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10761 Palma Vista Ave, Garden Grove, CA 92840
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10761 Palma Vista Ave Garden Grove, CA 92840

$1,440,000 Sold Price as of 08/02/2023
  • 7 Beds
  • 7 Baths
  • 3,786 Sq.Ft.
Sold
$1,440,000 Sold Price as of 08/02/2023 Refinance Your Mortgage
Map preview of 10761 Palma Vista Ave, Garden Grove, CA 92840

Property Overview: 10761 Palma Vista Ave Garden Grove, CA has 7 bedrooms, 7 bathrooms, 3,786 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 10761 Palma Vista Ave is in the desirable City of Garden Grove, California. Built in 1961, this garden-style two-story walkup consists of all one-bed one-bath units averaging over 630 square feet per unit. The building has a pitched shingle roof, separate electric meters, and an on-site laundry room for tenant convenience. Units have wall air conditioning, security screen doors, and covered parking. The grounds are also nicely landscaped. The property is in Northeast Garden Grove next to Disneyland Park, Disney California Adventure Park, Anaheim Convention Center, Angel Stadium, Honda Center, Loara High School, and The Promenade Shopping Center. This puts the property near major retail, educational, and employment opportunities. It is walking distance to CVS, Food 4 Less, Lake Intermediate School, Stoddard Elementary School, Simmons Elementary School, and Anaheim Urgent Care. The property is also conveniently located Near CA-5 & CA-22, allowing residents to easily access the Southern California region.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 9 minutes ago | Last updated: August 3rd, 2023 | Source CRMLS | DOM: 170

Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC22254383
City
Garden Grove
County
Orange
Time on Site
514 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $8,300
  • Pro Forma/Market Rent: $10,170
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $102,000
  • Net Operating Income: $66,859
  • Gross Operating Income: $100,008
  • Vacancy Allowance: $1,992
  • Gross Spendable Income: $66,859
  • Laundry Income: $2,400
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $33,149
  • Electric: $520
  • Gas/Fuel: $480
  • New Taxes: $17,252
  • Trash: $2,100
  • Gardener: $1,200
  • Insurance: $2,400
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $3,290
  • Other Expenses: $1,670

Property Details for 10761 Palma Vista Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Levels: Two
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Detached Carport, Covered
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 08965104
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Not available
  • Directions: From W Katella Ave to Euclid St, then onto Palma Vista Ave
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Garden Grove Agent

Sale History for 10761 Palma Vista Ave

Last sold for $1,440,000 on August 2nd, 2023

  • August, 2023

  • Aug 2, 2023

    Date

    Sold

    CRMLS: OC22254383

    $1,440,000

    Price

  • Dec 19, 2022

    Date

    Active

    CRMLS: OC22254383

    $1,560,000

    Price

  • October, 2004

  • Oct 27, 2004

    Date

    Sold (Public Records)

    Public Records

    $729,000

    Price

  • May, 2003

  • May 21, 2003

    Date

    Sold (Public Records)

    Public Records

    $545,000

    Price

Show More

Tax History for 10761 Palma Vista Ave

Assessed Value (2020): $929,147
Year Land Value Improved Value Assessed Value
2020 $674,243 $254,904 $929,147

Home Value Compared to the Market

This property vs the competition

10761 Palma Vista Ave sold on August 2, 2023 for 62.55% higher than the current median sold price for the city of Garden Grove which is $932,000. The median sold price per/sqft for Garden Grove is $637 and this home is sold at $400.16 per/sqft which puts the price per square foot 37.18% lower than the current median sale per square foot for the city of Garden Grove.

About 10761 Palma Vista Ave

Detailed summary of property

10761 Palma Vista Ave is a apartment that recently sold in Garden Grove, CA 92840. This apartment offered 7 bedrooms, 7 bathrooms, roughly 3,786 living square feet, and sits on an approximately 10,019 square foot lot. 10761 Palma Vista Ave was first listed on ArdentRealEstateGroup.com on December 19, 2022. The homeowner sold the property for $1,440,000. Home in Garden Grove are selling for a median price of $932,000 and a median price per square foot of $637. Based on Ardent Real Estate Group's Garden Grove Market Data, this home is sold 62.55% higher than the current median priced home. Local homes that are currently for sale include 728 W Romneya Dr, 1600 Picadilly Way and 7545 Jackson Way. While the average home in Garden Grove, CA is selling in 32 days, 10761 Palma Vista Ave has a days on market of 170 days. There are currently 116 homes for sale in the Garden Grove real estate market and 92 of them are single family homes while 18 of them are condos and 6 are townhomes. For more information on this home for sale at 10761 Palma Vista Ave Garden Grove, CA 92840 contact Ardent Real Estate Group and we will put you in touch with one of our Garden Grove agents.

Public Facts for 10761 Palma Vista Ave

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
3,789
Lot Size
10,056
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
18
APN
089-651-04

The source for these homes facts are from public records.

92840 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$655,000
Median Sold Price/Sq.Ft.
$528
Total Inventory
43
Median Sale to List Price %
100.77%
Avg Days on Market
15
Loan Type
Conventional (38.46%), FHA (7.69%), VA (0%), Cash (38.46%), Other (15.38%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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