Residential Income – 10071 Lampson Ave, Garden Grove, CA 92840, USA -001-11-30T00:00:00-08:00
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 flo
10071 Lampson Ave, Garden Grove, CA 92840, USA
$11,685,000 USD
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Address10071 Lampson Avenue, Garden Grove
Price$11,685,000
Year Built1963
Bedrooms Total0
Living Area33,370 ft2
Lot Size (Sq.Ft.)57,935
Listing IDOC18281521
StatusActive
Parcel Number08936226
Special ConditionsStandard
Days on Market116

Detailed Description: 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.

Association
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address10071 Lampson Avenue, Garden Grove
Street SuffixAvenue
CityGarden Grove
Location (MLS Area)699 – Not Defined
County Or ParishOrange
State or ProvinceCA
Postal Code92840
Postal Code Plus44754
CountryUS
Financial Information
Price per Square Foot$350.16
Price per Lot Square Foot$201.69
Special ConditionsStandard
Total Expenses$301,005
Professional Management Expense$23,424
Operating Expense$301,005
Insurance Expense$9,290
Electric Expense$12,633
Water Sewer Expense$12,633
Trash Expense$12,633
Maintenance Expense$24,600
Fuel Expense$12,633
Other Expense DescriptionOther
Other Expense$44,070
Gross Operating Income$780,812
Gross Income$803,260
Gross Scheduled Income$803,260
Net Operating Income$479,807
Total Actual Rent$62,355
Tax Year2000
Tax Lot32
New Taxes Expense$149,089
Full Descriptions
Parcel Number08936226
Detailed DescriptionMarquis 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.
Lot FeaturesLandscaped
Community FeaturesSidewalks
Water SourcePublic
Laundry FeaturesCommunity
Sewer DescriptionPublic Sewer
Pool FeaturesCommunity Pool
Property parameters
Year Built1963
Living Area (Sq.Ft.)33,370 ft2
Lot Size (Sq.Ft.)57,935
Lot Size (Acres)1.33
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased41
Number of Units Total41
Stories Total2
Parking Spaces59
Garage Spaces6
Uncovered Spaces18
LevelsTwo
Carport Spaces35
Water SourcePublic
Units Total41
Year Built SourceAssessor
Vacancy Allowance Rate3%
Listed withTyler Leeson (Marcus & Millichap RE Invest)