(Broker-Friendly Marketing Package Attached) 1819 E Grove Avenue is a nicely renovated four-unit multifamily property located near the Downtown area in Orange, California. The asset offers 100% two-bedroom / one-bathroom units. The property is well maintained and has beautifully landscaped grounds with flowers, plants and cleancut grass. There is also ample garage and open lot parking available for tenants, which is a nice amenity in the densely populated city. Each unit also has washer & dryer hookups. The unit amenities are comprised of new cabinets, countertops, vanities, and flooring. Each unit is individually metered for gas & electricity and there is no owner gas or electric bill. New asphalt, windows, and exterior paint were completed in 2018.
This property is in a good central City of Orange location right near major retail (including The Orange Mall) and employment opportunities. The property is conveniently located less than a mile from the CA-91 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city. Given the strength of the overall apartment market within the city of Orange, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1819 E Grove Avenue.
