Lifestyle Residences for modern living.
Active listings in Chapman Commons, Harbor Lofts, The Domain, and Stadium Lofts:
Just half a mile away from the 5 freeway, Culver Plaza is home to numerous stores and restaurants. It’s not as popular to UCI students compared to other plazas in Irvine since it’s a bit of a drive to get there from campus and transportation is a struggle for most students, but it’s still nonetheless a great place to shop, eat, and hang out with friends. All That Barbecue is a Korean barbecue spot my friends and I enjoy going to from time-to-time because they have a great selection of meats and a pretty good lunch special if you can get there on time.
Just next door is a great place to shop for groceries and Asian foods — 99 Ranch Market. In the image above, you can see customers lining up outside of the store waiting to enter while maintaining a 6-foot space between themselves and the next person over. The wait didn’t appear to be that long since everyone in the photo was able to make it in by the time I left, but it’s still good to see social distancing rules are still being enforced.
In the same plaza you can find a McDonald’s, which is the perfect spot to satisfy the late night cravings. And if you’re not in the mood for that there’s a Panda Express, KFC, Pokéworks, and more! There’s a wide variety for you to choose from so you’re guaranteed to be satisfied!
Modern Residences in Irvine: Avenue One, Central Park West, The Plaza, Marquee, and Watermarke
For those who own investment properties within Chapman Commons, The Domain, Harbor Lofts, and Stadium Lofts within the Anaheim Platinum Triangle and Anaheim Downtown Area, you’ll need to be aware of the entire rental market outside of your building. Many prospective tenants will cross-shop your building with nearby new luxury apartment buildings that offer generous amenities.
Published prices from websites on 5/4/2020:
Jefferson Platinum Triangle – 1 BD/ 1 BA, 724 SQ FT – $2,100; 2 BD / 2 BA, 1,062 SQ FT – $2,242; 2 BD + DEN / 2 BA, 1,275 SQ FT – $2,789
1818 Platinum Triangle – 1 BD / 1 BA, 890 SQ FT – $1,947
Parallel – 1 BD / 1 BA, 735 SQ FT – $1,975
Core – Studio 1 BA, 604 SQ FT – $1,914; 1 BD / 1 BA, 728 SQ FT – $2,216; 2 BD / 2 BA, 1,081 SQ FT – $2,622
Stadium House – 1 BD / 2 BA, 991 SQ FT – $2,308; 2 BD / 2 BA, 1,415 SQ FT – $2997
Something to keep in mind when reviewing rental comps: Many of the above apartments offer move-in incentives due to low occupancy. Concessions such as 1st month free, no deposit, and other discounts.
Rental Activity – Chapman Commons, Garden Grove
ACTIVE – 2 BD / 2 BA, 1,117 SQ FT $2,250
LEASED – 2 BD / 2 BA, 1,060 SQ FT $2,100
LEASED – 2 BD 2 / BA, 1,120 SQ FT $2,400
ACTIVE – 3 BD / 2 BA 1,336 SQ FT $2,900
ACTIVE – 2 BD / 2 BA 1,547 SQ FT $2,500
LEASED – WORK/LIVE 1 BD / 1 BA 1,760 SQ FT – $2,600
ACTIVE – 1 BD / 1 BA 705 SQ FT $1,750
LEASED – 2 BD / 2 BA 1,095 SQ FT $2,195
LEASED – 2 BD / 2 BA 1,100 SQ FT $2,300
LEASED 2 BD / 2 BA 1,095 SQ FT $2,325
The last 30 days within the COVID-19 impacted market continues to have significantly lower pending sales than normal. Central Park West leads in active inventory with 20 homes on the market. Last month, the numbers were very similar.
