12372 Garden Grove Blvd, Garden Grove, CA 92843
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12372 Garden Grove Blvd Garden Grove, CA 92843

$6,500,000 Sold Price as of 08/05/2022
  • 0 Beds
  • 6 Baths
  • 10,500 Sq.Ft.
Sold
$6,500,000 Sold Price as of 08/05/2022 Refinance Your Mortgage

Map preview of 12372 Garden Grove Blvd, Garden Grove, CA 92843

Property Overview: 12372 Garden Grove Blvd Garden Grove, CA has -- bedrooms, 6 bathrooms, 10,500 living square feet and 50,678 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Completed rebuilt in 2020. Beautiful Medical Center with services in Dental, General Medical, Medical Spa, Pharmacy, and other services. Five separate units with little over 2000 sqft/unit. Each unit has main offices, private restrooms, kitchen, lab, and 8 patience privacy units. Very high traffic location just north from the 22 freeway, near all convenient services, southwest from Angel Stadium/Honda Center, Disneyland, and Anaheim convention Center. Current zoning on this parcel is HCSP-OP, Heavy Commercial and Office Professional Zone. Long term highly professional tenants. Must SEE to appreciate all high end building material and high tech equipment. AWESOME CAP rate close to 6%. This will go FAST.

Listed by Cindy Tran | BRE #01860350 | Golden Gates Realty & Invest
Last checked: 13 seconds ago | Last updated: September 1st, 2023 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
50,678
HOA Dues
$0/mo
Year built
2020
Garage
--
Property Type:
Office
Status
Sold
MLS#
PW22021649
City
Garden Grove
County
Orange
Time on Site
784 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $9,150
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $12,520
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $10,090
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Actual Rent: $12,247
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $10,000
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,000
  • Net Operating Income: --
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12372 Garden Grove Blvd

Interior Features
Laundry Information
  • Electric Dryer Hookup, Washer Hookup
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 10161102
  • Year Built Source: Seller
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Going East from Harbor Blvd on Garden Grove, building is on the right side before Garden Grove Hospital.
View more facts & features

Local Garden Grove Agent

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Sale History for 12372 Garden Grove Blvd

Last sold for $6,500,000 on August 5th, 2022
  • September, 2023

  • Sep 1, 2023

    Date

    Expired

    CRMLS: PW23076166

    $9,000,000

    Price

  • May 4, 2023

    Date

    Active

    CRMLS: PW23076166

    $8,500,000

    Price

  • Listing provided courtesy of CRMLS

    Completed rebuilt in 2020. Beautiful Medical Center with services in Dental, General Medical, Medical Spa, Pharmacy, and other services. Five separate units with little over 2000 sqft/unit. Each unit has main offices, private restrooms, kitchen, lab, and 8 patience privacy units. Very high traffic location just north from the 22 freeway, near all convenient services, southwest from Angel Stadium/Honda Center, Disneyland, and Anaheim Convention Center. Current zoning on this parcel is HCSP-OP. Long term highly professional tenants. Must SEE to appreciate all high-end, state of art, building material and high tech equipment. LOT OF POTENTIAL. Near Garden Grove Hospital. This will go FAST.

  • March, 2023

  • Mar 3, 2023

    Date

    Canceled

    CRMLS: OC22208164

    $8,750,000

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: OC22208164

    $9,500,000

    Price

  • Listing provided courtesy of CRMLS

    NEWLY 2020 REBUILT STATE-OF-THE-ART MEDICAL OFFICE BLDG, less than 500 FT from GARDEN GROVE HOSPITAL. 10,514 SF - Perfect for Office, Medical, or Retail space. Major Unit Functions: Individual Unit includes Kitchen, Restrooms, Lab, and Multiple Patient Privacy. Special: Unit A occupied by Dental Tenant until OCT 2025, ProForma approx. $10K/MTh per Unit; Unit D option to be split into 2. Great Opportunity for Investors /Owner-Users - Potential as an Urgent Care facility. Located in Close Proximity to Pharmacies-Health Services-Major Attractions-Great Wolf Lodge-Disneyland. Heavy car traffic on Harbor and Garden Grove Blvd. One block away from 22 Fwy. Zoning is HCSP-OP.

