10861 Palma Vista Avenue

    Garden Grove, CA 92840
    • $1,775,000
    • STATUS: Active
    • ON SITE: 147 days
    • ID#: PW19121915
    UPDATED: 52 min ago
    $1,775,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,024
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    8 Unit multifamily investment property in the city of Garden Grove with significant upside potential in rental income. All units have recent rent increases to $1,300 per month with a potential additional increase to $1,400 per month. Over $80,000 in Net Operating Income ensures a profitable investment with great upside potential.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/95203742

    10861 Palma Vista Avenue Garden Grove, CA 92840

    • Price: $1,775,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: PW19121915
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    5,024
    SQFT
    $353
    $/SQFT
    1961
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    62 - Garden Grove N of Chapman, W of Euclid
    Property Description
    8 Unit multifamily investment property in the city of Garden Grove with significant upside potential in rental income. All units have recent rent increases to $1,300 per month with a potential additional increase to $1,400 per month. Over $80,000 in Net Operating Income ensures a profitable investment with great upside potential.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features LawnRectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarport Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Elevation Units Feet Fuel Expense 800.00 Gardener Expense 550.00 Gross Income 124800.00 Gross Scheduled Income 126000.00 Insurance Expense 1350.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Net Operating Income 80900.00 New Construction YN No New Taxes Expense 21838.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 45100.00 Other Expense 2483.00 Other Expense Description Repairs Professional Management Expense 6240.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Unknown Tenant Pays Electricity Total Expenses 45100.00 Trash Expense 4157.00 Water Sewer Expense 7682.00 Water Source Public Year Built Source Assessor Zoning R3

    Listing provided courtesy of Carlos Barron of T.N.G. Real Estate Consultants and Jacquelyn Tobias of T.N.G. Real Estate Consultants


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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