Income-Restricted Studio Apartment
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7039 Orangethorpe Avenue, Buena Park, CA 90621
Vacant property converting from a legacy motel into a 104-unit, income-restricted studio apartment community.
Property SizeContact for details
Days on Market124
Property Features for 7039 Orangethorpe Avenue
General Information
Standard status
Active
Class
A
Total Parking Spaces
78
Property subtype
Multifamily, Hospitality
Zoning
Commercial General (CG) with Housing Incentive Overlay (HIO)
Investment Type
Value Add
Building Details
Year Built
1968
Buildings
3
Stories
2
Units
104
Listing Agency:
Rad Commercial Realty
Listed By:
Majid Radaei, MBA CRE Broker(Hotel, Multi Family) · License #02126758
Source:
Crexi
Added: Jul 4
Changed: Oct 26
Last Checked: Nov 3 at 6:17AM
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 Rad Commercial Realty
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Investment Insights
Based on property information with market context.
Horizon Studios is the adaptive reuse of a legacy 101-room motel into a 104-unit studio apartment community. The project is designed as income-restricted housing and is currently vacant while it undergoes its conversion scope of work.
The property is located within the City’s Hotel/Motel Conversion (HMC) Overlay and Housing Incentive Overlay (HIO) zones, which are intended to convert underutilized motel stock into permanent affordable housing. Full offering materials are available through the data room link provided in the remarks.
The property is located within the City’s Hotel/Motel Conversion (HMC) Overlay and Housing Incentive Overlay (HIO) zones, which are intended to convert underutilized motel stock into permanent affordable housing. Full offering materials are available through the data room link provided in the remarks.
Key Highlights
- Adaptive reuse of a legacy 101‑room motel into a 104‑unit income‑restricted studio apartment community
- Year built: 1968
- Located within the City of Buena Park Hotel/Motel Conversion (HMC) Overlay and Housing Incentive Overlay (HIO) zones
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
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Business Placement
Demographics for 90621, CA
36,972
Population
11,244
Households
3.3
Avg Household Size
36
Median Age
32%
College-Educated
84%
High-School Grad
4.2 sq mi
ZIP Area
8,803
Density / Sq Mi
$94,679
Median Household Income
$43,063
Median Earnings
$2,061
Median Rent
$734,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant property converting from a legacy motel into a 104-unit, income-restricted studio apartment community.
Where is this apartment building located?
The property is located at 7039 Orangethorpe Avenue Buena Park, CA.
What are key features of this property?
This property features: Adaptive reuse of a legacy 101‑room motel into a 104‑unit income‑restricted studio apartment community; Year built: 1968; Located within the City of Buena Park Hotel/Motel Conversion (HMC) Overlay and Housing Incentive Overlay (HIO) zones
