Find Multi-family Home and Property Listings in Orange County, CA
Orange County has an affluent population of 3,010,23 and is The third most populous county in the United States, second only to Los Angeles and San Diego County. Investing in Orange County is an excellent choice for multifamily residential income property owners. The overall economy is improving and decreasing unemployment rates are excellent for rising rental rates. Orange County’s great climate, family fun attractions like Disneyland and Knott’s Berry Farm, several beaches and more than 40 miles of coastline makes Orange county cities a popular vacation destination. Additionally if you convert your apartment into a vacation rental, you will create short term rentals that you will yield you higher rental rates.
Orange County is known for its political conservatism. A 2005 academic study listed three Orange County cities as being among America’s 25 “most conservative.” The city of Santa Ana is the county seat and is a part of Orange County’s 947.98 square miles. You may receive higher rents for multi-unit residential investment properties near the coast, however in general the asking purchase prices are higher.
Where most population centers tend to be identified by a major city, there is no defined urban center in Orange County. It is mostly suburban except for some traditionally urban areas at the centers of the older cities of Anaheim, Fullerton, Huntington Beach, Orange, and Santa Ana. There are several edge city-style developments such as Irvine Business Center, Newport Center, and South Coast Metro. Residents sometimes figuratively divide the county into “North Orange County” and “South County”. This is more of a cultural and demographic distinction perpetuated by the popular television shows “The OC”, “The Real Housewives of Orange County” and “Laguna Beach”, between the older areas closer to Los Angeles, and the more affluent and recently developed areas to the South and East.
Orange County is famous for its tourism and is the headquarters of several Fortune 500 and Fortune 1000 headquarters for Ingram Micro, Broadcam, Western Digital, Edwards Lifesciences, Standard Pacific, Quiksilver and Apria Healthcare. Notable technology companies are there like Gateway, Toshiba and Linksys. It is also an automotive, fast food & casual dining center containing the headquarters of Mercedes-Benz, Mazda, Toyota, Samsung, Kia Motors, Hyundai, Del Taco, Taco Bell, El Pollo Loco, In-N-Out Burger, Claim Jumper, Marie Callender’s, and Wienerschnitzel. Perfectly positioning you as an owner serving these industries, fewer and fewer apartment buildings are being built in California. Several are being torn down to build big mega mansions, driving up demand and creating higher rental rates.
Moreover, there are great tax benefits to owning income producing real estate. A property manager can help you control owner/ landlord expenses and if necessary guide you through the tricky Section 8 and eviction process. We have many duplexes, triplexes, fourplexes, and commercial apartment buildings without rent control, with on site parking, laundry and separately metered utilities.
Invest with us and request more information about the historical CAP Rates for your preferred Orange county cities and ask about the GRM (Gross Rent Multiplier), Net Operating Income and Gross Operating Income for specific listings.
Information gathered from Wikipedia and www.propertymetrics.com
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You might be interested in looking in one of these Orange County cities: Anaheim – Brea – Buena Park – Corona Del Mar – Costa Mesa – Dana Point – Fountain Valley – Fullerton – Garden Grove – Huntington Beach – La Habra – Laguna Beach – Los Alamitos – Newport Beach – Orange – San Clemente – Santa Ana – Seal Beach – Sunset Beach – Tustin