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Multifamily

Stonewood Apartments

410 W Imperial Hwy, Brea, CA 92821

Listing Price: Request For Offer

Number of Units
35
Gross SF
30,008

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Stonewood Apartments, a 35-unit multifamily investment property located at 410 West Imperial Highway in Brea, CA. Built in 1979, Stonewood Apartments offers a desirable unit mix of 2, studio units, 1, one-bedroom unit, 31, two-bedroom units, of which 27 are townhomes, and 1, three-bedroom unit. The property features an attractive amenity package including central A/C and heat, surface and garage parking, private patios or balconies, and on-site laundry. Current ownership recently completed a $500,000 renovation to the exterior of the property which included exterior paint, windows, balconies and more (for more information, see OM). Stonewood Apartments is positioned adjacent to Imperial Highway, a main retail thoroughfare in the region, and near State Route 57, placing residents in close proximity to major employment hubs in Orange and Los Angeles Counties. Directly across the street from the property is Brea Gateway Center, a community center whose anchor tenants include Ralphs, Rite Aid, and HomeGoods, which provide residents with easy access to everyday needs. Additionally, Stonewood Apartments is located within 2 miles of Brea's major shopping centers including the Brea Mall. Brea is among the strongest performing areas in metro Orange County, with an average occupancy of 98.5 percent (1Q 2022) and average yearly rent growth of 5.4 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. Brea’s strong economic growth and excellent north Orange County location in close proximity to Los Angeles County have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market and the low transaction volume within Brea, Stonewood Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon. This overall demand for well located and well-maintained apartments will be a key driver in the continued growth at Stonewood Apartments.

Investment Highlights

  • A 35-Unit Multifamily Investment Property Located in Brea, CA
  • 91 Percent Two & Three-Bedroom Floor Plans
  • Significant Exterior Renovations Completed in 2022
  • Attractive Amenity Package
  • Private Patios or Balconies, Central A/C & Heat, & On-Site Laundry
  • Situated Adjacent to Brea Gateway Center & Brea Downtown

Exclusively Listed By

Multifamily

Stonewood Apartments

Listing Price: Request For Offer

Number of Units
35
Gross SF
30,008

Investment Highlights

  • A 35-Unit Multifamily Investment Property Located in Brea, CA
  • 91 Percent Two & Three-Bedroom Floor Plans
  • Significant Exterior Renovations Completed in 2022
  • Attractive Amenity Package
  • Private Patios or Balconies, Central A/C & Heat, & On-Site Laundry
  • Situated Adjacent to Brea Gateway Center & Brea Downtown

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Stonewood Apartments, a 35-unit multifamily investment property located at 410 West Imperial Highway in Brea, CA. Built in 1979, Stonewood Apartments offers a desirable unit mix of 2, studio units, 1, one-bedroom unit, 31, two-bedroom units, of which 27 are townhomes, and 1, three-bedroom unit. The property features an attractive amenity package including central A/C and heat, surface and garage parking, private patios or balconies, and on-site laundry. Current ownership recently completed a $500,000 renovation to the exterior of the property which included exterior paint, windows, balconies and more (for more information, see OM). Stonewood Apartments is positioned adjacent to Imperial Highway, a main retail thoroughfare in the region, and near State Route 57, placing residents in close proximity to major employment hubs in Orange and Los Angeles Counties. Directly across the street from the property is Brea Gateway Center, a community center whose anchor tenants include Ralphs, Rite Aid, and HomeGoods, which provide residents with easy access to everyday needs. Additionally, Stonewood Apartments is located within 2 miles of Brea's major shopping centers including the Brea Mall. Brea is among the strongest performing areas in metro Orange County, with an average occupancy of 98.5 percent (1Q 2022) and average yearly rent growth of 5.4 percent from 2013 to 2021, thus demonstrating the strong demand for rental housing. Brea’s strong economic growth and excellent north Orange County location in close proximity to Los Angeles County have made it one of Southern California’s most desirable and versatile markets. Given the strength of the overall apartment market and the low transaction volume within Brea, Stonewood Apartments is well suited to provide investors with strong returns and value appreciation over the long term investment horizon. This overall demand for well located and well-maintained apartments will be a key driver in the continued growth at Stonewood Apartments.

Exclusively Listed By

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