10772 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$2,300,000 USD
949-423-6111
10772 Palma Vista Ave, Garden Grove, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/6
null | 5.27% Cap Rate

10772 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • High In-Place Yield - 5.27% Current Cap Rate
  • In-Place RUBS
  • Majority of Units Recently Full Renovated Including Vinyl Plank Flooring, New Countertops & Cabinet Hardware, Wall Fixtures & Lights
  • All One-Bedroom Floor Plans
  • Community Features Include Laundry Room & Ample Parking

OVERVIEW

10772 Palma Vista Avenue is an 8-unit multifamily opportunity located in the strong rental market of Garden Grove. The property has a current cap rate of 5.27%, currently one of the highest in Garden Grove. The asset includes all one-unit floor plans with a majority of units recently renovated, including vinyl plank flooring, new countertops, wall fixtures and lights, and new windows in select units.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,189 SF

ZONING

R-3

APN/PARCEL ID

089-652-01

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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Daniel BlackwellCBRE, Inc.More Info
949-423-6111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.