{"id":1004209661,"date":"2018-03-08T09:54:22","date_gmt":"2018-03-08T17:54:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209661"},"modified":"2022-12-08T15:07:33","modified_gmt":"2022-12-08T23:07:33","slug":"socal-community-reopens-following-10m-renovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/socal-community-reopens-following-10m-renovation\/","title":{"rendered":"SoCal Community Reopens Following $10M Renovation"},"content":{"rendered":"

By Jeff Hamann<\/p>\n

\"Reserve<\/a>

Reserve at Chino Hills – Pool Deck<\/p><\/div>\n

Decron Properties Corp.<\/a> has reopened Reserve at Chino Hills, a 440-unit multifamily asset in Chino Hills, Calif., following $10 million in renovations. The owner acquired the property\u2014formerly known as Village Crossing\u2014from Invesco Real Estate in July of 2014 for $82.3 million, according to Yardi Matrix. Decron began work to reposition the\u00a0Los Angeles-area\u00a0multifamily asset\u00a0immediately following the closing of the sale.\u00a0<\/p>\n

Located at 4200 Village Drive, the community\u2019s 32 buildings are situated within one mile of Chino Valley Freeway, enabling access throughout the region. Previously marketed as Village Crossing, the property was constructed in 1987 and features studio, one- and two-bedroom units, ranging in size from 501 to 917 square feet.\u00a0Rental rates are between $1,495 and $2,000 per month.<\/p>\n

A repositioned, reinvented community<\/h2>\n
\"Reserve<\/a>

Reserve at Chino Hills – Clubhouse<\/p><\/div>\n

In addition to renovating kitchens, updating flooring and adding in-unit washers and dryers, the owner invested in upgrading the community\u2019s common areas. The property\u2019s three swimming pools now include fire pits, new lounge furniture and barbecue grills. Decron also constructed a two-story clubhouse, which features a 1,500-square-foot fitness center and a 1,000-square-foot clubroom with Wi-Fi, a video game room and a children\u2019s play area.<\/p>\n

\u201cMost rental housing in Los Angeles is either too expensive or too old and lacking the amenities today\u2019s renters want,\u201d<\/em>\u00a0said David Nagel, CEO of Decron, in a prepared statement.\u00a0\u201cWe took the best of what the property had to offer and enhanced it to create an affordable luxury living environment that is within the reach of most working families in Los Angeles. The result is an apartment community with a resort feel that our residents can be proud to call home.\u201d<\/em><\/p>\n

Images courtesy of Decron Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Decron Properties’ Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.<\/p>\n","protected":false},"author":861,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,1594,21742,15],"tags":[34222,34220],"class_list":["post-1004209661","post","type-post","status-publish","format-standard","hentry","category-development","category-investment","category-los-angeles","category-latest","category-west","tag-david-nagel","tag-decron-properties-corporation"],"acf":[],"yoast_head":"\nSoCal Community Reopens Following $10M Renovation - 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\/socal-community-reopens-following-10m-renovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SoCal Community Reopens Following $10M Renovation\" \/>\n<meta property=\"og:description\" content=\"Decron Properties' Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/socal-community-reopens-following-10m-renovation\/\" \/>\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=\"2018-03-08T17:54:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:07:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/Reserve-at-Chino-Hills-Pool-Deck.jpg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\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\\\/socal-community-reopens-following-10m-renovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/socal-community-reopens-following-10m-renovation\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"SoCal Community Reopens Following $10M Renovation\",\"datePublished\":\"2018-03-08T17:54:22+00:00\",\"dateModified\":\"2022-12-08T23:07:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/socal-community-reopens-following-10m-renovation\\\/\"},\"wordCount\":307,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/socal-community-reopens-following-10m-renovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/Reserve-at-Chino-Hills-Pool-Deck.jpg\",\"keywords\":[\"David Nagel\",\"Decron Properties Corporation\"],\"articleSection\":[\"Development\",\"Investment\",\"Los Angeles\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/socal-community-reopens-following-10m-renovation\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/socal-community-reopens-following-10m-renovation\\\/\",\"name\":\"SoCal Community Reopens Following $10M Renovation - 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