Garden Grove, CA 92840 10802 Palma Vista Avenue
$2,395,000
15 more
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
- MLS# OC25156174
- 07/11/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 1
SQFT • 5,025
Home Details
Exceptional cash-flowing 8-unit apartment building in Garden Grove, delivering a strong 6.26% cap rate with immediate income and zero deferred maintenance. Every unit has been fully transformed with over-the-top, luxury-level renovations—including in-unit washer/dryers, quartz countertops, custom shaker cabinets, stainless steel appliances, new bathrooms, and designer finishes throughout. This turnkey property is 100% occupied and stabilized, offering an investor dependable income from day one. With no local rent control (only AB 1482), this is a rare, hassle-free opportunity to own a high-performing asset in a prime Orange County location.
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
Interior Features for 10802 Palma Vista Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside, Stacked
Total Stories2
Other Rooms
Entry Level
General for 10802 Palma Vista Avenue
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces8.0
Carport Y/NYes
CityGarden Grove
Community FeaturesCurbs, Sidewalks
CountyOrange
DirectionsMajor Cross Street is Lincoln and Katella
Electric Expense1200.0
Entry LocationGround
Expected Active Date 2025-07-12
Fuel Expense2603.0
Garage Spaces0.0
Garage Y/NNo
Gross Income214488.0
HOANo
Home Warranty Y/NNo
Insurance Expense4274.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet9611.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income149853.0
New ConstructionNo
Number Of Units Total8
Open Parking Spaces3.0
Operating Expense58200.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot12
Trash Expense4733.0
Water Sewer Expense6717.0
Year Built1961
Year Built SourceAssessor
Exterior for 10802 Palma Vista Avenue
Building Area Total5025.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.2206
Lot Size Area9611.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking11.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate