Log In/Sign Up
Your email has been sent.
12 Units (6+6) in Garden Grove 10932-10952 Palma Vista Ave 12 Unit Apartment Building $3,199,000 ($266,583/Unit) 5.44% Cap Rate Garden Grove, CA 92840
INVESTMENT HIGHLIGHTS
- 3.75% Assumable Financing until Feb 2029! ($1,135,000 Loan)
- Central Orange County Complex with Upside
- Extra Room in Back for Potential ADUs
- 12 Large 1 Bedroom / 1 Bath Units
- Two Separate Parcels
- 20%+ Upside in Rent
EXECUTIVE SUMMARY
***Assumable Financing in Place at 3.75%, Fixed until Feb, 2029 (I/O until Feb, 2027) - Loan Amount $1,135,000. Note, this loan does not need to be assumed.
Exceptional investment opportunity in the heart of Central Orange County! This well-maintained complex consists of two separate parcels and offers twelve large 1-bedroom/1-bath units with significant rental upside. Current financing includes a rare 3.75% assumable loan through February 2029, providing immediate cash flow advantages for the next owner. The property also features additional space at the rear, creating potential for ADU development and further value-add. With over 20% income upside, this asset presents a strong blend of stability and growth in one of Southern California’s most desirable rental markets.
Exceptional investment opportunity in the heart of Central Orange County! This well-maintained complex consists of two separate parcels and offers twelve large 1-bedroom/1-bath units with significant rental upside. Current financing includes a rare 3.75% assumable loan through February 2029, providing immediate cash flow advantages for the next owner. The property also features additional space at the rear, creating potential for ADU development and further value-add. With over 20% income upside, this asset presents a strong blend of stability and growth in one of Southern California’s most desirable rental markets.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,199,000 | Apartment Style | Low-Rise |
| Price Per Unit | $266,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.44% | Building Size | 7,576 SF |
| Gross Rent Multiplier | 12.32 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Zoning | R3, Garden Grove | ||
| Price | $3,199,000 |
| Price Per Unit | $266,583 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 12.32 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,576 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R3, Garden Grove |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Kitchen
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,873 | 630 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $500,562 | |
| Land Assessment | $1,231,426 | Total Assessment | $1,731,988 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,231,426
Improvements Assessment
$500,562
Total Assessment
$1,731,988
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
12 Units (6+6) in Garden Grove | 10932-10952 Palma Vista Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.