Sold

1522 W Almond Avenue

Orange CA, 92868

$30,000,000


$405.84 per sqft

Sold

73,920 sqft

Condo

Built in 1957

Listed by Tyler Leeson with Marcus & Millichap RE Invest 949-419-3200

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.

OC23099544

MLS ID

June 6, 2023

Listed

March 23, 2024

Updated

Map

1522 W Almond Avenue
Orange CA, 92868

Interior Features

Total Stories

2


Appliances

Dryer, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.53 Acres


Lot Features

Landscaped, Street Level


Sewer

Public Sewer

Other Property Details

Area Name

OTO - Old Towne Orange


Days on Market

63


Garage

No


Parking Total

0


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

9/29/2023

Price Change

$30,000,000

-10%

9/29/2023

Sold

$30,000,000

8/19/2023

Pending

8/9/2023

Under Contract

Listing Contact: 949-419-3200 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:25 AM UTC

 

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