1522 W Almond Ave, Orange, CA 92868

Property Description

Orange Grove Apartments is a 10-property, 78-unit multifamily investment property located in Orange, CA. Orange Grove Apartments includes: 1522 West Almond Avenue, 1610 West Almond Avenue, 220 South McCoy Road, 221 South McCoy Road, 230 South McCoy Road, 231 South McCoy Road, 254 South McCoy Road, 255 South McCoy Road, 264 South McCoy Road, and 265 South McCoy Road. Orange Grove Apartments offers 6, 2 bed/1 bath units and 72, 2 bed/1.5 bath townhome units. The property features highly desirable amenities including private patios, ample garage parking, and in-unit laundry machines. Current ownership has invested significant capital into improvements at the property to provide a luxury living experience for its residents. 50 of the 78 units have been renovated with high-quality finishes and upgrades including new appliances, plumbing fixtures, flooring, cabinetry, paint, and more. Orange Grove Apartments is situated within walking distance of Chapman Avenue, the bustling thoroughfare that grants residents convenient access to everyday needs. Additionally, the property is within 1 mile of Old Towne Orange, placing residents moments from a plethora of eclectic retail, dining, and entertainment options. Orange Grove Apartments is also located just over 1 mile from the Platinum Triangle, which is home to some of Orange County’s most popular destinations, including Angel Stadium and The Honda Center. The property is also just over 1 mile from The Outlets at Orange, providing residents an easy commute to numerous retail amenities. Furthermore, Orange Grove Apartments benefits from its close proximity to the Interstate 5 and State Route 22 Interchange, connecting residents to employment hubs throughout Orange and Los Angeles Counties. Given the property’s fantastic location and its high-quality upgrades, Orange Grove Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.