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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$9,900,000

Est. payment - /mo

0.75 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Nearby Choc Hospital

MLS Listing ID OC26230906

HOA Y/N No

Year Built 1961

Lot Size 0.750 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present the El Commodor Apartments located at 343 S. Bedford Road, a 27-unit multifamily investment opportunity located Next to Choc Hospital in Orange. Built in 1961, the property is a two-story, garden-style community totaling approximately 19,577 rentable square feet on a ±0.76-acre lot. The desirable unit mix includes 12 one-bedroom / one-bathroom units, three two-bedroom / one-bathroom units, and 12 two-bedroom / 1.5-bathroom units. Two-bedroom floor plans make up 56% of the community. A landscaped interior courtyard provides strong curb appeal and a pride-of-ownership feel that is increasingly rare in vintage Orange County product.

Each unit includes a dedicated one-car garage, with additional open parking on site. Units feature gas kitchen appliances, dishwashers, ceiling fans, gas wall heating, and wall air conditioning. Eight of the two-bedroom / 1.5-bath units have been upgraded with new counters, appliances, flooring, and lighting, giving the next owner a proven interior finish to replicate across the remaining units. Gas and electric are separately metered and paid by tenants, which limits owner utility exposure. Additional features include landlord-owned laundry facilities, courtyard barbecues and seating areas, and a pitched composition shingle roof.

The property is located in a central Orange neighborhood, roughly one-half mile from the reported $500 million MainPlace Mall redevelopment, which is transforming more than 100 acres into a mixed-use destination of retail, dining, entertainment, and residential uses. CHOC Children's Hospital, a major regional employment anchor, is also nearby, along with Orange Town & Country Center, CityPlace retail, Santiago Park, and the Discovery Cube. Old Towne Orange and Chapman University are a short drive away, and Angel Stadium is easily reached. Immediate access to the I-5, SR-22, and SR-57 Freeways provides excellent regional connectivity to employment centers throughout Orange and Los Angeles Counties. With its strong location fundamentals, attractive unit mix, and long-term rental demand, 343 S. Bedford Road represents a compelling investment opportunity in one of Southern California's most desirable multifamily markets.

Location

State CA

County Orange

Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F

Interior

Interior Features Ceiling Fan(s), Quartz Counters

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood, Water Heater

Laundry Common Area

Exterior

Parking Features Assigned, Garage

Garage Spaces 27.0

Garage Description 27.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Shingle

Total Parking Spaces 34

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 39027402

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Mark Bridge Mark Bridge, Broker Mark.Bridge@matthews.com, DRE #01316702

NEARBY SCHOOL & BUSINESS

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343 S Bedford RD Orange, CA 92868