Bel Air & El Commodor Apartments 2 biens • Immeuble residentiel • À vendre 23 958 726 $ CAD • Orange, CA

PRIME ORANGE COUNTY, CALIFORNIA LOCATION:
Bel Air and El Commodor are two contiguous, 27 unit properties on two separate parcels. The buildings are situated just half a mile from the multi-phase redevelopment of MainPlace Mall and are in close proximity, walking distance, to the renowned CHOC Children’s Hospital and Provident Saint Joseph Hospital. They sit in one of the most economically vibrant and institutionally supported pockets of the City of Orange. The location not only offers unparalleled access to healthcare employment hubs, if also offers outstanding access to retail, entertainment, and convenient freeway connectivity to job centers across Orange and Los Angeles Counties.

COMPELLING INVESTMENT FUNDAMENTALS:
• Significant Value-Add Upside: Bel Air & El Commodor have significantly 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, Bel Air and El Commodor offers a compelling opportunity for both a short and long-term value-add investors in a supply-constrained housing market amid rising replacement costs for new multifamily development and growing demand for rental housing.