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10791 Palma Vista Avenue

Garden Grove, CA 92840
  • $9,800,000
  • STATUS: ACTIVE
  • ON SITE: 163 Days
  • ID#: OC23061123
UPDATED: 69 min ago
$9,800,000
  • 1
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

This 32 Unit apartment complex could be sold together or as two 16 unit complexes. Located close to Disneyland. All units have been remodeled with tile floors, granite counters in kitchens, new cabinets, dual paned windows, dual paned windows, and paint. 48 parking spots are provided with additional street parking. Each unit is 1 bedroom and 1 bathroom with an average of 628 square feet per unit. All tenants are current on rent and all leases are month to month. Rent average per unit is $1570/month. Highest unit amount is $2000/month. Pro Forma: $1900/unit would generate a 5.3% cap. Seller is motivated. Offering Memorandum available in supplements. This 32 Unit apartment complex could be sold together or as two 16 unit complexes. Located close to Disneyland. All units have been remodeled with tile floors, granite counters in kitchens, new cabinets, dual paned windows, dual paned windows, and paint. 48 parking spots are provided with additional street parking. Each unit is 1 bedroom and 1 bathroom with an average of 628 square feet per unit. All tenants are current on rent and all leases are month to month. Rent average per unit is $1570/month. Highest unit amount is $2000/month. Pro Forma: $1900/unit would generate a 5.3% cap. Seller is motivated. Offering Memorandum available in supplements.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/138509934
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10791 Palma Vista Avenue Garden Grove, CA 92840

  • Price: $9,800,000
  • Status: ACTIVE
  • On Site: 163 Days
  • Updated: 69 min ago
  • ID#: OC23061123
1
Beds
0
Baths
0
½ Baths
0.88
Acres
Neighborhood:
Oc - Garden Grove (92840)
County:
Orange
Area:
Oc - Garden Grove (92840)
Property Description
This 32 Unit apartment complex could be sold together or as two 16 unit complexes. Located close to Disneyland. All units have been remodeled with tile floors, granite counters in kitchens, new cabinets, dual paned windows, dual paned windows, and paint. 48 parking spots are provided with additional street parking. Each unit is 1 bedroom and 1 bathroom with an average of 628 square feet per unit. All tenants are current on rent and all leases are month to month. Rent average per unit is $1570/month. Highest unit amount is $2000/month. Pro Forma: $1900/unit would generate a 5.3% cap. Seller is motivated. Offering Memorandum available in supplements. This 32 Unit apartment complex could be sold together or as two 16 unit complexes. Located close to Disneyland. All units have been remodeled with tile floors, granite counters in kitchens, new cabinets, dual paned windows, dual paned windows, and paint. 48 parking spots are provided with additional street parking. Each unit is 1 bedroom and 1 bathroom with an average of 628 square feet per unit. All tenants are current on rent and all leases are month to month. Rent average per unit is $1570/month. Highest unit amount is $2000/month. Pro Forma: $1900/unit would generate a 5.3% cap. Seller is motivated. Offering Memorandum available in supplements.
Exterior Features

Exterior Stucco Pool N/K Roof Composition Site Curbs Spa N/K

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 1 Units With Cooling 0 Units With Range Oven 32 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 4.4 Annual Expense Actual 191000 Buildings 4 Cfd Mello Roos Fee 8884.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 605340 Home Owners Fees 0.0 Monthly Total Fees 740 Telecommunications Satellite Dish Tenant Pays Cable TvElectricityGas/Propane Unit Number For Unit1 1 Unit1 Rent Actual 1570.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Rebecka Forrester of T.N.G. Real Estate Consultants: 714-412-5157. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128