10772 Palma Vista Ave
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10772 Palma Vista Ave
8 Unit Apartment Building $2,300,000 ($287,500/Unit) 5.27% Cap Rate Garden Grove, CA 92840
Investment Highlights
- High In-Place Yield - 5.27% Current Cap Rate
- Majority of Units Recently Full Renovated Including Vinyl Plank Flooring, New Countertops & Cabinet Hardware, Wall Fixtures & Lights
- Community Features Include Laundry Room & Ample Parking
- In-Place RUBS
- All One-Bedroom Floor Plans
Executive Summary
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.
Property Facts
| Price | $2,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $287,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.27% | Building Size | 4,864 SF |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 2.47/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,300,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Gross Rent Multiplier | 12 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,864 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.47/1,000 SF |
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,920 | 608 |
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PROPERTY TAXES
| Parcel Number | 089-652-01 | Improvements Assessment | $200,000 |
| Land Assessment | $1,690,000 | Total Assessment | $1,890,000 |
PROPERTY TAXES
Parcel Number
089-652-01
Land Assessment
$1,690,000
Improvements Assessment
$200,000
Total Assessment
$1,890,000
zoning
| Zoning Code | R-3 (Multiple-Family Residential Zone) |
| R-3 (Multiple-Family Residential Zone) |
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10772 Palma Vista Ave
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