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Orange County Multifamily Investment Opportunity

315 & 343 S Bedford Rd, Orange, CA 92868

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For Sale

$17,500,000

Two contiguous 27-unit properties near MainPlace Mall redevelopment.

Type:Multifamily

HighLights

Prime Orange County location near MainPlace Mall redevelopment, CHOC Children’s Hospital, and Provident Saint Joseph Hospital.
Significant value‑add upside potential due to below‑market rents.
Strong renter demand driven by the high cost of homeownership in Orange County.
Proven historical rent growth with continued increases forecast.
Excellent access to retail, entertainment, and freeway connectivity.
Compelling investment opportunity in a supply‑constrained housing market.

We can help!

Listing Contact

Joseph R. Berkson

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For Sale

$17,500,000

Two contiguous 27-unit properties near MainPlace Mall redevelopment.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 80
Last Refresh:: Apr 3 at 5:04 am

Property Features for 315 & 343 S Bedford Rd

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Joseph R. Berkson

Listing agent Joseph R. Berkson License #CA: 01031951

Listing office Orange County Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Orange County Office

HighLights

Prime Orange County location near MainPlace Mall redevelopment, CHOC Children’s Hospital, and Provident Saint Joseph Hospital.
Significant value‑add upside potential due to below‑market rents.
Strong renter demand driven by the high cost of homeownership in Orange County.
Proven historical rent growth with continued increases forecast.
Excellent access to retail, entertainment, and freeway connectivity.
Compelling investment opportunity in a supply‑constrained housing market.

Overview

Bel Air and El Commodor are two contiguous, 27-unit properties situated on two separate parcels in Orange County, California. The buildings are located just half a mile from the multi-phase redevelopment of MainPlace Mall and within walking distance of CHOC Children’s Hospital and Provident Saint Joseph Hospital. The location provides access to healthcare employment hubs, retail, entertainment, and freeway connectivity to job centers across Orange and Los Angeles Counties. The properties offer significant value-add upside with below-market rents and are positioned for rental growth. The cost differential between renting and owning in Orange County supports renter demand, especially among workforce households. Historical rent growth in Orange County has been strong and resilient, with continued increases forecast. Bel Air and El Commodor offer an opportunity for both short and long-term value-add investors in a supply-constrained housing market amid rising replacement costs for new multifamily development and growing demand for rental housing.

Location Intelligence

Current Use by Public Records

Bel-Air Apartments Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Orange
County: Orange
State: California
Longitude: -117.8693238
Latitude: 33.7836834

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For sale
Apartment buildings
CA
Orange
92868
315 & 343 S Bedford Rd

What type of property is this?

Apartment building - Two contiguous 27-unit properties near MainPlace Mall redevelopment.

Where is this apartment building located?

The property is located at 315 & 343 S Bedford Rd Orange, CA.

What is the asking price?

The asking price for this property is $17,500,000.

What are key features of this property?

This property features: Prime Orange County location near MainPlace Mall redevelopment, CHOC Children’s Hospital, and Provident Saint Joseph Hospital.; Significant value‑add upside potential due to below‑market rents.; Strong renter demand driven by the high cost of homeownership in Orange County.

315 & 343 S Bedford Rd, Orange, CA 92868

Two contiguous 27-unit properties near MainPlace Mall redevelopment.

Property Features for 315 & 343 S Bedford Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Triplex with Tenant Occupancy

Charming Triplex Near Chapman University

Well-Maintained Quadplex with Garage Parking

Well-Maintained Quadplex with Garages

Income-Generating Triplex Near Freeways

Spacious Duplex in Orange, CA

Two-Home Residential Income Property

Historic Spanish Office Bungalow

Remodeled Two-On-A-Lot Duplex

Versatile Home Near Chapman University

Medical/Professional Office Building in Old Towne

Single-Story Triplex with Garages

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