  • March, 2023

  • Mar 3, 2023

    Date

    Canceled

    CRMLS: OC22206608

    --

    Price

  • Sep 26, 2022

    Date

    Active

    CRMLS: OC22206608

    --

    Price

  • Listing provided courtesy of CRMLS

    4 AVAILABLE UNITS FOR LEASE NEWLY 2020 REBUILT STATE-OF-THE-ART MEDICAL OFFICE BLDG, less than 500 FT from GARDEN GROVE HOSPITAL. Unit B: 2,309 SF – Unit C: 1,861 SF - Unit D: 4,518 SF (Avail as 2 Units). $50 per square foot per year. TIs: Negotiable. Perfect for Office, Medical. Major Unit Functions: Individual Unit includes Kitchen, Restrooms, Lab, and Multiple Patient Privacy. Plenty of parking, close proximity to Harbor and Garden Grove Blvd. Heavy car traffic. One block away from 22 Fwy. Zoning is HCSP-OP. Class A Building in a heavily populated area. Must see to appreciate!

  • September, 2022

  • Sep 22, 2022

    Date

    Canceled

    CRMLS: OC22180843

    $8,932

    Price

  • Aug 16, 2022

    Date

    Active

    CRMLS: OC22180843

    $8,932

    Price

  • Listing provided courtesy of CRMLS

    - Medical building offices for lease., All brand new recently build in 2020 - Harbor Blvd. & Garden Grove Blvd. - 53 parking spaces. Parking ratio 10.3:1 - Available medical offices for lease: 1,861 sf & 2,259 sf., - TI allowance is negotiable - Minutes to Garden Grove Hospital & Medical Center - Unit C: 1,861 sqft: $4.80 per sqft w/ $.40 per sqft NNN E: 2,259 sqft: $4.80 per sqft w/ $.40 per sqft NNN

  • March, 2022

  • Mar 23, 2022

    Date

    Active

    CRMLS: PW22021649

    $9,000,000

    Price

  • June, 2020

  • Jun 11, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2018

  • Jul 9, 2018

    Date

    Sold

    CRMLS: IV18017398

    $2,800,000

    Price

  • Apr 10, 2018

    Date

    Pending

    CRMLS: IV18017398

    $2,800,000

    Price

  • Mar 20, 2018

    Date

    Price Change

    CRMLS: IV18017398

    $2,800,000

    Price

  • Mar 2, 2018

    Date

    Price Change

    CRMLS: IV18017398

    $2,995,000

    Price

  • Jan 24, 2018

    Date

    Active

    CRMLS: IV18017398

    $3,035,000

    Price

  • Listing provided courtesy of CRMLS

    **MAJOR PRICE REDUCTION, SELLER MOTIVATED** 10,514 SF Gross Leasable Area 39,265 SF lot 59 parking spots (5.61 Spaces/1,000 SF) The parking lot can be restriped for more parking spaces, to meet current medical use requirements. Fully perfect opportunity for a medical office owner-occupy conversion. Plenty of parking to support this use. Within a 500 feet of Garden Grove Hospital and Medical Center. As a shell location with fantastic parking, this property has great conversion potential and wonderful curb appeal. Surrounding uses include: Assisted living centers National retail and restaurant chains Garden Grove Hospital Public Transit stops

  • July, 2018

  • Jul 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,800,000

    Price

Show More

Tax History for 12372 Garden Grove Blvd

Assessed Value (2020): $2,856,000
Year Land Value Improved Value Assessed Value
2020 $2,323,560 $532,440 $2,856,000

Home Value Compared to the Market

This property vs the competition

12372 Garden Grove Blvd sold on August 5, 2022 for 984.34% higher than the current median sold price for the city of Garden Grove which is $830,000. The median sold price per/sqft for Garden Grove is $536 and this home is sold at $857.14 per/sqft which puts the price per square foot 59.91% higher than the current median sale per square foot for the city of Garden Grove.

About 12372 Garden Grove Blvd

Detailed summary of property

12372 Garden Grove Blvd is a office that recently sold in Garden Grove, CA 92843. This office offered -- bedrooms, 6 bathrooms, roughly 10,500 living square feet, and sits on an approximately 50,678 square foot lot. 12372 Garden Grove Blvd was first listed on ArdentRealEstateGroup.com on February 3, 2022. The homeowner sold the property for $6,500,000. Home in Garden Grove are selling for a median price of $830,000 and a median price per square foot of $536. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 984.34% higher than the current median priced home. While the average home in Garden Grove, CA is selling in 31 days, 12372 Garden Grove Blvd has a days on market of 64 days. There are currently 109 homes for sale in the Garden Grove real estate market and 85 of them are single family homes while 16 of them are condos and 8 are townhomes. For more information on this home for sale at 12372 Garden Grove Blvd Garden Grove, CA 92843 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 12372 Garden Grove Blvd

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
8,400
Lot Size
39,109
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
101-611-02

The source for these homes facts are from public records.

92843 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$890,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
16
Median Sale to List Price %
101.14%
Avg Days on Market
44
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (37.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.