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$2,330,000
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Property Description
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.
Full Property Details
Full Property Details for 10802 Palma Vista Ave
General
- Sold For: $2,330,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC25156174
- Added to Site: 234 day(s) ago
Rooms
Other Rooms
- Laundry: Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: Major Cross Street is Lincoln and Katella
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: Ground
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,025
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2206
- Lot Size Source: Assessor
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $463.68
- Price Per Unit: 299375
Listed and Sold by Pat Swanson, Pat Swanson
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Schools
Schools serving 10802 Palma Vista Ave
School District:Garden Grove Unified School District
| Name | Grades | Distance |
|---|---|---|
Linton T. Simmons Elementary School 11602 Steele Dr., Garden Grove, CA 92841 | K-6 | 0.3 mi |
Louis Lake Intermediate School 10801 Orangewood Avenue, Garden Grove, CA 92840 | 7-8 | 0.2 mi |
Rancho Alamitos High School 11351 Dale Street, Garden Grove, CA 92841 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10802 Palma Vista Ave
Date
Details
Price
Change
Source
10/21/2025
Sold
$2,330,000
-2.71%
MLS
7/12/2025
Listed
$2,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10802 Palma Vista Avenue, Garden Grove, CA 92840 (MLS# OC25156174) is a Multi-Family property that was sold at $2,330,000 on October 21, 2025. Want to learn more about 10802 Palma Vista Avenue? Do you have questions about finding other Multi-Family real estate for sale in Garden Grove? You can browse all Garden Grove real estate or contact a Coldwell Banker agent to request more information.

