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Multifamily

Rosebeach Apartments

La Mirada, CA

174 Units

Built in 1965

Value Add

Investment Highlights

  • Value-Add: offers investors 17% upside in rental income. 65% of the units are Two Bedroom Townhomes. Current ownership has renovated 106 of 174 units (61%)
  • Attractive Market Trends: Rents are projected to grow by 6.82% in the La Mirada submarket over the next 12 months. Over the last 5 years, the average vacancy rate in La Mirada was less than 1.0%.
  • Great Submarket: Median SFR in La Mirada costs $870,000. Cost of a monthly mortgage with taxes and insurance on a median price home exceeds the average in place rent at Rosebeach by $2,794.
  • Across the Street from Orange County: Rosebeach sits on the border of Orange County offering residents immediate accessibility to employment in Buena Park, Fullerton, and Anaheim. Orange County is home to 3.2 million people and boasts the ninth largest GDP in the United States ($280 Billion). The county's economic output is expected to outpace US GDP growth by 1.7x over the coming year.

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