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12442 Lampson Ave, Garden Grove, CA 92840
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12442 Lampson Ave Garden Grove, CA 92840

$3,980,000
  • -- Beds
  • -- Baths
  • 5,350 Sq.Ft.
For Sale
$3,980,000 Get Pre-Qualified
Map preview of 12442 Lampson Ave, Garden Grove, CA 92840

Property Overview: 12442 Lampson Ave Garden Grove, CA has -- bedrooms, -- bathrooms, 5,350 living square feet and 16,173 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Located in a bustling area near Lampson Ave and Harbor Blvd,this neighborhood center offers great visibility and accessibilityfor potential customers. With its long-standing presence in thecommunity since its construction in 1964, the center is well-known and trusted by local residents. It houses three tenants,each providing unique products or services, which can attract awider customer base and increase foot traffic. The property isfully occupied by NNN (Triple Net) tenants, which means theyare responsible for property taxes, insurance, and maintenanceexpenses, providing a stable income and reducing the landlord'smanagement duties. The property boasts over 6,197 square feetof retail space, allowing for flexible tenant configurations andpotential for future expansion or reconfiguration. With a stablethe income stream from reliable tenants, the property presents a low-risk investment opportunity for potential investors. Its primelocation, established presence, and occupancy by NNN tenantsalso suggest a potential for value enhancement through rentincreases, lease renewals, or property improvements. Overall, thisretail property is a highly attractive investment opportunity withsignificant potential for long-term appreciation and incomegeneration.

Listed by Walter Castillo | BRE #01141632 | Coldwell Banker Realty
Co-listed by Jason Lee | BRE #02069816 | Coldwell Banker Realty
Last checked: 7 minutes ago | Last updated: February 27th, 2024 | Source CRMLS | DOM: 296
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Home details

Lot Sq. Ft
16,173
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Other
Status
Active
MLS#
23245379
City
Garden Grove
County
Orange
Time on Site
409 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 12442 Lampson Ave

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 30
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 3
  • Parcel Number: 23144135
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Harbor Blvd
View more facts & features

Local Garden Grove Agent

Sale History for 12442 Lampson Ave

Last sold for $1,565,000 on July 14th, 2006

  • February, 2023

  • Feb 27, 2023

    Date

    Active

    CRMLS: 23245379

    $3,980,000

    Price

  • August, 2022

  • Aug 16, 2022

    Date

    Active

    CRMLS: 22190111

    $3,980,000

    Price

  • Listing provided courtesy of CRMLS

    Retail ( Neighborhood Center) consists of three tenants, near the intersection of Lampson Ave and Harbor Blvd. The property totals 6,197 square feet of retail storefront spaces, it was built in 1964, and sits on 16,173 square feet of Land ( .37 Acres) 100% Occupied.

  • August, 2020

  • Aug 27, 2020

    Date

    Expired

    CRMLS: PW20043605

    $155,000

    Price

  • Apr 19, 2020

    Date

    Active

    CRMLS: PW20043605

    $155,000

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity to own a well established - turn key Mexican Restaurant in Garden Grove with much potential. Stable income, perfect location on super busy street with plenty of parking. Start making money from day one. Fully equipped and renovated 2 years ago. Make your dream a reality and be your own boss. Call agent for additional information.

  • July, 2006

  • Jul 14, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,565,000

    Price

  • October, 2002

  • Oct 24, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 12442 Lampson Ave

Assessed Value (2020): $1,648,406
Year Land Value Improved Value Assessed Value
2020 $1,347,430 $300,976 $1,648,406

Home Value Compared to the Market

This property vs the competition

12442 Lampson Ave is listed 314.58% higher than the median list price for the city of Garden Grove which has a median list price of $960,000. The median price per/sqft for Garden Grove is $603 and this home is listed at $743.93 per/sqft which puts the price per square foot 23.37% higher than the median price per square foot for the city of Garden Grove.

About 12442 Lampson Ave

Detailed summary of property

12442 Lampson Ave is a other located in Garden Grove, CA 92840 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 5,350 living square feet, and sits on an approximately 16,173 square foot lot. 12442 Lampson Ave was first listed on ArdentRealEstateGroup.com on March 15, 2023. The homeowner is currently asking $3,980,000. The median priced home in Garden Grove is $960,000 with a median price per square foot of $603. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is listed 314.58% higher than the median priced home. Local competing homes currently for sale include 6738 Greenleaf Ave, 8460 Telegraph Rd and 2018 Locust Ave. While the average home in Garden Grove, CA is selling in 31 days, 12442 Lampson Ave has a days on market of 296 days. There are currently 121 homes for sale in the Garden Grove real estate market and 98 of them are single family homes while 19 of them are condos and 4 are townhomes. For more information on this home for sale at 12442 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 12442 Lampson Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
5,350
Lot Size
15,763
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
231-441-35

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.
$588
Median Sold Price
$942,500
Median Sold Price/Sq.Ft.
$572
Total Inventory
42
Median Sale to List Price %
104.74%
Avg Days on Market
25
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (8.33%), Other (41.67%)

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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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