10442 Lampson Avenue
Multifamily | 33 Units | $374,242/unit
Marketing description
Download the Offering Memorandum: https://theleesongroup.com/properties/active-escrow/#/10442-lampson-avenue
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 10442 Lampson Avenue, 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
CONTEMPORARY RENOVATIONS ACROSS THE COMMUNITY
All 27 original units have been thoughtfully renovated with quartz countertops, shaker-style cabinets, vinyl flooring, recessed lighting, stainless steel ranges with vent hoods, and updated bathroom vanities. Modern ceiling fans and fixtures complete the upgrades.
BRAND-NEW ADUS DELIVERING MODERN LIVING
Six accessory dwelling units added in 2023 feature dual-pane windows, mini-split air conditioning, quartz countertops, shaker cabinetry, recessed lighting, and vinyl flooring, offering fresh, highly desirable rental product within the community.
SECURE & CONVENIENT RESIDENT AMENITIES
Controlled access with a call box, multiple laundry facilities, and a mix of carport, garage, and surface parking provide safety, convenience, and flexibility for tenants.
VALUE-ADD POTENTIAL IN EXPANSIVE COURTYARDS
The property includes landscaped grounds and large common-area courtyards, giving future ownership 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, attracting consistent demand from families seeking strong school access.
RETAIL & DINING AT TENANTS’ DOORSTEP
The Promenade and Hanmi Plaza are close by, providing a wide range of grocery, dining, and shopping options that enhance everyday convenience.
CULTURAL & ENTERTAINMENT CORE
Main Street Garden Grove and the Garden AMP offer community events, nightlife, and entertainment, creating a vibrant atmosphere within walking distance.
DIRECT FREEWAY ACCESS FOR COMMUTERS
Immediate connectivity to State Route 22 allows residents to reach employment centers across Orange County and greater Los Angeles with ease.
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