10791 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$3,995,000 USD
562-841-0227
10791 Palma Vista Ave, Garden Grove, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/29
null | 5.56% Cap Rate

10791 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • 16 Units on two seperate APN's- 24 Parking Spots
  • Minutes from the 5 & 22 freeways, Disneyland, and the Garden Walk district

OVERVIEW

Rare 16-unit multifamily offering in prime central Garden Grove. Two adjacent, contiguous 8-unit buildings (10791 & 10811 Palma Vista Ave) sold together as a single package across APNs 089-651-06 and 089-651-07 — combined ~19,166 SF site, just west of Euclid between Katella and Orangewood, minutes from the 5 & 22 freeways, Disneyland, and the Garden Walk district. The two-story, wood-frame and stucco buildings were built in 1961 and feature spacious one-bedroom / one-bath units averaging approximately 625 SF, with ~10,048 SF total building area across both parcels. Each unit is separately metered for gas and electricity. The property offers 24 parking spaces (16 covered carports plus 8 uncovered) plus on-site coin-operated laundry. Strong value-add opportunity: in-place rents are below current market, with meaningful income upside on unit turnover, plus additional upside through utility cost recovery (water is master-metered). An excellent addition to any Orange County multifamily portfolio. Both parcels to be sold together; not available separately. Buyer to verify all units, square footage, rents, and information to their own satisfaction.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$795 USD /SF

# OF UNITS

16

PRICE/UNIT

$249,688

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,638 SF

ZONING

R3

APN/PARCEL ID

089-651-06

ASK ABOUT THIS PROPERTY

Prashant SampatPacific Avenue RealtyMore Info
562-841-0227

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Prashant SampatPacific Avenue RealtyMore Info
562-841-0227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.