11402 Morgan Lane, Garden Grove, California 92840, Garden Grove, - bed, bath
ACTIVE$1,450,000
11402 Morgan Lane, Garden Grove, California 92840
6Beds
4Baths
2,200Sqft
7,197Lot
Year Built
2024
Close
-
List price
$1.45M
Original List price
$1.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25011997
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
Incredible 2-UNITS ON ONE LOT for $747,500 Each UNIT In the heart of Garden Grove. 2 Detached Single-Family Homes. Unit 1-BRAND NEW ADU: Completed in 2025, Detached from the Main House, 3BED / 2BATH, approx. 1,050SF, 2-Car Driveway Parking. Market Rent: $3,500/month. Unit 2-FULLY REMODELED Main House: Loaded with new upgrades: 3BED / 2 BATH, approx. 1,150SF, Current Rent: $3,600/month. Separate Gas and Electric meters; tenants pay for all utilities. Maintenance will be hassle-free for the next 10+ years. Perfect for first time homeowners looking to live in one unit and rent out the other two units. Ideal choice for 1031-exchange opportunity, homeowners and investors. Don't miss this profitable opportunity!
Price History
Date
Event
Price
09/27/25
Price Change
$1,450,000-3.0%
08/02/25
$1,495,000
01/17/25
$1,550,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (77 Listings) | |
|---|---|---|---|
| Beds | 6 | 3 | 95% |
| Baths | 4 | 2 | 88% |
| Square foot | 2,200 | 1,582 | 82% |
| Lot Size | 7,197 | 7,439 | 14% |
| Price | $1.45M | $1.04M | 91% |
| Price per square foot | $659 | $651 | 53% |
| Built year | 2024 | 9775978 | 100% |
| HOA | |||
| Days on market | 291 | 150 | 97% |
Condition Rating
Excellent
This property features a brand new ADU (completed 2025) and a main house that has been fully remodeled with new upgrades. Both units showcase modern kitchens with new cabinets, countertops, and stainless steel appliances, updated bathrooms, and consistent new flooring throughout. The overall condition is virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Exceptional Income Potential: The property features two detached units with strong combined market rents of $7,100/month ($3,500 for the ADU, $3,600 for the main house), offering significant cash flow for investors or substantial mortgage assistance for owner-occupants.
Turnkey & Low Maintenance: One unit is a brand new ADU (completed 2025) and the main house is fully remodeled with new upgrades, ensuring a modern, move-in ready condition and promising 'hassle-free maintenance for the next 10+ years'.
Versatile Living & Investment Options: This property is perfectly suited for various buyer profiles, including multi-generational families, owner-occupants seeking rental income to offset costs, pure investors, and those looking for a 1031-exchange opportunity.
Independent Utility Management: Separate gas and electric meters for each unit simplify tenant billing and reduce landlord responsibilities, making it a highly attractive and efficient investment property.
Detached Units for Privacy: Both units are detached single-family homes, providing greater privacy, independence, and a more desirable living experience for occupants compared to attached multi-unit properties.
Cons
High Price Point: The $1.45 million list price represents a significant investment for the Garden Grove market, which may narrow the pool of potential buyers despite the dual-unit advantage.
Modest Individual Unit Sizes: Each unit offers approximately 1,050 sqft and 1,150 sqft respectively. While functional, these individual living spaces might be considered modest for some families or tenants seeking more expansive homes.
Limited Specific Outdoor Amenities: The property description does not detail specific private outdoor spaces, dedicated yards for each unit, or recreational areas, which could be a drawback for occupants valuing robust outdoor living options.