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10851-10861 Palma Vista Ave Garden Grove, CA 92840

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For Sale
$4,550,000

16-unit apartment portfolio in Garden Grove, Orange County.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
20
Last Refresh:
Apr 3 at 5:15 am

Property Features for 10851-10861 Palma Vista Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Bryant Tuan Tran

Listing agent Bryant Tuan Tran License #License(s): CA: 02173105

Listing office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Bryant Tuan Tran


Overview

Garden Grove Multifamily Investment Opportunity

This offering presents the opportunity to acquire a portfolio of 16 apartment units located at 10851-10861 Palma Vista Avenue in Garden Grove, Orange County, California. The units are situated on two contiguous parcels, which may be acquired together as a single portfolio or sold separately. The property features a 100% 1-bedroom / 1-bathroom unit mix, which historically demonstrates shorter lease-up periods and broader renter demand, reducing downtime risk upon turnover. The asset also benefits from its convenient location near daily needs retailers and grocers, long-term tenants, stable historical occupancy, and below-market rents, providing immediate value-add upside through rent optimization and expense recovery without significant capital expenditure. The property is positioned within one of Southern California’s most supply-constrained rental markets. Orange County’s limited multifamily inventory, high barriers to new development, and strong employment base continue to support elevated rental demand. Garden Grove’s central Orange County location provides proximity to major employment nodes and regional demand drivers, including Disneyland Resort, Little Saigon, Knott’s Berry Farm, CHOC, CalState Fullerton, Anaheim’s Hospitality And Tourism Corridor and coastal cities including Huntington Beach, Newport Beach, Long Beach & San Pedro. Additional income is currently generated through parking, on-site coin laundry and storage, with further upside in the opportunity to implement a Ratio Utility Billing System (RUBS) to materially increase net operating income without significant capital expenditure. The combination of liquid unit mix, operational upside, and optional parcel-level disposition positions the offering as a compelling investment in the high-demand, high-barrier Orange County Market.
Location Intelligence

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Apartment buildings

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Location Insight

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City
Garden Grove
County
Orange
State
California
Longitude
-117.94373
Latitude
33.800244

FAQs

What type of property is this?
Apartment building - 16-unit apartment portfolio in Garden Grove, Orange County.
Where is this apartment building located?
The property is located at 10851-10861 Palma Vista Ave Garden Grove, CA.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Value‑add opportunity through rent optimization and expense recovery.; Located in a supply‑constrained Orange County rental market.; Stable historical occupancy and long‑term tenants.
More about this property
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