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10791 Palma Vista Ave 16 Unit Apartment Building $3,995,000 ($249,688/Unit) 5.56% Cap Rate Garden Grove, CA 92840
Investment Highlights
- 16 Units on two seperate APN's- 24 Parking Spots
- Minutes from the 5 & 22 freeways, Disneyland, and the Garden Walk district
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,688 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.56% | Building Size | 5,024 SF |
| Gross Rent Multiplier | 11.74 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 4.78/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price | $3,995,000 |
| Price Per Unit | $249,688 |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 11.74 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,024 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 4.78/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Heating
- Granite Countertops
- Oven
- Range
- Double Pane Windows
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 089-651-06 | Total Assessment | $1,083,648 |
| Land Assessment | $825,039 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $258,609 | Tax Year | 2025 |
Property Taxes
Parcel Number
089-651-06
Land Assessment
$825,039
Improvements Assessment
$258,609
Total Assessment
$1,083,648
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
10791 Palma Vista Ave