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7622 Katella Ave, Stanton, CA 11400 Court St, Stanton, CA
Stanton 2-Property LIHTC Portfolio
Asset ClassMultifamily
# Units439
Land: 6.42 AcresAccess Data Room
LIHTC Portfolio | 439 Apartments in Orange County, CA
overview of deal

Overview

Newmark and Voit Real Estate Services, as exclusive advisors, are pleased to present the opportunity to acquire the Stanton LIHTC Portfolio, two properties totaling 439 apartments, each with considerable upside, located in Stanton, CA. The portfolio is centrally situated in Orange County, just minutes from many of the county’s most important destinations such as Disneyland, UCI’s new $1.3 billion medical center, Cypress College, and the Platinum Triangle in Anaheim. The properties offer significant upside through capturing loss to lease and increasing the number of Section 8 Voucher Tenants. In addition to its value-add potential, each property receives a 100% California Welfare Tax Exemption due to the entirety of the units serving households between the 40 AMI and 60 AMI threshold.

 

A future owner has flexibility to also expand by adding ADUs to under utilized space and/or further enhance the property with additional amenity space. With zero affordable apartment communities under construction in the submarket, barriers to new supply, and exceptional regional connectivity, the Stanton LIHTC Portfolio provides an investor a unique opportunity to gain immediate scale in a premier Orange County submarket with extremely limited competition.

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Investment Highlights

IMMEDIATE UPSIDE AND VALUE ADD

Several avenues exist for an investor to find additional revenue streams such as capturing loss to lease, increasing the number of voucher tenants, and further expanding the rental of mini-storage spaces, parking spaces, and pet fees.

 

100% AFFORDABLE UNITS

Each property receives a 100% California Welfare Tax Exemption.

 

COASTAL ACCESS

Beach Boulevard is a major north-south thoroughfare that ends at the Pacific Coast in Huntington Beach 9 miles to the south.

 

SURROUNDED BY WORLD-CLASS RETAIL AND LIFE-STYLE AMENITIES

The properties location offers seamless access to SoCal's most iconic destinations. Nearby are Knotts Berry Farm, Angel Stadium, and Disneyland Resort as well as popular retail spots such as Outlets Orange, Westminster Mall, and Bella Terra Shopping Mall.

 

HIGHLY VISIBLE LOCATION

Both properties enjoy excellent visibility and accessibility. Park Place features over 150 feet of frontage on Katella Avenue with a daily traffic count exceeding 200,000. Plaza Court includes nearly 300 feet of frontage on Orangewood Avenue.

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7622 Katella AveStanton, CA 90680

Sales Team

Joe LeonVoit Real Estate Services | Senior Vice President(949) 939-9898jleon@voitco.com
Nick IngleVoit Real Estate Services | Vice President(949) 409-5244ningle@voitco.com

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Listing provided by Revere CRE