Multi-Housing

Pearl La Floresta

Brea, California United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2018
Building Area
Number of units 204

Property Description

JLL, as exclusive advisor, is pleased to present Pearl La Floresta (the

“Property”), a high-performing, 204-unit, core investment opportunity

located in the affluent La Floresta neighborhood of Brea, California.

Completed in 2018 as a four and five-story wrap, Pearl La Floresta is

recognized as one of the premier Class A multi-housing communities

in Orange County. Pearl La Floresta features ±185,305 square feet of

residential space across a variety of one, two, and three-bedroom

floorplans in addition to select two-story live/work townhomes. Spacious

unit interiors boast home-quality finishes while the resort-style pool and

spa, state-of-the-art fitness center, sky lounge, and covered and assigned

parking highlight a luxurious community amenity package.

Investment Highlights

  • Strong property performance with ±94.6% current occupancy & ±98.0% July-Jan average rental collection rate
  • High-quality construction with stylish unit amenities and desirable community amenities
  • Immediately adjacent to Whole Foods anchored shopping center
  • Desirable Brea location with strong demographics and top tier local education
  • Located in a high-performing rental submarket with limited competition


Last Updated Date: 24 Mar 2021
Sean Deasy
Sean Deasy
Senior Managing Director, Orange County Office Co-Head, Multi-housing Group Leader
License details
CA-00914616
0008004430006
Ryan Fitzpatrick
Ryan Fitzpatrick
Managing Director, Capital Markets
License details
CA-01314070 AZ-BR638745000
0008004430006
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Last Updated Date: 24 Mar 2021

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