12442 Pine, Garden Grove, California 92840, Garden Grove, 92840 - 3 bed, 2 bath
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Garden Grove, California 92840
This property presents a High-Potential Investment Opportunity with a List Price of $998,000—positioned above the $939,944 Fair Market Value. While the price reflects the land value, the 8,100 square foot lot offers significant ADU potential and room for expansion. With a Condition Rating of 5, the home requires a full rehab, making it a prime Value-Add Asset. Located in the Garden Grove Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize long-term equity through development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12442 Pine Subject | $998,000* List Price | 3 | 2 | 1,393 | $675 | - |
A 12661 Strathmore Sold | $1,070,000 | 3 | 2 | 1,450 | $738 | 0.6 mi |
B 12422 Euclid Street Sold | $877,000 | 3 | 1 | 1,448 | $606 | 0.2 mi |
C 11031 Jerry Sold | $1,100,000 | 3 | 1 | 1,368 | $804 | 0.2 mi |
D 11691 Chester Sold | $935,000 | 3 | 2 | 1,491 | $627 | 0.5 mi |
E 12061 Nutwood Sold | $985,000 | 3 | 2 | 1,394 | $707 | 0.8 mi |
F 12672 Woodland Sold | $970,000 | 3 | 2 | 1,538 | $631 | 0.7 mi |
G 12432 Pine Active | $998,000 List Price | 3 | 2 | 1,471 | $678 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 (74 years old) with no mentioned renovations to kitchen, baths, or systems; marketing focuses on 'limitless potential' and 'investment' value, indicating a need for a full rehab.
The massive 8,100 square foot flat lot is a rare find in this area, offering an open canvas for a custom outdoor oasis or a detached Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
Situated in a family-friendly neighborhood, the property is minutes away from top-rated local schools including Agnes Ware Stanley Elementary, Ralston Intermediate, and Garden Grove High School.
The property offers a versatile three-space parking layout featuring a detached garage, a convenient carport, and a long driveway, providing ample space for multiple vehicles or recreational storage.
Built in 1950, the home may require significant updates to its original systems and cosmetic finishes to align with modern efficiency and design standards.
At nearly $1,000,000 for 1,393 square feet of living space, the high price per square foot reflects the land value rather than the interior size, which may be a drawback for buyers prioritizing indoor living area.
Nestled in an established, family-friendly neighborhood, this home places you minutes from everything you need. Families will love the close proximity to top-rated local schools, including Agnes Ware Stanley Elementary, Ralston Intermediate, and Garden Grove High School. Enjoy quick access to local dining, major shopping hubs, and nearby freeways for a seamless commute. Whether you are looking for your forever home or a high-upside investment with room to expand, the potential here is truly limitless. The true crown jewel of this property is its massive 8,100 square foot flat lot. A lot of this size is a rare find, offering a completely open canvas for an Outdoor Oasis, room for a custom swimming pool, covered patio, and outdoor kitchen. ADU potential excellent space to build a detached Accessory Dwelling Unit for rental income or multi-generational living. Premium Parking: A 3-space layout featuring a detached garage, convenient carport, and a long driveway.
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 | 1,393 | 1,496.5 |
| Lot Size | 8,100 | 7,260.5 |
| Price | $998.0K | $1.07M |
| Price per sq ft | $716 | $717 |
| Built year | 1950 | 1956 |
| HOA | $0 | $98 |
| Days on market | 14 | 45 |
Jul 8, 2026
$998,000
Initial Listing
Jun 9, 2026
$925,000
Public Record