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10761 Palma Vista Ave 6 Unit Apartment Building $1,950,000 ($325,000/Unit) 4.54% Cap Rate Garden Grove, CA 92840
Investment Highlights
- Turnkey Asset - All Units Fully Renovated
- Recent Capital Improvements - New Roof, Windows, Exterior Paint, Upgraded Railings, Stairs to Code and All Interiors Upgraded from Floor to Ceilings
- Covered Parking
- 4.5% Current Cap Rate
- On-Site Laundry Room with New Washer (2024, Owned) & Dryer (Leased)
- Strong Garden Grove Location - Located Near CA-22 & CA-5 Freeways, Katella Avenue, Euclid Street, Restaurants & Major Employment Centers
Executive Summary
Turnkey 6-unit property in Garden Grove features fully renovated units from floor-to-ceiling and extensive recent capital improvements, including a new roof, windows, exterior paint, upgraded railings and code-compliant stairs. The property offers on-site laundry with a new owned washer (2024), a leased dryer, and covered parking. Ideally located near the CA-22 and CA-5 freeways, Katella Avenue, Euclid Street, restaurants, and major employment centers, this is a low-maintenance asset in a highly desirable rental location.
Property Facts
| Price | $1,950,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.54% | Building Size | 3,789 SF |
| Gross Rent Multiplier | 13.23 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Price | $1,950,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 13.23 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,789 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.58/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,048 | 632 |
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Property Taxes
| Parcel Number | 089-651-04 | Improvements Assessment | $244,800 |
| Land Assessment | $1,224,000 | Total Assessment | $1,468,800 |
Property Taxes
Parcel Number
089-651-04
Land Assessment
$1,224,000
Improvements Assessment
$244,800
Total Assessment
$1,468,800
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10761 Palma Vista Ave
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