$12,350,000

10442 Lampson Ave Garden Grove, CA 92840

Estimated payment $78,150/month

Total Views 527
4 Beds
2 Baths
26,700 Sq Ft
$463 Price per Sq Ft

Highlights

  • 0.93 Acre Lot
  • No HOA
  • Level Lot
  • Ethel M. Evans Elementary School Rated A
  • Laundry Room

About This Home

10442 Lampson Avenue is a 33-unit multifamily community located in Garden Grove, California. Originally built as a 27-unit property, the asset was expanded in 2023 with the addition of six newly constructed accessory dwelling units (ADU), bringing the total to 33 two-bedroom, one-bathroom units. This desirable unit mix appeals broadly to couples, families, and professionals seeking functional layouts in a central Orange County location. The community has benefited from extensive interior renovations, with all of the original units upgraded to include contemporary finishes such as recessed lighting, quartz countertops, shaker-style cabinetry, vinyl flooring, stainless steel ranges with vent hoods, and modern bathroom vanities. Modern ceiling fans, faucets, and fixtures add both style and efficiency to the unit. The six newly built ADUs were designed with similar attention to detail, featuring dual-pane windows, mini-split air conditioning units, mirrored closet doors, quartz countertops, recessed lighting, and matching cabinetry and flooring, ensuring consistency throughout the property. Residents enjoy controlled access with a call box, on-site laundry facilities, and a variety of parking options including carport, garage, and surface spaces. The property is framed by attractive landscaping, and its spacious courtyards present future ownership with the opportunity to enhance common area utilization and add further resident amenities. 10442 Lampson Avenue represents a rare opportunity to acquire a renovated and recently expanded multifamily community in a supply-constrained market. With its consistent two-bedroom unit mix, upgraded interiors, and strategic Garden Grove location, the property offers durable tenant appeal and long-term investment stability.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/10/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 0.93 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 13 Open Parking Spaces
  • 5 Car Garage
  • 10 Carport Spaces

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 26,700 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 0605
  • Tax Tract Number 88701
  • Assessor Parcel Number 08906409
  • $8,126 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 33 Units

Amenities

  • Laundry Facilities

Building Details

  • 33 Separate Electric Meters
  • 33 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $12,530
  • Fuel Expense $12,532
  • Insurance Expense $26,400
  • Maintenance Expense $26,400
  • Professional Management Expense $28,779
  • Trash Expense $12,530
  • Water Sewer Expense $12,530
  • New Taxes Expense $145,315
  • Operating Expense $332,092
  • Gross Income $988,106
  • Net Operating Income $627,204

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.08
  • Price Per Unit: 374242
  • Professional Management Expense: 28779.00
  • Property Attached: No
  • Water Sewer Expenses: 12530.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 08906409
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 462.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 28.00
  • Uncovered Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 12530.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 40510.80
  • Lot Size Acres: 0.9300
  • Latitude Manual: 33.78106400

Multi Family

  • Electric Expense: 12530.00
  • Fuel Expense: 12532.00
  • Gross Income: 988106.00
  • Gross Multiplier: 12.50
  • Gross Operating Income: 931536.00
  • Gross Scheduled Income: 960346.00
  • Insurance Expense: 26400.00
  • Lot Size Area: 0.9300 Acres
  • Maintenance Expense: 26400.00
  • Net Operating Income: 627204.00
  • Number Of Separate Electric Meters: 33
  • Number Of Separate Gas Meters: 33
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 33
  • Operating Expense: 332092.00
  • Operating Expense Percent: 34.60
  • Other Income1: 27760.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 332092.00
  • Vacancy Allowance: 28810
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 145315.00
  • Tax Lot: 0605
  • Tax Tract Number: 088701
  • TaxOtherAnnualAssessmentAmount: 8126.00

Map

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 Change Sq Ft Price
09/10/2025 09/10/25 For Sale $12,350,000 +54.4% $463 / Sq Ft
02/02/2022 02/02/22 Sold $8,000,000 0.0% $326 / Sq Ft
12/11/2021 12/11/21 Price Changed $8,000,000 +6.7% $326 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $7,500,000 0.0% $305 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $7,500,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25214158

California Regional Multiple Listing Service (CRMLS)