10551 Lakeside S, Garden Grove, California 92840, Garden Grove, 92840 - 1 bed, 1 bath
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Garden Grove, California 92840
This Rare Top-Floor Corner Condominium represents a strategic Value-Add Asset listed at $445,000, positioned relative to its $427,471 Fair Market Value and premium placement. Currently maintaining a Fair Condition Rating, the property requires interior modernization, specifically flooring and kitchen updates, to optimize its ROI potential. The unit features the community's largest one-bedroom layout with Tranquil Pond Views and access to the Garden Grove Unified district. It is an ideal acquisition for Value-Add Investors or First-Time Buyers seeking to force appreciation in a high-demand gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10551 Lakeside S Subject | $445,000* List Price | 1 | 1 | 767 | $557 | - |
A 10580 Lakeside Drive N E Sold | $417,000 | 1 | 2 | 600 | $695 | 0.0 mi |
B 10580 Lakeside Drive N N Sold | $410,000 | 1 | 1 | 675 | $607 | 0.0 mi |
C 10641 Lakeside Drive 249 A Sold | $488,888 | 2 | 2 | 1,017 | $481 | 0.1 mi |
D 10560 N Lakeside Drive N B Sold | $535,000 | 2 | 1 | 952 | $562 | 0.1 mi |
E 11912 Brookhaven Sold | $525,000 | 2 | 2 | 912 | $576 | 0.9 mi |
F 10541 Lakeside S P Sold | $445,000 | 1 | 1 | 767 | $580 | - |
G 10520 Lakeside N L Active Under Contract | $429,000 List Price | 1 | 1 | 655 | $655 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property appears to be in mostly original condition and shows significant signs of age. The kitchen features dated 1980s-style cabinetry, laminate countertops, and older white appliances. The interior carpeting is heavily worn and stained, requiring immediate replacement, and the walls show signs of needing paint and patching. While the unit is functional and fits the age-based criteria for 'fair,' it requires cosmetic updates to meet modern standards.
As a rare top-floor corner unit, this property offers superior privacy with no neighbors above and fewer shared walls, while featuring one of the largest one-bedroom floor plans in the community.
The private balcony provides serene views of the community pond and bridge, creating a peaceful, resort-like atmosphere that is highly sought after in a dense urban market.
The property is ideally situated with rapid access to the 22 and 5 freeways and is minutes from Disneyland, offering a perfect balance of a gated oasis and proximity to major employment and entertainment hubs.
Built in 1984, the complex may require more frequent maintenance or future capital improvements compared to newer developments, potentially leading to special assessments or the need for interior modernization.
The $390 monthly association fee represents a significant recurring expense that buyers must factor into their overall affordability and debt-to-income ratio.
Escape to the peaceful village of Lakeside with this rare top-floor corner unit—one of the largest 1-bedroom plans in the complex. Wake up to tranquil pond and bridge views from your private balcony, enjoy the convenience of in-unit laundry, and feel a world away from it all. Yet you are just minutes from top-rated Garden Grove schools, Disneyland, and the 22/5 freeways. This private gated oasis offers the space, serenity, and location you have been waiting for. It will not last long—call today to see it in person.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 32% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 767 | 1,005.5 | 27% |
| Lot Size | 141,127 | 56,493 | 64% |
| Price | $445.0K | $530.0K | 27% |
| Price per sq ft | $580 | $573 | 59% |
| Built year | 1984 | 1984 | 50% |
| HOA | $390.0 | $430 | 45% |
| Days on market | 41 | 182 | 5% |
Mar 12, 2026
$445,000
Initial Listing
Apr 7, 2017
$275,000
Public Record
Jan 26, 2010
$146,000
Public Record
Feb 19, 1999
$76,000
Public Record