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.
Property Features
Appliances
- Laundry Features: Common Area
Bathrooms
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Level with Street
- Lot Size Acres: 0.93
- Lot Size Source: Assessor
- Lot Size Square Feet: 40511
Garage and Parking
- Carport Spaces: 10
- Garage Spaces: 5
- Parking Total: 28
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 26400
Rental Info
- Gross Income: 988106
- Gross Scheduled Income: 960346
- Vacancy Allowance: 28810
- Rent Control: No
Multi-Unit Info
- Number of Units: 33
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Unit-1 Furnished Description: Unfurnished
- Unit-2 Furnished Description: Unfurnished
- Unit-1 Garage Spaces: 2
- Unit-2 Garage Spaces: 3
- Unit 1 Total Actual Rent: 12695
- Unit 2 Total Actual Rent: 67334
Amenities and Community Features
- Community Features: Curbs, Gutters, Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Orange
- Cap Rate: 5.08
- Source Property Type: Residential Income
- Insurance Expense: 26400
- Area: 63 - Garden Grove S of Chapman, W of Euclid
- Source Neighborhood: Other (OTHR)
- New Taxes Expense: 145315
- Number of Separate Electric Meters: 33
- Number of Separate Gas Meters: 33
- Number of Separate Water Meters: 1
- Parcel Number: 08906409
- Professional Management Expense: 28779
- Subdivision: Other (OTHR)
- Trash Expense: 12530
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 627204
- Operating Expense: 332092
Building and Construction
- Year Built: 1963
- Building Features: 3
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: First level
- Property Age: 62
- Property Attached: No
- Building Total Stories: 2
- Elevation Units: Feet
- Year Built Source: Assessor
Utilities
- Electric Expense: 12530
- Sewer: Public Sewer
- Water Source: Public