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12941 Josephine, Garden Grove, California 92841, Garden Grove, 92841 - 2 bed, 1 bath

12941 Josephine, Garden Grove, California 92841 home-pic-0
ACTIVE$890,000
12941 Josephine, Garden Grove, California 92841
2Beds
1Bath
832Sqft
6,773Lot
Year Built
1929
Close
-
List price
$890K
Original List price
$949K
Price/Sqft
$1,070
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251777
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $890.0K(4th), sqft - 832(2th), beds - 2(4th), baths - 1(11th).

Exceptional Opportunity in Garden Grove – Huge Lot + Home + Future Potential Nestled on a generous ~0.16-acre corner lot, this charming 1929 residence (832 sq ft, 2 bed/1 bath) offers immediate occupancy and long-term vision. With expansive yard space, dual street exposure, and a location that combines neighborhood charm with city convenience, this is a rare find for investors, builders or families seeking room to grow. Whether you plan to renovate and enjoy the home, add an ADU, or start fresh with a custom build, the canvas is yours. Located in the heart of Garden Grove with access to shopping, dining, schools and major freeways, don’t miss your chance to secure this flexible site with strong future upside.

Price History

Date
Event
Price
12/01/25
Price Change
$890,000-6.2%
10/31/25
Listing
$949,000
12/23/02
Sold
$190,000
Condition Rating
Fair
Built in 1929, this property is aged but appears to be maintained. The kitchen features updated stainless steel appliances and granite countertops, but the cabinet style and backsplash suggest a renovation that is likely 15-25 years old, making it functional but dated. The bathroom, however, is significantly older in style and condition, clearly requiring a full renovation. Other areas of the home also show signs of age and dated finishes. While immediately habitable, the property requires minor to substantial updates to meet current quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Large Corner Lot: The property boasts a generous ~0.16-acre corner lot (6773 sq ft) with dual street exposure, providing ample space, privacy, and flexibility for future development.
Significant Development Potential: Explicitly highlighted as an opportunity for investors, builders, or families, with options to renovate, add an ADU, or construct a custom build, offering strong future upside.
Desirable Garden Grove Location: Situated in the heart of Garden Grove, offering convenient access to essential amenities including shopping, dining, schools, and major freeways.
Immediate Occupancy: The existing 2-bedroom, 1-bathroom residence is available for immediate occupancy, providing flexibility for buyers to move in quickly.
Recent Price Adjustment: A recent price reduction from $949,000 to $890,000 enhances the property's value proposition and may indicate a motivated seller.

Cons

Advanced Age of Structure: Built in 1929, the existing 95-year-old home likely requires significant updates to its systems and aesthetics to meet modern living standards.
Limited Existing Living Space: The current residence is small at 832 sq ft with only 2 bedrooms and 1 bathroom, which may not accommodate larger families or those desiring more expansive living areas without renovation or expansion.
Potential for Extensive Renovation: While offering immediate occupancy, the property's age and small size strongly suggest that substantial renovation or a complete rebuild would be necessary to fully capitalize on the lot's potential and enhance its value.

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