Residential Income — 10791 Palma Vista, Garden Grove, CA
$3,995,000
10791 Palma Vista, Garden Grove, CA
About this property
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.
Property details
Location
10791 Palma Vista • Garden Grove, CA 92840
Listed by
Prashant Sampat · Pacific Avenue Realty
Nearby listings in Garden Grove, CA
- 12082 Saint Mark, Garden Grove, CA · $1,250,000
- 13835 La Jolla, Garden Grove, CA · $700,000
- 10411 Garden Grove 36 · $2,900/mo
- 10386 Bonnie, Garden Grove, CA · $1,395,000
- 13361 Yockey, Garden Grove, CA · $1,440,000
- 11872 Shetland Road, Garden Grove, CA · $1,099,000
- 9341 Skylark Boulevard, Garden Grove, CA · $999,999
- 9131 Healey, Garden Grove, CA · $1,550,000
- 12392 Morrie, Garden Grove, CA · $1,250,000
- 10702 Frances, Garden Grove, CA · $935,000
- 9132 Carl, Garden Grove, CA · $1,095,000
- 8932 Ernest Fulsom, Garden Grove, CA · $1,050,000