Description

JLL, as exclusive advisor, is pleased to present for sale Core, a 400-unit, 2018-vintage mid-rise apartment community located in Anaheim, California. Residents enjoy a resort-caliber amenity package including a zero-edge pool and spa retreat, two-story fitness studio, executive co-working lounge, resident social lounge, and smart community features — all wrapped around a walkable courtyard setting with 717 structured parking spaces.

The Property has demonstrated exceptional operational performance, achieving 96%+ average occupancy YTD and never dipping below 94% over the past 22 consecutive months — a track record that reflects the depth and durability of demand at the asset level. Residents pay just 19% of income on rent, a $1,597/month cushion below the 30% threshold, underpinned by an average household income of $189,000.

Strategically positioned at the convergence of I-5 and SR-57, Core places residents within a 30-minute commute of ±2.5 million jobs and minutes from the Platinum Triangle’s marquee sports, entertainment, and employment destinations — including the Honda Center, Angel Stadium, and the $4B OC Vibe mixed-use redevelopment breaking ground adjacent to the Property. With Anaheim multifamily occupancy projected to hold at 95.1% through 2031 and rent growth averaging 3.60% from 2028–2030, Core offers investors a durable income stream with compelling forward momentum.

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Attributes

Units

400

Occupancy

95%

Year built

2018

Rentable area

363,399 sf

Media

Investment highlights

Market Leading Execution: MHN Silver Award Winner for New Development & Design
Orange County Outperforms: 2nd Lowest Multi-Housing Vacancy Rate Among the Nation's Largest 50 Markets
Historically Sound Operations: 96% YTD Avg Occupancy, 94%+ Occupancy for 22+ Consecutive Months
Durable Growth: 19% RTI Ratio, $1,597/Month Cushion Below the 30% Threshold
Cost Advantage to Homeownership: CORE Represents a 60% Discount to Homeownership in Anaheim
Attractive Demographic Fundamentals: $131K Avg. Household Income, 52% Above National Average
Centrally Located within Orange County Ecosystem: 2.5M Jobs within a 30-Minute Commute
Medical Bullseye Location: Proximity to 30,000 Healthcare Jobs – OC’s #1 Sector for Job Growth
Anaheim On The Rise: OC Vibe Project within Platinum Triable Will Have $2B In Economic Impact, Creating 10K Jobs
Irreplaceable Product at a Discount to Replacement Cost: With today's cost to replicate wrap construction exceeding $500,000/unit and podium construction surpassing $600,000/unit, CORE represents a rare opportunity to acquire a best-in-class asset well below what it would cost to build today.