{"id":1004124487,"date":"2015-08-03T06:07:35","date_gmt":"2015-08-03T14:07:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=356702"},"modified":"2022-03-03T04:47:20","modified_gmt":"2022-03-03T12:47:20","slug":"low-density-community-expected-to-earn-high-level-returns","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/low-density-community-expected-to-earn-high-level-returns\/","title":{"rendered":"Low-Density Community Expected to Earn High-Level Returns"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

In a $20.9 million deal, a Buena Park residential community has recently been snapped up by an institutional investor. Seller NNC Apartment Ventures<\/a> parted ways with the asset at a per-unit price of $237,000. The transaction was arranged on behalf of both parties by a team consisting of IPA Senior Directors Stewart I. Weston, Alexander Garcia and Christopher Zorbas, as well as Associate Directors David Sperling, and John Montakab.<\/p>\n

Located at 6343 Lincoln Ave. in Buena Park, the property known as Cypress Village offers a total of 88 residential units. Originally developed in 1962, the low-density community has an average of 17.25 units per-acre. Residences at Cypress Village offer an amenity package featuring a swimming pool, clubhouse, fitness facility, laundry facility, storage space, as well as BBQ area. Its placement south of the 91 Fwy. and east of Valley St. on a sprawling lot, allows the opportunity for extensive redevelopment.<\/p>\n

As it stands now, the 50-year-old community consists of 22 single-story buildings. Units here are all two-bedroom\/two-bathroom apartments, with less than half offering direct access to assigned covered parking. IPA representatives commented that \u201cthe Orange County apartment market is projected to be one of the best-performing markets throughout the country during the next few years,\u201d while also highlighting strong market fundamentals and the property\u2019s central location and proximity to employment centers.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Buena Park residential community has recently been snapped up by an institutional investor.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004124487","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"\nLow-Density Community Expected to Earn High-Level Returns - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/low-density-community-expected-to-earn-high-level-returns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low-Density Community Expected to Earn High-Level Returns\" \/>\n<meta property=\"og:description\" content=\"A Buena Park residential community has recently been snapped up by an institutional investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/low-density-community-expected-to-earn-high-level-returns\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-03T14:07:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T12:47:20+00:00\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Low-Density Community Expected to Earn High-Level Returns\",\"datePublished\":\"2015-08-03T14:07:35+00:00\",\"dateModified\":\"2022-03-03T12:47:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/\"},\"wordCount\":227,\"commentCount\":0,\"articleSection\":[\"Los Angeles\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/low-density-community-expected-to-earn-high-level-returns\\\/\",\"name\":\"Low-Density Community Expected to Earn High-Level Returns - 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