10322 Park, Garden Grove, California 92840, Garden Grove, 92840 - 0 bed, 0 bath
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Garden Grove, California 92840
This Quadruplex Income Asset is listed at $1,895,000, priced at a slight premium over the $1,837,440 Fair Market Value to reflect its rare, fully-stabilized status. The property maintains a Condition Rating of 4 and features Section-8 Guaranteed Income with 100% Occupancy, significantly de-risking the investment for new ownership. With Townhome-Style Units, Two Double-Car Garages, and a strategic location near Costco and Home Depot, the asset ensures high tenant demand and minimal maintenance. This turnkey opportunity is an ideal match for Buy-and-Hold Investors or Portfolio Diversifiers seeking consistent, government-backed cash flow in Orange County.
Property is moderate renovation needed.
Built in 1964, this property shows signs of aging infrastructure typical of its era, including window AC units and dated exterior architectural features. While the listing describes it as a turnkey income property, the lack of interior photos to verify modern updates and the 60-year age suggest the home is maintained through regular upkeep but likely contains outdated systems and finishes.
The property is 100% occupied with three Section-8 tenants, providing investors with stable, government-backed rental income and zero vacancy risk.
With only 1 to 3 occupants per unit, the property experiences minimal wear-and-tear, which significantly reduces long-term repair and turnover costs.
Situated near major retail hubs like Costco and Home Depot in a prime Orange County neighborhood, the property benefits from high tenant demand and convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7024.
Built in 1964, the property may require future capital expenditures for aging systems such as plumbing or electrical, despite its current turnkey status.
A recent price reduction from the original listing price suggests the property may have faced initial challenges in meeting market expectations at its previous valuation.
Priced $200k below appraisal value! Seller is highly motivated—replacement property already identified! Welcome to 10322 Park, an exceptional turnkey 4-unit townhome-style investment in a prime Orange County pocket. This fully-occupied asset offers immediate, stable cash flow with zero vacancies and the security of three Section-8 tenants providing guaranteed income. The property is remarkably well-maintained, with each unit being "lightly lived in" (only 1–3 occupants per unit), significantly reducing long-term wear and tear. Located just minutes from Costco and Home Depot, the location ensures high tenant demand and lifestyle convenience. Includes two double-car garages plus ample street parking. Act fast—the seller is ready to move. Hurry before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,355 | 4,184.5 | 50% |
| Lot Size | 6,970 | 7,405.5 | 50% |
| Price | $1.75M | $1.71M | 50% |
| Price per sq ft | $402 | $408 | 50% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 125 | 50% |
Apr 10, 2026
$1,749,000
$1,895,000
-8% Price Drop
Initial Listing
Mar 26, 2026
$1,895,000
$1,945,000
-3% Price Drop
Initial Listing
Feb 25, 2026
$1,945,000
Initial Listing
Sep 11, 2009
$825,000
Public Record
Jan 25, 2005
$810,000
Public Record