NOT LISTED FOR SALE

10071 Lampson Ave Garden Grove, CA 92840

8 Beds
6 Baths
33,370 Sq Ft
1.33 Acres

Last Sold July 11, 2019

Last sale price $10,900,000 $327 Per Sq Ft

138 Days on Market

Highlights

  • No HOA
  • Community Pool
  • Landscaped
  • Garden Grove High School Rated A
  • Laundry Room
  • 2-minute walk to Spirit of ‘76 Mini Park

About This Home

As of July 2019

Marquis Apartment Homes is a 41-unit multifamily investment property located in Garden Grove, one of the strongest rental markets in Southern California. Situated on a 1.33-acre lot, the 33,370 square foot property consists of one-bedroom and two-bedroom floor plans. Marquis Apartment Homes offers amenities including garage, open, and carport parking, private patios (select units), balconies (select units), and on-site laundry. Marquis Apartment Homes is just over one half mile from Garden Square Shopping Center and The Promenade Garden Grove, providing residents with easy access to a variety of retailers, grocers, dining, and entertainment options. The property is also one mile from California State Route 22 providing residents with convenient access to surrounding cities.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/28/2018

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/28/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.33 Acre Lot
  • No Common Walls
  • Landscaped

Parking

  • 18 Open Parking Spaces
  • 6 Car Garage
  • 35 Carport Spaces

Interior Spaces

  • 33,370 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 88203
  • Assessor Parcel Number 08936226

Community Details

Overview

  • No Home Owners Association
  • 41 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 41 Leased Units
  • Electric Expense $12,633
  • Fuel Expense $12,633
  • Insurance Expense $9,290
  • Maintenance Expense $24,600
  • Other Expense $44,070
  • Professional Management Expense $23,424
  • Trash Expense $12,633
  • Water Sewer Expense $12,633
  • New Taxes Expense $149,089
  • Operating Expense $301,005
  • Gross Income $803,260
  • Net Operating Income $479,807

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 23424.00
  • Property Attached: No
  • Water Sewer Expenses: 12633.00
  • Property Type: Residential Income
  • Parcel Number: 08936226
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 326.64

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 35.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 59.00
  • Uncovered Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 12633.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 57934.80
  • Lot Size Acres: 1.3300

Multi Family

  • Electric Expense: 12633.00
  • Fuel Expense: 12633.00
  • Gross Income: 803260.00
  • Gross Operating Income: 780812.00
  • Gross Scheduled Income: 803260.00
  • Insurance Expense: 9290.00
  • Lot Size Area: 1.3300 Acres
  • Maintenance Expense: 24600.00
  • Net Operating Income: 479807.00
  • Number Of Units Leased: 41
  • Number Of Units Total: 41
  • Operating Expense: 301005.00
  • Other Expense: 44070.00
  • Rent Control: No
  • Total Actual Rent: 62355.00
  • Total Expenses: 301005.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 149089.00
  • Tax Census Tract: 882.03
  • Tax Lot: 32
  • Tax Tract Number: 088203

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2019 07/11/19 Sold $10,900,000 -6.7% $327 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
11/28/2018 11/28/18 For Sale $11,685,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18281521

California Regional Multiple Listing Service (CRMLS)