Investment Overview

Orland Apartments is split into two sections: a Large Family two-story section and a Senior one-story section. The complex is comprised of 82 units in total. Between the two parcels, there is an ample 9.19 acres. REGULATORY: Orland Apartments is a part of the Section 42 (LIHTC) Program. It had a 4% allocation and was officially Placed in Service in 2006. The current Section 42 Regulatory Agreement for this establishment is set to expire in 2061. Additionally, this complex is situated in a DDA designated area, which means it could potentially benefit from a basis boost in the event of resyndication, assuming all qualifying factors remain consistent. Furthermore, the property initially secured a USDA RD Section 515 Loan back in 1982. However, this loan was later transferred and subsequently extended with a 30-year term in 2005. As a result, it is expected to Expire in 2035. The stipulations of this loan include a Section 515 RTO Limit of $34,339 and a mandate for a Reserve Account Covenant amounting to $43,092 annually. LOCATION: Strategically positioned along the Interstate 5 corridor, Orland presents a golden opportunity for investors eyeing both growth and stability. The town's agricultural prowess, manifested in its vast almond orchards and olive groves, ensures a resilient local economy. This economic bedrock not only enriches the community but also underscores the consistent demand for housing, making the affordable housing sector particularly promising. Diverse infrastructural strengths amplify Orland's appeal. A solid educational framework attracts families, thus anchoring long-term housing demand. Meanwhile, a vibrant commercial sector, hosting both local businesses and national brands, guarantees employment avenues, further driving the demand for residences. Beyond the tangible assets, Orland boasts a harmonious community spirit. Local events and community activities foster cohesion, leading to longer tenancy durations—a clear advantage for property investors keen on minimizing turnover costs. In essence, Orland, California, emerges as an enticing blend of consistent economic strength and growth potential. For the astute investor looking to optimize returns in real estate, Orland stands as an unmissable prospect.