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Koreatown Multifamily Home for Sale

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    $4,600,000

    • 21 Beds
    • 15 Baths
    • 11,414 Sq Ft

    12841 Nutwood St, Garden Grove, CA 92840

    Located on a larger lot (34,848 SF), 12841-12879 Nutwood Street is a 15-unit value-add multifamily investment opportunity. The property features single-story one-bedroom (1950's construction) & two-bedroom units (1986 construction)unit mix each with an enclosed private patio or balcony. Recent improvements include brand new subpanels in all one-bedroom units and (5) units renovated - all with PEX

    Daniel Blackwell CB Richard Ellis, Inc.

    12841 Nutwood St, Garden Grove, CA 92840

Why Live in Koreatown

Koreatown in Garden Grove, officially recognized as "Orange County Koreatown" in 2019, is a culturally rich enclave known for its concentration of Korean American businesses and vibrant community life. Established as a cultural hub in the 1970s, the neighborhood features midcentury single-level homes, including ranch styles, along with some older and newer builds. The residential streets exude a suburban feel with clean sidewalks and well-maintained yards. Home prices range from approximately $600,000 to $1.5 million for single-family homes, while townhouses and condos are priced between $400,000 and $600,000. The area is noted for its affordability and appeal to commuters working in other parts of Orange County or Downtown LA. Parents will appreciate the highly rated schools, including Stanford Elementary, Alamitos Intermediate School, and Rancho Alamitos High School, all of which have received commendable ratings. Additionally, Olive Crest Academy offers a private education option. Local attractions include the annual OC Arirang Festival, a four-day celebration of Korean American culture, and a variety of dining options featuring Korean cuisine. Grocers like H-Mart and Korea Plaza provide ingredients for home cooking. The neighborhood is conveniently located near state routes 39 and 22, offering access to regional destinations such as Santa Ana, Disneyland in Anaheim, and Huntington Beach. With its blend of cultural heritage and suburban comfort, Koreatown in Garden Grove presents a unique Orange County lifestyle.

Home Trends in Koreatown, CA

Housing Trends

Median Sale Price
$515,000
Median Single Family Sale Price
$975,000
Median 2 Bedroom Sale Price
$375,000
Median 1 Bedroom Sale Price
$253,000
Average Price Per Sq Ft
$478
Number of Homes for Sale
7
Last 12 months Home Sales
17
Months of Supply
4.90
Median List Price
$975,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%
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