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Orange Grove Apartments 205 S McCoy Rd 78 Unit Apartment Building For Sale Orange, CA 92868
Investment Highlights
- Renovated Units Feature Premium Finishes, Flooring, And Modern Fixtures
- Located Minutes From I-5 And SR-22, Offering Excellent Regional Access
- Assumable Fannie Mae Financing At 5.25% Through August 2030 Adds Value
- Garage Parking And Private Patios Differentiate The Community Experience
- Strong Demand Driven By Proximity To Chapman University And Employment Hubs
- Walking Distance To Retail, Dining, And Entertainment Venues
Executive Summary
Orange Grove Apartments is an exceptional 78-unit multifamily investment opportunity located in the heart of Orange, California—one of Southern California’s most supply-constrained markets. This institutional-quality asset features a highly desirable unit mix of 100% two-bedroom layouts, 92% configured as townhomes with private patios and garage parking. Recent renovations across 64 units include modern finishes, new appliances, updated flooring, and in-unit washer/dryer combos, providing durability and tenant appeal. Fourteen remaining classic units offer a clear value-add path with minimal risk and proven renovation program already in place. Strategically positioned near major retail, employment cores, and entertainment destinations, the property is just minutes from I-5 and SR-22, delivering exceptional connectivity throughout Orange County. In-place assumable Fannie Mae financing at below-market rates further enhances investment returns, making Orange Grove Apartments a rare opportunity combining income stability, renovation upside, and long-term appreciation in a thriving Orange County market.
Property Facts
| Sale Type | Investment | Lot Size | 2.52 AC |
| No. Units | 78 | Building Size | 73,920 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Apartment Style | Garden | Parking Ratio | 0.91/1,000 SF |
| Building Class | C | ||
| Zoning | R-1-6 - Multi Family Dwelling | ||
| Sale Type | Investment |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 73,920 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | R-1-6 - Multi Family Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Picnic Area
- Property Manager on Site
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 898 |
| 2+1.5 | 72 | - | 883 |
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Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,017,587 | |
| Land Assessment | $27,582,407 | Total Assessment | $30,599,994 |
Property Taxes
Parcel Numbers
Land Assessment
$27,582,407
Improvements Assessment
$3,017,587
Total Assessment
$30,599,994
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