10802 Palma Vista Ave - Apartments FOR SALE


Garden Grove, CA 92840
$2,475,000 USD
213-864-2862
10802 Palma Vista Ave, Garden Grove, CA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/17
null | 6.08% Cap Rate

10802 Palma Vista Ave
Garden Grove, CA 92840


HIGHLIGHTS

  • 6.08% Going in CAP Rate
  • 100% Turnkey Asset
  • Amenities Include: Washer and Dryers, Quartz Countertops, Shaker Cabinets, Stainless Steel Appliances, Wall AC and all New Bathrooms
  • All 1 Bedroom / 1 Bath Units
  • The Roof is in good shape and all Copper Plumbing

OVERVIEW

Exceptional cash-flowing 8-unit apartment building in Garden Grove, delivering a strong 6.08% cap rate with immediate income and zero deferred maintenance. Every unit has been fully transformed with over-the-top, luxury-level renovations—including in-unit washer/dryers, quartz countertops, custom shaker cabinets, stainless steel appliances, new bathrooms, and designer finishes throughout. This turnkey property is 100% occupied and stabilized, offering an investor dependable income from day one. With no local rent control (only AB 1482), this is a rare, hassle-free opportunity to own a high-performing asset in a prime Orange County location.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

8

PRICE/UNIT

$309,375

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The El Rey Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,611 SF

ZONING

R3

APN/PARCEL ID

089-652-03

ASK ABOUT THIS PROPERTY

Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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

Patrick SwansonStream Realty Partners, LPMore Info
213-864-2862

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