10322 Park, Garden Grove, California 92840, Garden Grove, 92840 - bed, bath
10322 Park
Garden Grove, California 92840
Property Price
SUMMARY
Analysis of 10322 Park, Garden Grove, California 92840 is currently available with a list price of $1,945,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Garden Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was originally built in 1964, it is presented in turn-key condition with significant interior renovations. The units feature modern shaker-style cabinetry, stainless steel appliances, stone countertops, and updated laminate flooring. The bathrooms have been modernized with contemporary vanities and tile work. The property appears well-maintained with updated fixtures and finishes, meeting the criteria for a move-in ready asset with minimal immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Townhouse Layouts
The property consists entirely of two-story, townhouse-style units (2BR/1.5BA), a highly sought-after configuration that typically commands higher rents and attracts long-term residents compared to traditional apartment flats.
- High-Demand Tenant Amenities
Units are equipped with premium features including large private patios, in-unit washer/dryer hookups, and enclosed garages, which are significant drivers for tenant satisfaction and low vacancy rates.
- Strategic Location and Upside
Located near major intersections and employment hubs in Garden Grove, the property offers immediate rental upside and value-add potential in a market known for historically high occupancy and steady growth.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Vintage Construction
Built in 1964, the property may necessitate ongoing maintenance or capital improvements to aging systems and infrastructure to remain competitive with newer developments in the area.
- Investment Barrier to Entry
With a list price of $1,945,000, the high price-per-unit may result in a tighter initial capitalization rate, requiring proactive management to realize the projected value-add returns.
About 10322 Park
Presenting the Park Avenue Apartments, an exceptional four-unit multifamily community located in the highly desirable city of Garden Grove. Strategically positioned near the major intersection of Brookhurst Street and Garden Grove Boulevard, this property benefits from excellent visibility in a robust rental market recognized for historically high occupancy and steady rent growth. Situated on a 6,970-square-foot lot, the 4,355-square-foot building features a highly attractive unit mix comprised entirely of two-story, townhouse-style units (2 bedrooms / 1.5 bathrooms). Residents enjoy premium amenities that encourage long-term tenancy, including large private patios, in-unit washer/dryer hookups, and ample on-site parking with enclosed garages. Conveniently located just minutes from major freeways, retail centers, employment hubs, and entertainment, this complex offers an incredible opportunity to acquire a stable, turn-key asset with realistic value-add potential and immediate upside in rents.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,355 | 4,184.5 | 50% |
| Lot Size | 6,970 | 7,405.5 | 50% |
| Price | $1.95M | $1.80M | 50% |
| Price per sq ft | $447 | $431 | 50% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 79 | 50% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,945,000
Initial Listing
Sold
Sep 11, 2009
$825,000
Public Record
Sold
Jan 25, 2005
$810,000
Public Record