12411 Magnolia St, Garden Grove, CA 92841
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12411 Magnolia St Garden Grove, CA 92841

$1,550,000 Sold Price as of 10/08/2021
  • 22 Beds
  • 12 Baths
  • 2,600 Sq.Ft.
Sold
$1,550,000 Sold Price as of 10/08/2021 Refinance Your Mortgage

Map preview of 12411 Magnolia St, Garden Grove, CA 92841

Property Overview: 12411 Magnolia St Garden Grove, CA has 22 bedrooms, 12 bathrooms, 2,600 living square feet and 12,197 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A new and exciting commercial property is on the market. It’s not every day that such a facility becomes available in Garden Grove. The single-story property used to operate as an assisted living facility, features 11 bedrooms, is permitted for 18 beds, and offers abundant parking; it is just waiting for the right person to come along and bring new life to it. Among several amenities, the property features a large kitchen, built for function and ease of use, plenty of storage, and a 2-car garage in addition to the numerous parking spaces. Located in the bustling city center of Garden Grove, this property is close to local amenities and services such as banks, grocery stores, and fast-food restaurants; and it’s only a mile from the freeway and roughly 5 miles from Disneyland, providing a prime spot for an exceptional investment opportunity. With a little bit of attention and a few well-placed upgrades, this property could become something truly great. It could be revived as an assisted living facility or, if the city allows it, it could be made into a doctor’s office to make use of its 11 bedrooms or converted for any number of uses. And since it’s close to so many local amenities and is located in such an advantageous place, this will be a perfect opportunity for someone looking to make a difference in their community. Also, an additional investment opportunity, is the possible potential to convert, combine, and expand the two neighboring residential properties into one commercial property. Act quickly, as this property is priced to sell. 12411 Magnolia Street is a blank slate — a chance to make it your own and leave your mark.

Listed by Kiro Awad | BRE #02031055 | Compass
Co-listed by Mary Awad | BRE #02069741 | Compass
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
12,197
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
SW21171878
City
Garden Grove
County
Orange
Time on Site
1141 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 11
  • # of Baths: 6
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 12411 Magnolia St

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 13320106
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on South Magnolia and Lampson St near the 22 FWY.
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Sale History for 12411 Magnolia St

Last sold for $1,550,000 on October 8th, 2021
  • August, 2021

  • Aug 20, 2021

    Date

    Pending

    CRMLS: SW21171878

    $1,600,000

    Price

  • Aug 6, 2021

    Date

    Active

    CRMLS: SW21171878

    $1,600,000

    Price

  • Aug 5, 2021

    Date

    Coming Soon

    CRMLS: SW21171878

    $1,600,000

    Price

  • June, 1995

  • Jun 22, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1994

  • Feb 18, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 12411 Magnolia St

Assessed Value (2020): $568,269
Year Land Value Improved Value Assessed Value
2020 $284,144 $284,125 $568,269

Home Value Compared to the Market

This property vs the competition

12411 Magnolia St sold on October 8, 2021 for 89.35% higher than the current median sold price for the city of Garden Grove which is $845,000. The median sold price per/sqft for Garden Grove is $595 and this home is sold at $615.38 per/sqft which puts the price per square foot 3.43% higher than the current median sale per square foot for the city of Garden Grove.

About 12411 Magnolia St

Detailed summary of property

12411 Magnolia St is a mixed use that recently sold in Garden Grove, CA 92841. This mixed use property offered 22 bedrooms, 12 bathrooms, roughly 2,600 living square feet, and sits on an approximately 12,197 square foot lot. 12411 Magnolia St was first listed on ArdentRealEstateGroup.com on August 5, 2021. The homeowner sold the property for $1,550,000. Home in Garden Grove are selling for a median price of $845,000 and a median price per square foot of $595. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 89.35% higher than the current median priced home. Local homes that are currently for sale include 8201 Central Ave, 715 E Manchester Ave and 104 S Breed St. While the average home in Garden Grove, CA is selling in 34 days, 12411 Magnolia St has a days on market of 13 days. There are currently 157 homes for sale in the Garden Grove real estate market and 112 of them are single family homes while 37 of them are condos and 8 are townhomes. For more information on this home for sale at 12411 Magnolia St Garden Grove, CA 92841 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 12411 Magnolia St

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
2,110
Lot Size
11,666
Stories
1
Type
Commercial Building, Mail Order, Show Room (Non-Auto), Commercial Whse
Pool
Yes
Spa
No
County
Orange
Lot#
--
APN
133-201-06

The source for these homes facts are from public records.

92841 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,500
Median List Price/Sq.Ft.
$571
Median Sold Price
$925,000
Median Sold Price/Sq.Ft.
$646
Total Inventory
31
Median Sale to List Price %
105.71%
Avg Days on Market
14
Loan Type
Conventional (53.85%), FHA (0%), VA (0%), Cash (7.69%), Other (38.46%)

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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.