Multifamily
Bel Air & El Commodor Apartments
315 & 343 S Bedford Rd, Orange, CA 92868
Listing Price: $19,000,000
Investment Overview
PRIME LOCATIONS:
Bel Air and El Commodor are two contiguous, 27 unit properties that are situated just half a mile from the multi-phase redevelopment of MainPlace Mall and are in close proximity to the renowned CHOC Children’s Hospital. They sit in one of the most economically vibrant and institutionally supported pockets of the City of Orange. The location offers unparalleled access to healthcare employment hubs, retail transformation, and freeway connectivity to job centers across Orange and Los Angeles Counties.
COMPELLING INVESTMENT FUNDAMENTALS:
• Significant Income Upside: Operations at all three properties reflect below-market rents and are well-positioned for outsized rental growth.
• Demand Tailwinds: The severe cost differential between renting ($2,750 avg.) and owning ($9,248 avg.) in Orange County supports stable, long-term renter demand, especially among workforce households priced out of homeownership.
• Proven Rent Growth: Historical rent growth in Orange County has been both strong and resilient, with continued increases forecast through the end of the decade.
WHY BUY?
With affordability challenges driving sustained renter demand, and historical trends pointing toward ongoing rent appreciation, these properties provide compelling opportunities for both near-term value creation and long-term growth amid rising replacement costs for new multifamily development and growing demand for rental housing.
MULTIPLE ACQUISITION OPTIONS:
At the introduction of these listings, buyers can acquire all or various components of the portfolio including the 24 units in Anaheim as follows:
• Park Promenade - 24 units, Anaheim - $9,500,000
• Bel Air - 27 units, Orange - $9,500,000
• El Commodor - 27 units, Orange - $9,500,000
• Bel Air and El Commodor - 54 units, Orange - $19,000,000
• Park Promenade, Bel Air and El Commodor - 78 units, Anaheim and Orange - $28,500,000
Investment Highlights
- Two contiguous 27 unit apartment buildings can be purchased together or separately along with 24 units at 410 N. Lemon in Anaheim. Each property is priced at $9,500,000.
- Substantial value-add upside
- Outstanding location near major, $500 million New MainPlace redevelopment and CHOC
Exclusively Listed By
Financing By
Listing Price: $19,000,000
Investment Highlights
- Two contiguous 27 unit apartment buildings can be purchased together or separately along with 24 units at 410 N. Lemon in Anaheim. Each property is priced at $9,500,000.
- Substantial value-add upside
- Outstanding location near major, $500 million New MainPlace redevelopment and CHOC
Investment Overview
PRIME LOCATIONS: Bel Air and El Commodor are two contiguous, 27 unit properties that are situated just half a mile from the multi-phase redevelopment of MainPlace Mall and are in close proximity to the renowned CHOC Children’s Hospital. They sit in one of the most economically vibrant and institutionally supported pockets of the City of Orange. The location offers unparalleled access to healthcare employment hubs, retail transformation, and freeway connectivity to job centers across Orange and Los Angeles Counties. COMPELLING INVESTMENT FUNDAMENTALS: • Significant Income Upside: Operations at all three properties reflect below-market rents and are well-positioned for outsized rental growth. • Demand Tailwinds: The severe cost differential between renting ($2,750 avg.) and owning ($9,248 avg.) in Orange County supports stable, long-term renter demand, especially among workforce households priced out of homeownership. • Proven Rent Growth: Historical rent growth in Orange County has been both strong and resilient, with continued increases forecast through the end of the decade. WHY BUY? With affordability challenges driving sustained renter demand, and historical trends pointing toward ongoing rent appreciation, these properties provide compelling opportunities for both near-term value creation and long-term growth amid rising replacement costs for new multifamily development and growing demand for rental housing. MULTIPLE ACQUISITION OPTIONS: At the introduction of these listings, buyers can acquire all or various components of the portfolio including the 24 units in Anaheim as follows: • Park Promenade - 24 units, Anaheim - $9,500,000 • Bel Air - 27 units, Orange - $9,500,000 • El Commodor - 27 units, Orange - $9,500,000 • Bel Air and El Commodor - 54 units, Orange - $19,000,000 • Park Promenade, Bel Air and El Commodor - 78 units, Anaheim and Orange - $28,500,000
Exclusively Listed By
Financing By

