Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

27

Building size

20,680 sqft

Lot size

0.75 sqft

Year built

1961

Stories

2

Garage spaces

27

Heating

Natural Gas,Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

0

MLS #

249102106

About this property

We are pleased to present the El Commodor Apartments located at 343 S. Bedford Road, a 27-unit multifamily investment opportunity located Next to Choc Hospital in Orange. Built in 1961, the property is a two-story, garden-style community totaling approximately 19,577 rentable square feet on a ±0.76-acre lot. The desirable unit mix includes 12 one-bedroom / one-bathroom units, three two-bedroom / one-bathroom units, and 12 two-bedroom / 1.5-bathroom units. Two-bedroom floor plans make up 56% of the community. A landscaped interior courtyard provides strong curb appeal and a pride-of-ownership feel that is increasingly rare in vintage Orange County product. Each unit includes a dedicated one-car garage, with additional open parking on site. Units feature gas kitchen appliances, dishwashers, ceiling fans, gas wall heating, and wall air conditioning. Eight of the two-bedroom / 1.5-bath units have been upgraded with new counters, appliances, flooring, and lighting, giving the next owner a proven interior finish to replicate across the remaining units. Gas and electric are separately metered and paid by tenants, which limits owner utility exposure. Additional features include landlord-owned laundry facilities, courtyard barbecues and seating areas, and a pitched composition shingle roof. The property is located in a central Orange neighborhood, roughly one-half mile from the reported $500 million MainPlace Mall redevelopment, which is transforming more than 100 acres into a mixed-use destination of retail, dining, entertainment, and residential uses. CHOC Children's Hospital, a major regional employment anchor, is also nearby, along with Orange Town & Country Center, CityPlace retail, Santiago Park, and the Discovery Cube. Old Towne Orange and Chapman University are a short drive away, and Angel Stadium is easily reached. Immediate access to the I-5, SR-22, and SR-57 Freeways provides excellent regional connectivity to employment centers throughout Orange and Los Angeles Counties. With its strong location fundamentals, attractive unit mix, and long-term rental demand, 343 S. Bedford Road represents a compelling investment opportunity in one of Southern California's most desirable multifamily markets.

Location

343 S Bedford Road

Orange, Orange, CA, 92868