Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Orange Grove Apartments, a 78-unit multifamily investment property located in Orange, CA. Orange Grove Apartments consists of 10 properties along West Almond Avenue and South McCoy Road (for a complete list of addresses, please see the OM). Orange Grove Apartments offers exclusively spacious two-bedroom floor plans, of which 92 percent are townhomes. The property features highly desirable amenities including private patios, ample garage parking, and in-unit laundry machines. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience for its residents. 50 of the 78 units have been renovated with high-quality finishes and upgrades including new appliances, plumbing fixtures, flooring, cabinetry, paint, and more (see OM for more details). Orange Grove Apartments is situated within walking distance of Chapman Avenue, the bustling thoroughfare that grants residents convenient access to daily needs. Additionally, the property is within 1 mile of Old Towne Orange, placing residents moments from a plethora of eclectic retail, dining, and entertainment options. Orange Grove Apartments is also located just over 1 mile from the Platinum Triangle, which is home to some of Orange County’s most popular destinations, including Angel Stadium and The Honda Center. The property is also just over 1 mile from The Outlets at Orange, providing residents an easy commute to numerous retail amenities. Furthermore, Orange Grove Apartments benefits from its close proximity to the Interstate 5 and State Route 22 Interchange, connecting residents to employment hubs throughout Orange and Los Angeles Counties. Given the property’s fantastic location and its high-quality upgrades, Orange Grove Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.