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10811 Palma Vista Avenue

Garden Grove, CA 92840
  • $9,800,000
  • STATUS: Active
  • ON SITE: 248 Days
  • ID#: OC23044930
UPDATED: 37 min ago
$9,800,000
  • 0
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Rebecka Forrester of T.N.G. Real Estate Consultants (714-987-3310)


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, 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. Offering Memorandum available in supplements. Pro Form cap 5.4%, current cap 4.3% including new taxes. Seller is motivated.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T20:31:01.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/138005920
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10811 Palma Vista Avenue Garden Grove, CA 92840

  • Price: $9,800,000
  • Status: Active
  • On Site: 248 Days
  • Updated: 37 min ago
  • ID#: OC23044930
0
Beds
0
Baths
0
½ Baths
0.88
Acres
1961
Built
Neighborhood:
62 - Garden Grove N of Chapman, W of Euclid
County:
Orange
Area:
62 - Garden Grove N of Chapman, W of Euclid
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, 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. Offering Memorandum available in supplements. Pro Form cap 5.4%, current cap 4.3% including new taxes. Seller is motivated.
Exterior Features

Construction Materials Stucco Fencing Average ConditionBlock Lot Features 0-1 Unit/AcreCul-De-SacSprinklers In FrontLevelNear Public TransitWalkstreetYard Roof Shingle Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Building Name All addresses:10811107911085110861 Palma Vista Cap Rate 4.3 Common Interest Community Apartment Current Financing Conventional Electric Expense 1464 Gross Scheduled Income 602940 Insurance Expense 6480 Land Lease YN No Laundry Features Common AreaLaundry Room Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 4500 Net Operating Income 422545 Number Of Units Leased 32 Operating Expense 191975 Other Expense 3916 Property Sub Type Multi Family Security Features Smoke Detector(s)Security Lights Special Listing Conditions Standard Supplies Expense 2900 Tax Annual Amount 110000 Tax Year 2022 Trash Expense 18000 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 18160 Vacancy Allowance Rate 3 Water Sewer Expense 30727 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T20:31:01.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
 
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EQTY | Forbes Global Properties
1100 Newport Center Drive, Suite 110
Newport Beach CA, 92660
Listing Agent(s): Rebecka Forrester of T.N.G. Real Estate Consultants (714-987-3310)