12931 Josephine, Garden Grove, California 92841, Garden Grove, - bed, bath

home-pic
ACTIVE$849,000
12931 Josephine, Garden Grove, California 92841
1Bed
1Bath
598Sqft
6,773Lot
Year Built
1947
Close
-
List price
$849K
Original List price
$849K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25232456
Home ConditionTear down
Features
View-

About this home

Rare opportunity in the heart of Garden Grove! This property offers a spacious lot with incredible potential for builders, investors, or homeowners ready to create their dream estate. Situated on a quiet residential street, the lot provides plenty of room for expansion, a new custom build, or multi-unit possibilities (buyer to verify with city). The property currently features a cozy cottage, sits on a generous parcel with mature landscaping and wide frontage, making it a prime candidate for redevelopment or renovation. With Garden Grove’s strong rental market and central location near schools, shopping, dining, Disneyland Resort, and major freeways (22, 5, and 405), this property is positioned for both convenience and long-term value. Whether you’re looking to build new construction, add an accessory dwelling unit (ADU), or hold as an investment, this is the blank canvas you’ve been waiting for. Don’t miss this versatile opportunity to build, invest, or simply enjoy the benefits of a spacious lot in one of Garden Grove’s most desirable neighborhoods! Great opportunity! The adjoining lot and property are also available for purchase—perfect for buyers looking to expand or combine properties. MLS # OC25251777, address: 12941 Josephine St, Garden Grove CA 92841

Price History

Date
Event
Price
10/03/25
Listing
$849,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (49 Listings)
Beds13
2%
Baths12
10%
Square foot5981,522
2%
Lot Size6,7737,888
10%
Price$849K$1.07M
4%
Price per square foot$1,420$691.5
96%
Built year19479775978
4%
HOA
Days on market33146
2%
Condition Rating
Tear down

The property was built in 1947, making it over 50 years old. The listing description explicitly frames the property as a 'blank canvas' with 'incredible potential for builders, investors, or homeowners ready to create their dream estate,' emphasizing 'redevelopment or renovation.' The property analysis further states the existing structure is 'likely necessitating a tear-down or extensive renovation' and is 'unsuitable for most families seeking immediate move-in.' There are no images of the kitchen or bathroom, but given the age and the property's positioning as a development opportunity, the existing structure is considered beyond repair for modern living standards, with its value primarily in the land.
Pros & Cons

Pros

Exceptional Development Potential: The generous 6,773 sqft lot offers significant opportunities for expansion, new custom construction, multi-unit development, or adding an ADU, appealing to builders and investors.
Prime Central Garden Grove Location: Situated in the heart of Garden Grove, providing excellent access to schools, shopping, dining, Disneyland Resort, and major freeways (22, 5, 405).
Strong Investment & Rental Market: Located in an area with a robust rental market, positioning the property for long-term value appreciation and income potential.
Spacious & Versatile Lot: A generous parcel with wide frontage and mature landscaping, offering a 'blank canvas' for various residential projects.
Adjacent Lot Purchase Option: The availability of the adjoining lot for purchase presents a rare opportunity for buyers seeking to expand or combine properties for larger-scale development.

Cons

Limited Existing Livable Space: The current structure is a small 598 sqft cottage with 1 bed/1 bath, making it unsuitable for most families seeking immediate move-in and likely necessitating a tear-down or extensive renovation.
Age of Existing Structure: Built in 1947, the existing home is significantly aged, suggesting potential for outdated systems, structural issues, and higher renovation costs.
Requires Substantial Additional Investment: The property is presented as a 'blank canvas,' implying that significant capital investment beyond the purchase price will be required for construction or major redevelopment to realize its full potential.

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