
Great Republic Lofts
756 South Spring Street, Los Angeles, CA, 90014, US
72 units
JLL, as exclusive advisor, is pleased to present for sale, Sunrise Fountains (the “Property” or
“Sunrise”), a 132- unit, generational value-add multi-housing investment opportunity in
Anaheim, Orange County’s second largest city. Advantageously positioned on the west side
of I-5 just blocks from Disneyland, Sunrise Fountains offers an exceptional location with
seamless connectivity to major Orange County employment hubs and direct access to
Southern California’s world-renowned beaches and premium amenities.
Built in 1989, Sunrise presents over 25% rental upside across the entire property.
In addition to capturing approximately 7.8% in loss-to-lease, new ownership can
execute on an strategic value add strategy, offering a demonstrated ±$375/month/
unit premium by completing renovations to all 132 units (100% of property).
The investment opportunity is further enhanced through various exterior and
community improvements including modernizing the pool deck and furniture,
enhancing BBQ areas and courtyards, upgrade the fitness center, and more.
With today’s cost to replicate garden construction materially north
of $450,000/unit, Sunrise offers an attractive value-add thesis at a
compelling discount to replacement cost. Additionally, the Property is
offered two ways - either with the assumable debt in-place or free &
clear of existing financing. Please see the JLL Document Center for
additional information regarding the assumable financing.