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10442 Lampson Ave
Garden Grove, CA 92840 Garden Grove

$12,350,000 USD

Apartments For Sale  •  26,700 SF

Property Details

  • Property Type Apartments
  • Total Building Size 26,700 SF
  • Lot Size 0.93 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 5.08 %
  • Zoning R3, Garden Grove
36 Transit Score
61 Walk Score

Highlights

Contemporary Renovations Across the Community: All 27 original units have been thoughtfully renovated with modern upgrades.
Brand-New ADUs Delivering Modern Living: Six accessory dwelling units added in 2023 offering highly desirable rental product within the community.
Secure & Convenient Resident Amenities: Controlled access with a call box, multiple laundry facilities, & a mix of carport, garage, & surface parking.
Value-Add Potential in Expansive Courtyards: Future ownership has the opportunity to further activate and improve outdoor resident amenities.
Proximity to Quality Schools: Just minutes from Garden Grove High School and other local educational institutions.
Retail & Dining at Tenants' Doorstep: The Promenade and Hanmi Plaza are close by, providing a wide range of grocery, dining, and shopping options.

Financial Summary (Actual)

Net Operating Income: $627,204 USD (2025)
Cap Rate: 5.08 %
Total Expenses: $332,092 USD

Amenities

  • 24 Hour Access
  • Balcony
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Vinyl Flooring
  • Walk-Up
  • Quartz Countertops
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.9 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 5.9 mi
AirportDriveWalkDistance
John Wayne/Orange County 19 min - 11.0 mi
Long Beach (Daugherty Field) 21 min - 15.7 mi
Los Angeles International 45 min - 34.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap