1112 N Bradford Ave - Apartments FOR SALE


Placentia, CA 92870
$51,000,000 USD
949-295-8560
1112 N Bradford Ave, Placentia, CA for Sale
$51,000,000 USD
Apartments - FOR SALE
1/33
null | 3.89% Cap Rate

1112 N Bradford Ave
Placentia, CA 92870


HIGHLIGHTS

  • Active Adult Senior Apartments for the 55 and Over Community
  • Built in 2002
  • Attractive Unit Mix of One- & Two-Bedroom Floor Plans
  • Value-Add Opportunity with Significant Rental Upside
  • Desirable Unit Features Include Private Patios/Balconies, Ceiling Fans, Dishwashers, Central Heat & A/C & More
  • Prime Placentia Location Adjacent to Brea, Yorba Linda and Fullerton

OVERVIEW

Morgan Skenderian is pleased to present the Bradford Terrace Senior Apartments, a 176-unit, active adult senior apartment building (for the 55+ community) in the city of Placentia. Built in 2002 and situated on over 3 acres of land, the property is comprised of one- and two-bedroom floor plans. Property amenities include gated access, a swimming pool, a spa, laundry facilities, library, fitness center, clubhouse, game room, and picnic area. Units are newly renovated and amenities include kitchen appliances, plank flooring, carpeting, ceiling fans, and a private patio or balcony. Driven by an aging population and through the continued modernization of the remaining units and increases on current rent levels that are projected to be nearly 34% below market, the Bradford Terrace Senior Apartments is a stand-out for a long-term hold strategy with phenomenal growth potential and exceptional future cash-on-cash returns. Ideally located in the city of Placentia and given its close proximity to Brea, Yorba Linda and Fullerton, residents have access to an endless amount of dining, shopping, and entertainment options. Additionally, the property is located roughly 1.50 miles from the future Placentia Metrolink Station and roughly 3 miles from where State Route 57 (the Orange Freeway) and State Route 91 (the Riverside Freeway) meet, allowing for ease of access to regional employment hubs in Los Angeles, Orange, and Riverside Counties.

FOR SALE DETAILS

PRICE

$51,000,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

176

PRICE/UNIT

$289,773

CAP RATE

3.89%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bradford Terrace Senior Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

176

LAND DETAILS

LAND ACRES

3.16 AC

LAND SF

137,650 SF

ZONING

-

APN/PARCEL ID

339-151-37

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.