12771 Lorna, Garden Grove, California 92841, Garden Grove, 92841 - 0 bed, 0 bath
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Garden Grove, California 92841
Analysis of 12771 Lorna, Garden Grove, California 92841 is currently available with a list price of $2,100,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Garden Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The MLS listing explicitly states that the house previously on the property was demolished by the current owner, and it is now a vacant parcel. Therefore, there is no existing residential structure to evaluate for condition, kitchen, bathrooms, or other interior features. The property's value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16329, living area = 2188.
The property boasts highly desirable R-3 zoning, specifically allowing for multi-family development, which is a significant asset for investors and builders.
Opportunity to build up to 6 units plus an Accessory Dwelling Unit (ADU), maximizing density and potential rental income or sales revenue.
Beyond the $2.1 million list price, the project demands substantial additional capital for design, permits, and construction of multiple units and an ADU.
Multi-unit development projects are inherently complex and time-consuming, involving lengthy planning, permitting, and construction phases before generating revenue.
As a vacant parcel, the property does not provide any immediate rental income, resulting in carrying costs (taxes, insurance) without offsetting revenue during the development period.
PRIME R-3 ZONED MULTI-FAMILY DEVELOPMENT OPPORTUNITY- UP TO 6 UNITS + ADU Come and explore this vacant parcel located in a beautiful and highly desirable Garden Grove neighborhood. Featuring a huge lot, this property offers exceptional potential—ideal for building 6 units and an ADU or creating a large private gated estate, depending on your vision. Similar multi-unit developments are already being constructed throughout the area. Whether you're a builder, investor, or developer, this property presents a rare chance to capitalize on Garden Grove's increasing demand for quality housing. Don't miss this opportunity to bring your next project to life in a thriving, sought-after community. Public records reflect a 3-bedroom, 2-bathroom, 2-story home previously on the property; however, the house has been demolished by the current owner a few months ago.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 2,188 | 1,568 | 90% |
| Lot Size | 16,329 | 8,554 | 90% |
| Price | $2.10M | $1.10M | 98% |
| Price per sq ft | $960 | $670 | 93% |
| Built year | 1935 | 1954 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 138 | 166 | 40% |
Dec 5, 2025
$2,100,000
Initial Listing
Nov 19, 2019
$1,250,000
Public Record