9611 Alwood Avenue, Garden Grove, California 92841, Garden Grove, 92841 - 5 bed, 5 bath

9611 Alwood Avenue, Garden Grove, California 92841 home-pic-0
ACTIVE$1,690,000
9611 Alwood Avenue, Garden Grove, California 92841
5Beds
5Baths
2,500Sqft
15,682Lot

Price Vs. Estimate

The estimated value ($1,022,198.505) is $667,801.495 (39%) lower than the list price ($1,690,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 15682, living area = 2500.
Top Cons:
Significant Price Discrepancy: The listing price of $1.69M is considerably higher than the estimated property value of $1.02M, indicating potential overpricing or a valuation gap for its development potential.

Compared to the nearby listings

Price:$1.69M vs avg $1.10M (+$590,000)96%
Size:2,500 sqft vs avg 1,580 sqft96%
Price/sqft:$676 vs avg $67650%

More Insights

Built in 1927 (98 years old).
Condition: Built in 1927, the property's age and the complete absence of interior photos strongly suggest the existing structure is in a state requiring demolition. The listing description and property analysis explicitly highlight the land's development potential (Mixed Use 2 zoning) and state the existing residence would 'likely requiring extensive renovation or demolition,' indicating the property's value is solely in the land for redevelopment.
Year Built
1927
Close
-
List price
$1.69M
Original List price
$1.69M
Price/Sqft
$676
HOA
-
Days on market
-
Sold On
-
MLS number
OC25020515
Home ConditionTear down
Features
View-

About this home

Unmatched Opportunity in Garden Grove's Prime Location.This is an extraordinary chance to live, develop, or invest in one of Garden Grove’s most highly sought-after neighborhoods. The 0.36-acre property is zoned Mixed Use 2 (GGMU-S), unlocking unparalleled potential for multi-unit development or a blend of commercial and residential use. Situated near CA-22, this property is perfectly positioned to capitalize on the area's rapid growth and increasing demand. Conveniently located minutes from top amenities including schools, Costco, 24-Hour Fitness, Home Depot, Little Saigon, Koreatown, and an array of dining and shopping options, this lot offers unmatched accessibility and exposure. The property is strategically located between two large apartment complexes, with more directly across the street, making it an ideal choice for multi-family development. Additionally, you’re just a short drive from Disneyland and the bustling Anaheim Entertainment District—two of the region’s most iconic destinations. This property is poised to be a cornerstone in the ongoing expansion of Garden Grove, offering a high-visibility location that benefits from both urban convenience and suburban appeal. Whether you're looking to build, invest, or capitalize on long-term appreciation, this opportunity is a must-see. Secure your stake in one of the fastest-growing areas in Southern California.

Condition Rating
Tear down

Built in 1927, the property's age and the complete absence of interior photos strongly suggest the existing structure is in a state requiring demolition. The listing description and property analysis explicitly highlight the land's development potential (Mixed Use 2 zoning) and state the existing residence would 'likely requiring extensive renovation or demolition,' indicating the property's value is solely in the land for redevelopment.
Pros & Cons

Pros

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 = 15682, living area = 2500.
Mixed-Use Zoning (GGMU-S): The property boasts Mixed Use 2 (GGMU-S) zoning, offering unparalleled potential for multi-unit residential or commercial/residential blended development.
Prime & Strategic Location: Situated in a highly sought-after Garden Grove neighborhood, near CA-22, and strategically positioned between existing apartment complexes, ideal for multi-family development.
Generous Lot Size: A substantial 0.36-acre (15,682 sqft) lot provides ample space for significant development projects in a dense urban area.
Proximity to Essential Amenities: Conveniently located minutes from schools, major retailers (Costco, Home Depot), fitness centers, and diverse dining/shopping options in Little Saigon and Koreatown.
Access to Major Attractions: Just a short drive from Disneyland and the Anaheim Entertainment District, enhancing its appeal for future residents or commercial ventures.

Cons

Significant Price Discrepancy: The listing price of $1.69M is considerably higher than the estimated property value of $1.02M, indicating potential overpricing or a valuation gap for its development potential.
Age of Existing Structure: Built in 1927, the existing single-family residence is very old, likely requiring extensive renovation or demolition, adding significant costs to any development plan.
High Capital Requirement: Realizing the property's full development potential necessitates a substantial initial investment for planning, permits, demolition, and new construction, making it a capital-intensive project.

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