10442 Lampson, Garden Grove, CA, CA 92840
- $12,000,000
- List Price
- $12,000,000
- Status
- ACTIVE
- MLS#
- OC26165842
- County
- Orange
- Year Built
- 1963
- Building Square Feet
- 26,700
- Square Feet
- 40,477
- Days on Market
- 6
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
10442 Lampson Avenue is a 33-unit apartment community in Garden Grove, California, offering an all two-bedroom, one-bathroom unit mix. The property underwent extensive recent capital improvements in 2022. This includes full renovations of all original 900-square-foot units, and the addition of six newly constructed ADUs. Ownership has invested heavily in improving the property with interior upgrades consisting of shaker cabinets, quartz countertops, vinyl plank flooring, recessed lighting, stainless steel ranges with vent hoods, updated bathroom vanities, dual-pane windows, mini-split air conditioning, and modern fixtures. The result is a cohesive community with updated interiors across all 33 units. This combination of desirable floor plans, premium interior upgrades, and consistent unit mix attracts a broad tenant base seeking quality housing in a central Orange County location. The property also features controlled access with a call box, on-site laundry facilities, and a mix of garage, carport, and surface parking. Well-maintained landscaping and open courtyard areas provide an attractive environment for residents while offering future ownership the opportunity to further enhance the common areas. Combining spacious floor plans, recent significant capital improvements, and a desirable Garden Grove location, 10442 Lampson Avenue presents a strong long-term multifamily investment with stable tenant demand.
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Additional Information
- Parcel Number
- 08906409
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $959,001
- Operating Expense
- 304380
- Net Operating Income
- $648,101
- Number of Buildings
- 3
- Lot Features
- Street Level
- Garage Spaces Total
- 5
- Carport Spaces
- 10
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Curbs, Gutter(s), Sidewalks
Listing courtesy of Listing Agent: John Allen (johnclydeallen@gmail.com) from Listing Office: Seven Gables Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.