A rare opportunity to own a versatile income-producing property in a prime Garden Grove location! Whether you're looking to live in one unit and offset your mortgage by renting the other, expand your investment portfolio, or secure a property with future upside, this is an opportunity you won't want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,680 | 4,225.5 |
| Lot Size | 6,970 | 10,118.5 |
| Price | $1.05M | $1.54M |
| Price per sq ft | $625 | $476 |
| Built year | 1941 | 1962 |
| HOA | $0 | $0 |
| Days on market | 33 | 83 |
Aug 7, 2026
$1,050,000
Initial Listing
Mar 28, 2023
$880,000
Public Record
Oct 3, 1996
$3,000
Public Record
Feb 3, 1995
$163,500
Public Record