Two-Story 16-Unit
10791 Palma Vista Garden Grove, CA 92840
10791 Palma Vista, Garden Grove, CA, 92840
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For Sale
Contact for pricing
Two contiguous 8-unit, two-story buildings offer separately metered gas and electricity plus on-site coin-operated laundry.
Property Size10,048 SF
Lot Size0.44 Acres
Price / SF$397.59
Days on Market43
Property Features for 10791 Palma Vista
General Information
- Standard status
- Active
- Size
- 10,048 SF
- Lot size
- 0.44 Acres
- Property subtype
- Multifamily
Listing agency
Pacific Avenue Realty
(562) 841-0227
Listed by
Prashant Sampat · License #01916221
Source
Crexi
Added: Jun 10 Updated: Jul 21 at 4:32AM Checked: Jul 21 at 4:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Avenue Realty
Investment Insights
Based on property information with market context.
A rare 16-unit multifamily offering comprised of two adjacent, contiguous two-story buildings. The property includes eight units in each building, for a total of 16 one-bedroom, one-bath residences. The buildings are wood-frame and stucco, constructed in 1961, and each unit is separately metered for gas and electricity. On-site coin-operated laundry is provided, and the property offers 24 parking spaces, including 16 covered carports and 8 uncovered spaces.
The two parcels are sold together as a single package, and the buildings sit just west of Euclid between Katella and Orangewood, minutes from the 5 and 22 freeways, Disneyland, and the Garden Walk district.
Both parcels must be purchased together and are not available separately. The seller notes in-place rents are below current market and highlights income and utility-cost recovery opportunities; buyers should verify all information, including unit details, square footage, rents, and operating figures, to their own satisfaction.
The two parcels are sold together as a single package, and the buildings sit just west of Euclid between Katella and Orangewood, minutes from the 5 and 22 freeways, Disneyland, and the Garden Walk district.
Both parcels must be purchased together and are not available separately. The seller notes in-place rents are below current market and highlights income and utility-cost recovery opportunities; buyers should verify all information, including unit details, square footage, rents, and operating figures, to their own satisfaction.
Key Highlights
- 16‑unit multifamily made up of two contiguous 8‑unit, two‑story buildings at 10791 & 10811 Palma Vista Ave
- Built in 1961; wood‑frame and stucco buildings with ~10,048 SF total building area across both parcels
- 1 bed / 1 bath units averaging approx. 625 SF (buyer to verify)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $28.80 |
| − Vacancy | −$15.9k | −$1.58 |
| EGI | $273.5k | $27.22 |
| − OpEx | −$123.1k | −$12.25 |
| NOI | $150.4k | $14.97 |
10,048 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.51M
NOI $150,407 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,124 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two contiguous 8-unit, two-story buildings offer separately metered gas and electricity plus on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 10791 Palma Vista Garden Grove, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 16‑unit multifamily made up of two contiguous 8‑unit, two‑story buildings at 10791 & 10811 Palma Vista Ave; Built in 1961; wood‑frame and stucco buildings with ~10,048 SF total building area across both parcels; 1 bed / 1 bath units averaging approx. 625 SF (buyer to verify)
