Multifamily
North Bedford Portfolio
300 - 326 & 400 - 426 N Bedford St, La Habra, CA 90631
Listing Price: $10,276,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the North Bedford Portfolio, a 2-property, 28-unit multifamily investment portfolio located in La Habra, CA. This is a unique opportunity to acquire true value-add properties in a submarket with limited historical transactional velocity. The North Bedford Portfolio consists of Palm Villas and Loma Verde, two, 14-unit multifamily properties located at 300 - 326 and 400 - 426 North Bedford Street, respectively. The portfolio offers 100 percent two-bedroom floor plans as well as amenities including spacious courtyards, tuck-under, garage, and surface parking, on-site laundry facilities, and security doors. With current rents well below market rates, Palm Villas and Loma Verde represent an attractive value-add opportunity for a new owner looking to complete a comprehensive renovation plan. As shown by our rental survey (see OM), modernizing the apartment interiors and exteriors will elevate Palm Villas and Loma Verde to a higher standard of rental living and yield a substantial monthly rental premium. Located in northeast La Habra, the portfolio offers convenient access to nearby amenities including a plethora of retail centers along Harbor Boulevard. Situated at the edge of a single-family residential zone, residents enjoy walkable access to Sierra Vista Elementary School, Washington Middle School, and Sonora High School. The portfolio is also just under three-quarter miles from CVS’s La Habra Distribution Center, the premier employer in La Habra with over 825 employees, per the city’s 2021 Comprehensive Annual Financial Report. Additionally, La Habra features attractive demographics including an average household income of more than $108,000 and a vacancy rate of just 2.6 percent for the fourth quarter of 2022. Ideally positioned at the crossroads of Los Angeles and Orange Counties, the North Bedford Portfolio is poised to capture the benefits of a solid rental market and enjoy continued growth.
Investment Highlights
- The Only Active Listing of More Than 10 Units in La Habra (Per LoopNet)
- Two Separate Parcels | Each Offering 14 Units
- Attractive Unit Mix | Exclusively Two-Bedroom Units
- Spacious Courtyards | Ample Covered & Surface Parking
- On-Site Laundry Facilities
- Value-Add Opportunity with Substantial Rental Upside Through a Comprehensive Renovation Plan
- Ideally Positioned at the Crossroads of Los Angeles & Orange Counties, Connecting Residents to Regional Employment Hubs
Listing Price: $10,276,000
Investment Highlights
- The Only Active Listing of More Than 10 Units in La Habra (Per LoopNet)
- Two Separate Parcels | Each Offering 14 Units
- Attractive Unit Mix | Exclusively Two-Bedroom Units
- Spacious Courtyards | Ample Covered & Surface Parking
- On-Site Laundry Facilities
- Value-Add Opportunity with Substantial Rental Upside Through a Comprehensive Renovation Plan
- Ideally Positioned at the Crossroads of Los Angeles & Orange Counties, Connecting Residents to Regional Employment Hubs
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire the North Bedford Portfolio, a 2-property, 28-unit multifamily investment portfolio located in La Habra, CA. This is a unique opportunity to acquire true value-add properties in a submarket with limited historical transactional velocity. The North Bedford Portfolio consists of Palm Villas and Loma Verde, two, 14-unit multifamily properties located at 300 - 326 and 400 - 426 North Bedford Street, respectively. The portfolio offers 100 percent two-bedroom floor plans as well as amenities including spacious courtyards, tuck-under, garage, and surface parking, on-site laundry facilities, and security doors. With current rents well below market rates, Palm Villas and Loma Verde represent an attractive value-add opportunity for a new owner looking to complete a comprehensive renovation plan. As shown by our rental survey (see OM), modernizing the apartment interiors and exteriors will elevate Palm Villas and Loma Verde to a higher standard of rental living and yield a substantial monthly rental premium. Located in northeast La Habra, the portfolio offers convenient access to nearby amenities including a plethora of retail centers along Harbor Boulevard. Situated at the edge of a single-family residential zone, residents enjoy walkable access to Sierra Vista Elementary School, Washington Middle School, and Sonora High School. The portfolio is also just under three-quarter miles from CVS’s La Habra Distribution Center, the premier employer in La Habra with over 825 employees, per the city’s 2021 Comprehensive Annual Financial Report. Additionally, La Habra features attractive demographics including an average household income of more than $108,000 and a vacancy rate of just 2.6 percent for the fourth quarter of 2022. Ideally positioned at the crossroads of Los Angeles and Orange Counties, the North Bedford Portfolio is poised to capture the benefits of a solid rental market and enjoy continued growth.

