12771 Lorna, Garden Grove, California 92841, Garden Grove, 92841 - bed, bath
12771 Lorna
Garden Grove, California 92841
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime R-3 Zoning
The property boasts highly desirable R-3 zoning, specifically allowing for multi-family development, which is a significant asset for investors and builders.
- High Development Potential
Opportunity to build up to 6 units plus an Accessory Dwelling Unit (ADU), maximizing density and potential rental income or sales revenue.
CONSRISKS & DEFICIENCIES
- Significant Capital Investment Required
Beyond the $2.1 million list price, the project demands substantial additional capital for design, permits, and construction of multiple units and an ADU.
- Extended Development Timeline
Multi-unit development projects are inherently complex and time-consuming, involving lengthy planning, permitting, and construction phases before generating revenue.
- No Immediate Income Generation
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.
About 12771 Lorna
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 16,329 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.5 | 2% |
| Baths | - | 2.0 | 2% |
| Square foot | 2,188 | 1,504.5 | 91% |
| Lot Size | 16,329 | 8,148.5 | 86% |
| Price | $2.10M | $1.02M | 95% |
| Price per sq ft | $960 | $659 | 93% |
| Built year | 1935 | 1955 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 166 | 20% |
Pricing History
Listed for Sale
Dec 5, 2025
$2,100,000
Initial Listing
Sold
Nov 19, 2019
$1,250,000
Public Record