Pacific Avenue Realty
Listed by Pacific Avenue Realty
$3,995,000
10791 Palma Vista
Details
APN 08965106
Property Type Multifamily
Sub Type Apartment Building
Units 16
Cap Rate 5.56%
Buildings 2
Acreage 0.440
Zoning Assessor
Multifamily | 5.56% CAP | 16 Units
Marketing description
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.
Listing Contacts
Pacific Avenue Realty
Listed by Pacific Avenue Realty
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Zoning
R-3 ResidentialMulti FamilyMultiple Family Residential Zone
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