10912 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$1,740,000 USD
213-864-2862
10912 Palma Vista Ave, Garden Grove, CA for Sale
$1,740,000 USD
Apartments - FOR SALE
1/16
null | 5.25% Cap Rate

10912 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • Assumable Financing at 3.61% until Jan, 2029 (I/O until Jan, 2027)
  • (1) 2 Bedroom / 1 Bath with a 2-Car Garage, (5) 1 Bedroom / 1 Bath + Den Units
  • Upside in Rent - Value Add
  • Clean Building in a Great Central OC Sub-Market

OVERVIEW

Assumable Financing at 3.61% until Jan, 2029 (I/O until Jan, 2027)! 10912 Palma Vista is a clean, well-maintained Six (6) Unit apartment complex offering strong upside potential. The property features a desirable unit mix of: (1) 2 Bedroom / 1 Bath with a 2-Car Garage and Backyard, along with (5) 1 Bedroom / 1 Bath + Den Units. Residents enjoy large private patios, balconies, and a yard, as well as on-site laundry facilities. Centrally located in Orange County, the property provides convenient access to major employment, retail, and transportation. With significant rental upside and positioned as a strong value-add opportunity, the asset also benefits from no local rent control, being subject only to statewide California regulations.

FOR SALE DETAILS

PRICE

$1,740,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

6

PRICE/UNIT

$290,000

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Six(6)Clean Units ~ 3.61% Assumable Debt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,810 SF

ZONING

R3, Garden Grove

APN/PARCEL ID

089-652-11

ASK ABOUT THIS PROPERTY

Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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

Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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