Bradford Terrace Senior Apartments Listing Details & Market Data

Placentia is a city in northern Orange County, California. Its population was 51,233 during the 2020 census. In 1971, Placentia was honored with the prestigious "All America City" award, given out annually by the National Civic League to 10 cities in the United States. According to the United States Census Bureau, the city has a total area of 6.6 square miles. State Route 57 (the Orange Freeway) runs through the southwest section of Placentia and State Route 91 (the Riverside Freeway) passes directly south of the city. Placentia has a $35 million Metrolink project that commenced in 2013 and was approved in 2016. This project is in conjunction with the Orange County Transit Authority (OCTA), and will assist in the continued revitalization of the area, which is also scheduled for the building of more transit-oriented housing to complement the train station, mixed use, retail, and entertainment. Once constructed, this will be the 13th station serving the 91 lines, which will run from Los Angeles Union Station to downtown Riverside. The Placentia Metrolink station will be the closest station in proximity to Cal State Fullerton and will provide passengers with an alternative to the Fullerton Metrolink station. All are designed to enhance Placentia's unique presence in Orange County. Some of the top employers in the city of Placentia include the Placentia-Yorba Linda Unified School District, Placentia-Linda Hospital, Hartwell, Premedia and the City of PlacentiaMorgan Skenderian is pleased to present the Bradford Terrace Senior Apartments, a 176-unit, active adult senior apartment building (for the 55+ community) in the city of Placentia. Built in 2002 and situated on over 3 acres of land, the property is comprised of one- and two-bedroom floor plans. Property amenities include gated access, a swimming pool, a spa, laundry facilities, library, fitness center, clubhouse, game room, and picnic area. Units are newly renovated and amenities include kitchen appliances, plank flooring, carpeting, ceiling fans, and a private patio or balcony. Driven by an aging population and through the continued modernization of the remaining units and increases on current rent levels that are projected to be nearly 34% below market, the Bradford Terrace Senior Apartments is a stand-out for a long-term hold strategy with phenomenal growth potential and exceptional future cash-on-cash returns. Ideally located in the city of Placentia and given its close proximity to Brea, Yorba Linda and Fullerton, residents have access to an endless amount of dining, shopping, and entertainment options. Additionally, the property is located roughly 1.50 miles from the future Placentia Metrolink Station and roughly 3 miles from where State Route 57 (the Orange Freeway) and State Route 91 (the Riverside Freeway) meet, allowing for ease of access to regional employment hubs in Los Angeles, Orange, and Riverside Counties.