12941 Josephine, Garden Grove, California 92841, Garden Grove, - bed, bath

home-pic
ACTIVE$949,000
12941 Josephine, Garden Grove, California 92841
2Beds
1Bath
832Sqft
6,773Lot
Year Built
1929
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251777
Home ConditionPoor
Features
Patio
View-

About this home

Exceptional Opportunity in Garden Grove – Huge Lot + Home + Future Potential Nestled on a generous ~0.16-acre corner lot, this charming 1929 residence (832 sq ft, 2 bed/1 bath) offers immediate occupancy and long-term vision. With expansive yard space, dual street exposure, and a location that combines neighborhood charm with city convenience, this is a rare find for investors, builders or families seeking room to grow. Whether you plan to renovate and enjoy the home, add an ADU, or start fresh with a custom build, the canvas is yours. Located in the heart of Garden Grove with access to shopping, dining, schools and major freeways, don’t miss your chance to secure this flexible site with strong future upside. Great opportunity! The adjoining lot and property are also available for purchase—perfect for buyers looking to expand or combine properties. MLS # OC25232456, address: 12931 Josephine St, Garden Grove CA 92841

Price History

Date
Event
Price
10/31/25
Listing
$949,000
12/23/02
Sold
$190,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (48 Listings)
Beds23
4%
Baths12
10%
Square foot8321,514
2%
Lot Size6,7737,936
10%
Price$949K$1.06M
22%
Price per square foot$1,141$695
96%
Built year19291955
2%
HOA
Days on market6142
2%
Condition Rating
Poor

Built in 1929, this property is nearly a century old. While the kitchen features updated stainless steel appliances and granite countertops, the cabinets are dated, and there are no images of the bathroom, which is likely in original or very old condition. The listing description explicitly states the home is 'significantly dated' and suggests 'extensive renovation or complete redevelopment' is likely needed, with the primary value being in the land. This indicates the existing structure requires substantial repairs and rehabilitation to meet modern living standards, aligning with a 'poor' condition score.
Pros & Cons

Pros

Exceptional Development Potential: The generous ~0.16-acre corner lot with dual street exposure is explicitly marketed for investors, builders, or families looking to add an ADU or custom build, offering significant future upside.
Strategic Location: Situated in the heart of Garden Grove, providing convenient access to shopping, dining, schools, and major freeways, enhancing its long-term value.
Generous Corner Lot: A substantial 6,773 sq ft corner lot offers ample space for expansion, landscaping, or new construction, benefiting from increased privacy and accessibility.
Adjacent Lot Expansion Opportunity: The unique availability of the adjoining lot for purchase presents a rare chance to significantly expand the property footprint or combine for a larger development project.
Immediate Occupancy: The existing 2-bed, 1-bath home is immediately habitable, providing flexibility for buyers to live in or rent out while planning future renovations or developments.

Cons

Outdated and Small Structure: The 1929-built, 832 sq ft home is significantly dated and small, likely necessitating extensive renovation or complete redevelopment to align with modern living standards.
Overpriced Relative to Market Estimate: The listing price of $949,000 is approximately 14% higher than the estimated market value of $811,071, which may deter potential buyers or lead to prolonged market time.
Limited Current Livability: The small 2-bedroom, 1-bathroom configuration offers limited immediate comfort and space for most families, suggesting the primary value lies in the land and its development potential rather than the existing dwelling.

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