Chris Keramati of Triqor Group has sold 29 units in the city of La Habra at 434 N. Bedford St. and 451-485 N. Bedford St. for a combined closing price of $5,350,000. The properties lie adjacent from one another creating an excellent investment choice with approximately 15% upside in market rents and offering a good mix of spacious one and two bedroom units.
The Bedford Apartment Portfolio conveniently sits just minutes from Brea’s downtown and Cal State University Fullerton, attracting young adult tenants. Each community offers their residents a variety of amenities including ample garage and carport parking, laundry facilities, sparkling pools and secure gated entries. A private investor of Orange County purchased the two properties together, realizing the opportunity to reposition the buildings by stabilizing rents and increasing the cap rate to over 5.5%. The Bedford Apartment Portfolio is indeed a great investment for years to come.