10761 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$1,950,000 USD
714-616-0689
10761 Palma Vista Ave, Garden Grove, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/8
null | 4.54% Cap Rate

10761 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • Turnkey Asset - All Units Fully Renovated
  • 4.5% Current Cap Rate
  • Recent Capital Improvements - New Roof, Windows, Exterior Paint, Upgraded Railings, Stairs to Code and All Interiors Upgraded from Floor to Ceilings
  • On-Site Laundry Room with New Washer (2024, Owned) & Dryer (Leased)
  • Covered Parking
  • Strong Garden Grove Location - Located Near CA-22 & CA-5 Freeways, Katella Avenue, Euclid Street, Restaurants & Major Employment Centers

OVERVIEW

Turnkey 6-unit property in Garden Grove features fully renovated units from floor-to-ceiling and extensive recent capital improvements, including a new roof, windows, exterior paint, upgraded railings and code-compliant stairs. The property offers on-site laundry with a new owned washer (2024), a leased dryer, and covered parking. Ideally located near the CA-22 and CA-5 freeways, Katella Avenue, Euclid Street, restaurants, and major employment centers, this is a low-maintenance asset in a highly desirable rental location.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$515 USD /SF

# OF UNITS

6

PRICE/UNIT

$325,000

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,746 SF

ZONING

-

APN/PARCEL ID

089-651-04

ASK ABOUT THIS PROPERTY

714-616-0689

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714-616-0689

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