Jefferson Cenza

JLL, as exclusive advisor, is pleased to present for sale Jefferson Cenza (the “Property” or “Cenza”), a newly constructed, 100% market rate, 418-unit luxury apartment community located in Placentia. Strategically positioned in central Orange County with immediate access to Highway 57, Cenza offers direct connectivity to Southern California’s premier employment centers, top-tier educational institutions, and lifestyle amenities.

Completed in 2023, the Property features an exceptional amenity package designed to meet the elevated lifestyle expectations of the area’s affluent renter pool. Resort-style outdoor spaces include a cabana-lined pool with Baja shelf and an expansive rooftop deck with indoor-outdoor lounge areas. Supporting modern living and work-from-home trends, Cenza provides coworking spaces, an ultramodern fitness studio, electric vehicle charging stations, on-site retail, and premium pet amenities including a dedicated dog spa. This comprehensive amenity offering redefines luxury living while driving resident satisfaction and retention.

Cenza’s central Southern California location at the nexus of Orange County, Los Angeles, and the Inland Empire offers unparalleled connectivity to major Southern California employment centers and ±4.6M jobs within a 45-minute commute. These draws contribute to the affluent and stable tenant base which is reflected in the Property’s average household income of $141k representing a ±23% rent-to-income ratio to in-place rents at the property and could grow by ±29% while still maintaining a healthy income to rent ratio (30% of monthly gross rent).

As a newly delivered 418-unit community, Cenza represents a rare opportunity to acquire institutional-quality new construction at a below-market basis at a significant discount to today’s replacement cost in one of the nation’s top performing multifamily markets where assets of this scale rarely trade.