Garden Grove, CA 92840 10791 Palma Vista
$3,995,000
28 more
Presented By: Prashant Sampat with Pacific Avenue Realty; 562-841-0227
Baths • 1
SQFT • 10,048
Home Details
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.
Presented By: Prashant Sampat with Pacific Avenue Realty; 562-841-0227
Interior Features for 10791 Palma Vista
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Vinyl
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesCommon Area
Total Stories2
Window FeaturesScreens
Other Rooms
Entry Level1
General for 10791 Palma Vista
AccessibilityNone
Additional Parcels Description08965107
Additional Parcels Y/NYes
AppliancesFree-Standing Range, Gas Oven, Gas Range, Water Heater
Architectural StyleTraditional
Building Area UnitsSquare Feet
Cap Rate5.56
Carport Spaces16
Carport Y/NYes
CityGarden Grove
Community FeaturesCurbs, Street Lights, Suburban, Sidewalks
ContingencyNone / Standard sale.
CoolingWall/Window Unit(s)
CountyOrange
Current FinancingConventional
DirectionsEuclid St & Katella Ave. West of Euclid on Palma Vista, between Katella & Orangewood. Min. from 5 & 22 Fwy.
ElectricStandard
Electric Expense1800
Entry Location1
Fuel Expense2400
Garage Spaces
Garage Y/NNo
Gross Income345000
HOANo
HOA Fee$
HeatingNatural Gas, Wall Furnace
Insurance Expense14400
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet19166
Lot Size UnitsSquare Feet
MLS Area62 - Garden Grove N of Chapman, W of Euclid
MaintenanceExpense12800
Net Operating Income222061
New ConstructionNo
Number Of Units Total16
Number of Units Leased16
Open Parking Spaces8
Operating Expense112733
Other StructuresShed(s)
Pool FeaturesNone
PostalCityGARDEN GROVE
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
RoofShingle
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOther
Tax Annual Amount30217
Tax Lot20
Tax Year2025
Taxes$46,702
Tenant PaysElectricity, Gas
Total Actual Rent28350
Trash Expense3840
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense13200
Year Built1961
Year Built SourceAssessor
Exterior for 10791 Palma Vista
Building Area Total10048
FencingBlock
Lot Features36-40 Units/Acre, Level
Lot Size Acres0.44
Lot Size Area19166
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters17
Number of Separate Gas Meters17
Number of Separate Water Meters0
Parking FeaturesAsphalt, Covered, Carport, Uncovered
Private PoolNo
SpaNo
Total Parking24
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®