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343 S Bedford Road, Orange, CA, 92868

El Commodor Apartments

$9,900,000

Key Information

Cap Rate
4%
$ per SF
$505
Tot. SF
19,577
Lot Size
0.76 Acres
Units
27
Year Built
1961
Type
Apartments
NOI
$396,295

Highlights

• 27-unit, two-story garden-style community in a central Orange location
• Desirable unit mix of 12 one-bedroom / one-bath, three two-bedroom / one-bath, and 12 two-bedroom / 1.5-bath units, with two-bedrooms comprising 56% of the total
• Approximately 19,577 rentable SF on a ±0.76-acre lot, with spacious floor plans for the vintage
• Built in 1961 with a pitched composition shingle roof and wood-frame and stucco construction
• Eight units feature upgraded interiors with new counters, appliances, flooring, and lighting, supporting a proven renovation path for the remaining units
• Dedicated one-car garage for every unit, plus open parking on site
• Landscaped interior courtyard with barbecues and seating areas, enhancing tenant appeal and curb appeal
• Individually metered gas and electricity paid by tenants, reducing owner utility expenses
• Wall air conditioning, gas wall heating, dishwashers, and gas kitchen appliances in the units, plus landlord-owned on-site laundry facilities
• Approximately one-half mile from the MainPlace Mall redevelopment and close to CHOC Children’s Hospital, Orange Town & Country Center, and CityPlace retail
• Near Old Towne Orange, Chapman University, Santiago Park, the Discovery Cube, and Angel Stadium
• Excellent connectivity via the I-5, SR-22, and SR-57 Freeways

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245