309 Grace Ave — La Habra Redevelopment Lot

Property Description

A rare redevelopment opportunity in La Habra, Orange County. This 6,560 sq ft R-1 zoned lot sits in a Transit Priority Area (TPA) and qualifies for SB 9 lot split — enabling up to 6 units by right with no discretionary review. Located one block from the recently rehabilitated Euclid Street and adjacent to the 151-acre Rancho La Habra mixed-use redevelopment. The existing 1961 structure (3 bed / 1 bath, ~1,100 sq ft) can be retained for immediate rental income or demolished to maximize development potential. Five distinct HBU scenarios modeled from status quo through maximum density, with projected ROI ranging from 1.9% to 62.6%.

Key Highlights

Financial Overview

All financial figures are illustrative only. AVM sourced from CoreLogic RealAVM™ (Jan 2026, confidence 89/100). Investors must conduct independent due diligence.