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10071 Lampson Ave, Garden Grove, CA 92840
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10071 Lampson Ave Garden Grove, CA 92840

$10,900,000 Sold Price as of 07/11/2019
  • 51 Beds
  • 43 Baths
  • 33,370 Sq.Ft.
Sold
$10,900,000 Sold Price as of 07/11/2019 Refinance Your Mortgage
Map preview of 10071 Lampson Ave, Garden Grove, CA 92840

Property Overview: 10071 Lampson Ave Garden Grove, CA has 51 bedrooms, 43 bathrooms, 33,370 living square feet and 57,934 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 138

Home details

Lot Sq. Ft
57,934
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC18281521
City
Garden Grove
County
Orange
Time on Site
1395 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 41
  • Total # of Buildings: 1
  • # of Leased Units: 41
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 23
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $32,545
  • Total Rent: $32,545
  • Pro Forma/Market Rent: $38,525
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,100
  • Total Rent: $12,100
  • Pro Forma/Market Rent: $13,800
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,885
  • Total Rent: $6,885
  • Pro Forma/Market Rent: $7,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,200
  • Total Rent: $7,200
  • Pro Forma/Market Rent: $8,300
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,625
  • Total Rent: $3,625
  • Pro Forma/Market Rent: $3,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $803,260
  • Net Operating Income: $479,807
  • Gross Operating Income: $780,812
Annual Expense Breakdown
  • Total Operating Expense: $301,005
  • Electric: $12,633
  • Gas/Fuel: $12,633
  • New Taxes: $149,089
  • Trash: $12,633
  • Insurance: $9,290
  • Maintenance: $24,600
  • Professional Management: $23,424
  • Water/Sewer: $12,633
  • Other Expenses: $44,070
  • Other Expense Description: Other

Property Details for 10071 Lampson Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 59
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 41
  • Parcel Number: 08936226
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Cross Streets: Brookhurst St / Chapman Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Garden Grove Agent

Sale History for 10071 Lampson Ave

Last sold for $10,900,000 on July 11th, 2019

  • July, 2019

  • Jul 11, 2019

    Date

    Sold

    CRMLS: OC18281521

    $10,900,000

    Price

  • May 14, 2019

    Date

    Pending

    CRMLS: OC18281521

    $11,685,000

    Price

  • Apr 16, 2019

    Date

    Active Under Contract

    CRMLS: OC18281521

    $11,685,000

    Price

  • Nov 28, 2018

    Date

    Active

    CRMLS: OC18281521

    $11,685,000

    Price

  • July, 2019

  • Jul 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $10,900,000

    Price

  • December, 2007

  • Dec 20, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10071 Lampson Ave

Assessed Value (2020): $10,900,000
Year Land Value Improved Value Assessed Value
2020 $9,600,000 $1,300,000 $10,900,000

Home Value Compared to the Market

This property vs the competition

10071 Lampson Ave sold on July 11, 2019 for 1153.76% higher than the current median sold price for the city of Garden Grove which is $932,000. The median sold price per/sqft for Garden Grove is $637 and this home is sold at $350.16 per/sqft which puts the price per square foot 45.03% lower than the current median sale per square foot for the city of Garden Grove.

About 10071 Lampson Ave

Detailed summary of property

10071 Lampson Ave is a multi family that recently sold in Garden Grove, CA 92840. This multi family property offered 51 bedrooms, 43 bathrooms, roughly 33,370 living square feet, and sits on an approximately 57,934 square foot lot. 10071 Lampson Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $10,900,000. Home in Garden Grove are selling for a median price of $932,000 and a median price per square foot of $637. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 1153.76% higher than the current median priced home. Local homes that are currently for sale include 1215 N Sycamore Ave, 1903 Orchid Ave and 1429 S Bedford St. While the average home in Garden Grove, CA is selling in 32 days, 10071 Lampson Ave has a days on market of 138 days. There are currently 116 homes for sale in the Garden Grove real estate market and 92 of them are single family homes while 18 of them are condos and 6 are townhomes. For more information on this home for sale at 10071 Lampson Ave Garden Grove, CA 92840 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 10071 Lampson Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
33,370
Lot Size
57,934
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
089-362-26

The source for these homes facts are from public records.

92840 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$655,000
Median Sold Price/Sq.Ft.
$528
Total Inventory
43
Median Sale to List Price %
100.77%
Avg Days on Market
15
Loan Type
Conventional (38.46%), FHA (7.69%), VA (0%), Cash (38.46%), Other (15.38%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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