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Additional details
$ 3,995,000
Est. payment /mo
Active
10791 Palma Vista Garden Grove, CA 92840
4 Beds
4 Baths
0.44 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26124924
Bedrooms 4
Lot Size 0.440 Acres
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County Orange
Zoning Assessor
Direction Euclid St & Katella Ave. West of Euclid on Palma Vista, between Katella & Orangewood. Min. from 5 & 22 Fwy.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 08965106
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Prashant Sampat, DRE#01916221 Pacific Avenue Realty
NEARBY SCHOOL & BUSINESS
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