10561 Lakeside Drive S 172, Garden Grove, California 92840, Garden Grove, 92840 - 1 bed, 1 bath
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10561 Lakeside Drive S 172
Garden Grove, California 92840
ACTIVE
CONDITION: FAIR
1Beds
1Baths
767Sq Ft
141,127Lot Size
Property Price
LIST PRICE$419,900
EST. MARKET VALUE
$430,891
SUMMARY
This Prime Investment Opportunity is a 1-bedroom condominium listed at $419,900, positioned well below the $430,891 Fair Market Value by 2%. This valuation gap provides $10,991 in Instant Equity. With a Condition Rating of 4, the property offers significant potential for value-add cosmetic updates. Residents enjoy resort-style amenities, including a pond view, pool, and spa. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the Garden Grove market.
Estimated Market Value
$430,891
Based on Realkey algorithm analyzing recent comparable sales in Garden Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10561 Lakeside Drive S 172 Subject 1 bd · 1 ba · 767 sqft · $562 | $419,900* List Price | 1 | 1 | 767 | $562 | - |
A 10551 Lakeside S Sold 1 bd · 1 ba · 767 sqft · $561 · 0.0 mi | $430,000 | 1 | 1 | 767 | $561 | 0.0 mi |
B 12555 Euclid Street 111 Sold 1 bd · 1 ba · 752 sqft · $598 · 0.3 mi | $450,000 | 1 | 1 | 752 | $598 | 0.3 mi |
C 10601 Lakeside S J Sold 1 bd · 1 ba · 600 sqft · $692 · 0.1 mi | $415,000 | 1 | 1 | 600 | $692 | 0.1 mi |
D 12600 Euclid St 20 Sold 2 bd · 2 ba · 861 sqft · $522 · 0.5 mi | $449,800 | 2 | 2 | 861 | $522 | 0.5 mi |
E 10520 Lakeside N L Sold 1 bd · 1 ba · 655 sqft · $664 · 0.1 mi | $435,000 | 1 | 1 | 655 | $664 | 0.1 mi |
F 12677 8th Street Pending 1 bd · 1 ba · 805 sqft · $545 · 0.8 mi | $439,000 List Price | 1 | 1 | 805 | $545 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the property falls into the dated category. While the flooring appears to be recently updated with luxury vinyl plank, the bathroom cabinetry, countertops, and fixtures appear original or older than 20 years. The kitchen is described as 'functional' rather than renovated, suggesting a need for modern updates to the primary systems and surfaces.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Lakeside community offers premium amenities including swimming pools, spas, a clubhouse, and beautifully landscaped grounds with peaceful streams, providing a high-quality lifestyle for residents.
- Scenic Water View
This unit features a desirable pond view, offering a tranquil and serene atmosphere that enhances the property's aesthetic appeal and market value.
- Prime Location and Walkability
Conveniently located within walking distance to Saint Columban Church and near Garden Grove's Main Street, the property offers easy access to shopping, dining, and local attractions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =141127, other record lot size in square feet = 245158.
- High Monthly HOA Fees
The association fee of $390 per month represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Living Space
At 767 square feet with only one bedroom, the property's compact layout may limit its appeal to a smaller demographic, such as singles or couples, excluding larger households.
About 10561 Lakeside Drive S 172
Welcome to this charming 1-bedroom, 1-bath condo located in the desirable Lakeside community near Garden Grove Boulevard and Nutwood Street. The home offers a comfortable, easy-to-maintain layout with a bright living space, functional kitchen, and a spacious bedroom with plenty of room to relax and unwind. Enjoy resort-style community amenities including swimming pools, spas, a clubhouse, beautifully landscaped grounds, walking paths, and peaceful streams throughout the neighborhood. The location is especially convenient, with Saint Columban Church less than a 5-minute walk away, plus easy access to nearby restaurants, shopping, Main Street, and local Garden Grove attractions. Whether you're a first-time buyer, downsizing, or looking for an investment property, this condo offers a great combination of comfort, convenience, and community living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 141,127 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $390.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.2 |
| Baths | 1.0 | 2.0 |
| Square foot | 767 | 1,121.438 |
| Lot Size | 141,127 | 52,559.172 |
| Price | $419.9K | $599.8K |
| Price per sq ft | $547 | $560 |
| Built year | 1985 | 1984 |
| HOA | $390.0 | $418 |
| Days on market | 24 | 68 |
Pricing History
Listed for Sale
Oct 1, 2026
$419,900
Initial Listing
Sold
May 18, 2020
$335,000
Public Record
Sold
Jul 10, 2017
$270,000
Public Record
Sold
Feb 7, 2005
$259,000
Public Record
Sold
Feb 6, 2004
$213,000
Public Record
Sold
May 2, 2000
$94,000
Public Record