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Listed by Prashant Sampat, DRE #01916221 • Pacific Avenue Realty
$ 3,995,000
Est. payment /mo
Active
10791 Palma VIS Garden Grove, CA 92840
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26124924
Style Traditional
Year Built 1961
Lot Size 0.440 Acres
Source California Regional MLS
Property Description
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.
Location
State CA
County Orange
Area 62 - Garden Grove N Of Chapman, W Of Euclid
Rooms
Kitchen Oven Range - Gas, Oven Range, Oven - Gas
Interior
Heating Gas, Wall Furnace
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Parking Features Carport , Covered Parking, Other, Uncovered Parking
Garage Spaces 24.0
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 08965106
Special Listing Condition Not Applicable
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