232-Unit Multifamily Community Marks Largest Orange County Apartment Sale This Year
Bentley Parke Apartments, a 232-unit apartment community located at 3200 W. 5th St. in Santa Ana, California, has sold for $65,200,000, equating to $281,034 per unit. Listed at $65.7 million and sold for $65.2 million, the property closed within approximately 0.7% of the list price. The transaction represents the largest multifamily sale in Orange County this year and underscores continued demand for well-located Santa Ana apartment communities. Chris Keramati of Triqor Group represented both the buyer and seller in the transaction.
Built in 1987 by the selling group, this is the first time the property has ever been sold. The property is situated on over 10 acres and consists of 40 one-bedroom, one-bath units and 192 two-bedroom, two-bath units. The gated community features a pool and jacuzzi area, playground area, large manager’s office, three on-site laundry facilities, and a total of 496 parking spaces. Additional property features include copper plumbing, individual gas and electric meters, central heating and air conditioning, gas cooking, fireplaces, dishwashers, and individual balconies and patios.
The transaction stands out within the Southern California multifamily market due to both its scale and market significance. As one of Orange County’s largest apartment transactions this year, the sale reflects continued investor demand for institutional-quality apartment communities in high-barrier submarkets. The property’s large unit count, extensive amenity package, and established operational footprint positioned it as a highly competitive offering within the region.
For apartment owners and investors evaluating a multifamily broker in Orange County, the Bentley Parke sale highlights the importance of strategic pricing, targeted investor outreach, and experienced closing execution in a competitive market. The sale further underscores the depth of capital targeting Orange County multifamily assets, where larger communities with strong long- term fundamentals continue to command significant investor interest.
The Keramati Team has closed approximately $300 million in multifamily investment property sales in 2026 and continues to lead the Southern California market in overall deal volume. The closing of Bentley Parke Apartments adds to Chris Keramati’s year-to-date activity and reinforces his position as the top apartment broker in Orange County and Southern California.
