$3,995,000

Multi Family In Garden Grove

  • 4 Beds
  • 4 Baths
  • 19,167 Sqft lot
  • Updated: August 1
  • Source:
    San Diego MLS  MLS#OC26124924

About the 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 a
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 type

    Other

  • Floors

    2

Features

  • Garden
  • Balcony
  • Washer Dryer
  • Gate
  • Parking
  • Stone Countertops

Explore the Area

10791 Palma Vista, Garden Grove, California, United States View on Google Maps
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Pacific Avenue Realty - Irvine

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Pacific Avenue Realty - Irvine
California, United States
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Pacific Avenue Realty - Irvine
Irvine, California, United States
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Last updated
August 1
First listed
Aug 1
Listing reference
OC26124924
Listing status
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