10071 Lampson Avenue

    Garden Grove, CA 92840
    • $11,685,000
    • STATUS: Active
    • ON SITE: 208 days
    • ID#: OC18281521
    UPDATED: 67 min ago
    $11,685,000
    • 0
      BEDS
    • 1.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 33,370
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/89716132

    10071 Lampson Avenue Garden Grove, CA 92840

    • Price: $11,685,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: OC18281521
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.33
    Acres
    33,370
    SQFT
    $350
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property 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.
    Exterior Features

    Carport Spaces 35.00 Garage Spaces 6.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 59.00 Pool Features Community Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 12633.00 Elevation Units Feet Fuel Expense 12633.00 Gross Income 803260.00 Gross Operating Income 780812.00 Gross Scheduled Income 803260.00 Insurance Expense 9290.00 Land Lease YN No Laundry YN Yes Maintenance Expense 24600.00 Net Operating Income 479807.00 New Construction YN No New Taxes Expense 149089.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 41 Operating Expense 301005.00 Other Expense 44070.00 Other Expense Description Other Professional Management Expense 23424.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 62355.00 Total Expenses 301005.00 Trash Expense 12633.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 12633.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024