8842 Calico Avenue, Garden Grove, California 92841, Garden Grove, 92841 - 3 bed, 1 bath
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Garden Grove, California 92841
This property presents a High-Potential Investment Opportunity with a List Price of $889,000—positioned above the $837,351 Fair Market Value. While the price reflects the market, the 7,458-square-foot lot offers significant upside for expansion or an ADU. With a Condition Rating of 5, the home requires comprehensive renovation, providing a blank canvas for value-add strategies. Located in the Garden Grove Unified district, this asset is ideal for Buy-and-Hold Investors or Contractors seeking to build equity through strategic modernization and structural improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8842 Calico Avenue Subject | $889,000* List Price | 3 | 1 | 995 | $842 | - |
A 8802 Calico Avenue Sold | $825,000 | 3 | 2 | 1,114 | $741 | 0.0 mi |
B 8951 Blossom Sold | $953,500 | 3 | 2 | 1,114 | $856 | 0.1 mi |
C 8962 Blossom Sold | $900,000 | 3 | 2 | 1,114 | $808 | 0.1 mi |
D 12941 Josephine Sold | $840,000 | 2 | 1 | 832 | $1,010 | 0.8 mi |
E 8591 Amy Avenue Sold | $841,000 | 4 | 2 | 1,207 | $697 | 0.3 mi |
F 8621 Salish Road Sold | $1,020,000 | 4 | 2 | 1,210 | $843 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 and on the market for the first time in decades, the property is over 30 years old with no recorded renovations. The listing explicitly calls for a contractor to 'restore' and 'renovate' the home, indicating original systems and significant deferred maintenance, though the 'solid foundation' suggests it is a rehab project rather than a complete tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7458, living area = 995.
The expansive 7,458-square-foot lot provides significant potential for home expansion, a large outdoor entertaining area, or the addition of an Accessory Dwelling Unit (ADU).
Ideally situated near major Southern California attractions, professional sports venues, and convenient freeway access, offering high desirability and long-term value.
With under 1,000 square feet of living space and only one bathroom, the current footprint is small for modern family standards and may require a costly addition.
The 1955 original condition suggests the need for significant capital investment to update aging systems and finishes to meet contemporary building codes and buyer expectations.
First time on the market in decades, 8842 Calico presents a rare opportunity to create the home you've always envisioned. Lovingly held by the same family for many years, this property is ready for its next chapter and awaits a new owner with the imagination to restore, renovate, and make it their own. Offering approximately 995 square feet of living space with 3 bedrooms and 1 bathroom, the home sits on a generous 7,458-square-foot lot, providing plenty of room to reimagine the existing space or explore future possibilities. Whether you're looking to update the current floor plan, create a beautiful outdoor entertaining area, or simply invest in a property with tremendous upside, this home offers a solid foundation for your vision. Ideally located near schools, shopping, dining, parks, amusement parks, professional sports venues, and convenient freeway access, you'll enjoy the benefits of an established neighborhood while adding your own personal style and value. Homes with this combination of location, lot size, and untapped potential rarely come available. Bring your contractor, your creativity, and your dreams—8842 Calico is the perfect opportunity for buyers looking to build equity and transform a well-loved house into a truly special home. MORE PICTURES TO FOLLOW
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 995 | 1,496.5 |
| Lot Size | 7,458 | 7,260.5 |
| Price | $889.0K | $1.07M |
| Price per sq ft | $893 | $717 |
| Built year | 1955 | 1956 |
| HOA | $0 | $98 |
| Days on market | 12 | 45 |
Jul 10, 2026
$889,000
Initial Listing