10932-10952 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$3,455,000 USD
213-864-2862
10932-10952 Palma Vista Ave, Garden Grove, CA for Sale
$3,455,000 USD
Apartments - FOR SALE
1/10
null | 5% Cap Rate

10932-10952 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • 3.75% Assumable Financing until Feb 2029! ($1,135,000 Loan)
  • 12 Large 1 Bedroom / 1 Bath Units
  • Central Orange County Complex with Upside
  • Two Separate Parcels
  • Extra Room in Back for Potential ADUs
  • 20%+ Upside in Rent

OVERVIEW

***Assumable Financing in Place at 3.75%, Fixed until Feb, 2029 (I/O until Feb, 2027) - Loan Amount $1,135,000 Exceptional investment opportunity in the heart of Central Orange County! This well-maintained complex consists of two separate parcels and offers twelve large 1-bedroom/1-bath units with significant rental upside. Current financing includes a rare 3.75% assumable loan through February 2029, providing immediate cash flow advantages for the next owner. The property also features additional space at the rear, creating potential for ADU development and further value-add. With over 20% income upside, this asset presents a strong blend of stability and growth in one of Southern California’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$3,455,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

12

PRICE/UNIT

$287,917

CAP RATE

5%

% LEASED

100%

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

18

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R3, Garden Grove

APN/PARCEL ID

089-652-12,089-652-13

ASK ABOUT THIS PROPERTY

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

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

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