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11402 Morgan Lane, Garden Grove, California 92840, Garden Grove, 92840 - 6 bed, 4 bath

11402 Morgan Lane, Garden Grove, California 92840 home-pic-0
ACTIVE UNDER CONTRACT$1,450,000
11402 Morgan Lane, Garden Grove, California 92840
6Beds
4Baths
2,200Sqft
7,197Lot
Year Built
2024
Close
-
List price
$1.45M
Original List price
$1.55M
Price/Sqft
$659
HOA
-
Days on market
-
Sold On
-
MLS number
OC25011997
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.45M(92th), sqft - 2200(82th), beds - 6(96th), baths - 4(86th).

Incredible 2-UNITS ON ONE LOT for $747,500 Each UNIT In the heart of Garden Grove. 2 Detached Single-Family Homes. Unit 1-BRAND NEW ADU: Completed in 2025, Detached from the Main House, 3BED / 2BATH, approx. 1,050SF, 2-Car Driveway Parking. Market Rent: $3,500/month. Unit 2-FULLY REMODELED Main House: Loaded with new upgrades: 3BED / 2 BATH, approx. 1,150SF, Current Rent: $3,600/month. Separate Gas and Electric meters; tenants pay for all utilities. Maintenance will be hassle-free for the next 10+ years. Perfect for first time homeowners looking to live in one unit and rent out the other two units. Ideal choice for 1031-exchange opportunity, homeowners and investors. Don't miss this profitable opportunity!

Price History

Date
Event
Price
09/27/25
Price Change
$1,450,000-3.0%
08/02/25
$1,495,000
01/17/25
$1,550,000
Condition Rating
Excellent
This property features two units: a brand new ADU completed in 2025 and a fully remodeled main house with new upgrades. Both units showcase modern kitchens with new cabinets, countertops, and stainless steel appliances, and updated bathrooms with contemporary fixtures. New light wood-look laminate flooring is present throughout, and all visible components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards. The property is essentially new construction and a comprehensive recent renovation.
Pros & Cons

Pros

Exceptional Income-Generating Potential: Features two detached units (one brand new ADU, one fully remodeled main house) offering substantial rental income or flexible multi-generational living arrangements.
Brand New ADU Construction: The Accessory Dwelling Unit (ADU) is newly completed (2025), ensuring modern standards, energy efficiency, and minimal immediate maintenance requirements.
Fully Remodeled Main Residence: The primary home has undergone a comprehensive remodel with significant upgrades, presenting a contemporary and highly appealing living space.
Independent Utility Metering: Each unit benefits from separate gas and electric meters, simplifying tenant billing, reducing landlord overhead, and enhancing investment attractiveness.
Projected Low Maintenance: Due to recent construction and extensive remodeling, the property is anticipated to be 'hassle-free for the next 10+ years,' offering long-term operational cost savings.

Cons

Ambiguous ADU Completion Status: The ADU's 'Completed in 2025' status, coupled with a 2025 listing date, suggests potential uncertainty regarding immediate occupancy or rental availability, impacting projected income timelines.
History of Price Reductions: Multiple price adjustments from the original listing price may indicate an initial overvaluation or a challenge in meeting market expectations, potentially affecting buyer confidence.
Standard Neighborhood View: While a view is present, it is described as 'Neighborhood,' which does not offer a premium aesthetic or unique selling proposition compared to properties with more desirable scenic outlooks.

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