An affordable apartment complex for residents 62 and older opened March 20 in Huntington Beach.
Pelican Harbor is a joint project between Jamboree Housing Corp. and USA Properties Fund. Including the land, construction and amenities, it cost $39.2 million, according to Jamboree Housing. The partnership said it used private, federal, state and local funding to complete the complex. Read the community fact sheet here.
The age-qualified community broke ground in summer 2022, and was completed by the end of 2024.
The four-story complex includes 42 one-bedroom apartments surrounding a 4,000-square-foot community space for property management, supportive programs, a computer lab, meeting rooms and common areas. There’s also an outdoor courtyard and a pet park. The building also includes one manager’s unit.
As of last week, all but one of the apartments were rented.
Tenants must earn earn 30%-50% of the area median income.
Residents earning up to 50% of Orange County’s $110,500 AMI ($55,250 annually) qualify for nine tax credit units, which leaves them to pay a maximum of 30% of their annual income toward the rent.
The affordable apartment community Pelican Hill celebrated its grand opening March 20. The complex was built on an L-shaped, 0.78-acre lot close to where Main Street meets Beach Boulevard. (Photo courtesy of Jamboree Housing Corp.)
City officials, residents and the developers of Pelican Harbor cut the ceremonial ribbon March 20 at the affordable housing community for low-income residents age 62 and older. The joint project between Jamboree Housing Corp. and USA Properties Fund, including the land, construction and amenities, cost $39.2 million. (Photo courtesy of Jamboree Housing Corp.)
The age-qualified Pelican Harbor in Huntington Beach officially opened March 20. Residents must be age 62 and older. The community has 33 permanent supportive housing apartments for seniors experiencing homelessness and ine apartments for low-income seniors. (Photo courtesy of Jamboree Housing Corp.)
Pelican Harbor, an affordable apartment complex for residents 62 and older, officially marked its grand opening March 20 in Huntington Beach. The joint project for Jamboree Housing Corp. and USA Properties Fund cost $39.2 million. The four-story complex includes 42 one-bedroom apartments surrounding a 4,000-square-foot community space. (Photo courtesy of Jamboree Housing Corp.)
Show Caption1 of 4The affordable apartment community Pelican Hill celebrated its grand opening March 20. The complex was built on an L-shaped, 0.78-acre lot close to where Main Street meets Beach Boulevard. (Photo courtesy of Jamboree Housing Corp.)
ExpandLower income residents earning up to 30% of the AMI (or $33,150 annually) qualify for 33 tax credits, paying a maximum of 30% of income.
Jamboree Housing said Pelican Harbor is its third affordable complex completed in Surf City, and its second built specifically for older residents. Oakview, which opened in 2007, is home to 19 low-income families, and Emerald Cove, with room for 164 older adults, was acquired and renovated by Jamboree in 2011.
Also see: HUD announces end to funding for emergency housing vouchers
At Pelican Harbor, most of the apartments — 33 of 43 — will be paid for using Project-Based Vouchers from the county through the U.S. Department of Housing and Urban Development.
There’s been a bit of new building in north Orange County for affordable senior apartments.
In Orange, work is ongoing at The Orion, a 166-unit complex in Orange for low-income residents over the age of 55.
USA Properties Fund and Riverside Charitable Corp. are developing the complex at the former Rehabilitation Institute of Southern California at 1800 E. La Veta Ave. Part of the RIO is still functional as the new apartment community sprouts at the corner of S. Tustin St. and La Veta Avenue.
Katella Terrace also debuted recently in Orange at 1249 E. Katella Ave., near the Tuskatella shopping center. The three-story apartment complex with 74 units took the place of a shuttered bank building.
A medical office building in Newport Beach sold March 12 for $5 million. CBRE represented the seller, Equity Enterprises LTD. The brokerage declined to identify the buyer. (Photo courtesy of CBRE)Newport Beach office building sells for $5M
A medical office building in Newport Beach sold March 12 for $5 million.
CBRE represented the seller, Equity Enterprises LTD. The brokerage declined to identify the buyer, only saying it was a “local owner-user.”
The 8,935-square-foot building at 1419 Superior Ave. sits near Hoag Newport Beach and was leased to four tenants at the time of the sale.
“Medical Office demand has continued to perform exceptionally well with the limited inventory and healthcare expansion occurring in Orange County,” said Sammy Cemo at CBRE. “We sourced multiple offers, but ultimately selected an owner-user that benefited from the Hoag proximity …”
This eight-unit apartment complex at 933 S. Roberts St. in Anaheim sold for $2.3 million on March 10. (Photo courtesy of Morgan Skenderian Investment)8-unit complex sells in Anaheim for $2.3M
An eight-unit apartment complex built in 1960 in Anaheim sold for $2.3 million on March 10.
The buyers were identified by Morgan Skenderian Investment Chung-Ming Li and Jen Li. The seller was FC Roberts 8 LLC.
The gated, two-story property at 933 S. Roberts St. is made up of one-bedroom units that face a lush lawn. Two-car garages are adjacent to the units.
CapRock Partners in Newport Beach recently was honored with the “Largest Sponsor Transaction” award by the Inland Empire and Orange County Chapter of the Society of Industrial and Office Realtors. The firm leased CapRock I-15 Logistics, a 1.17 million-square-foot industrial facility in Fontana. Though the firm would not confirm the tenant, the address matches Amazon’s LOC1 distribution facility. (Photo courtesy of CapRock Partners)
CapRock Partners in Newport Beach recently was honored with the “Largest Sponsor Transaction” award by the Inland Empire and Orange County Chapter of the Society of Industrial and Office Realtors. (Photo courtesy of CapRock Partners)
Show Caption1 of 2CapRock Partners in Newport Beach recently was honored with the “Largest Sponsor Transaction” award by the Inland Empire and Orange County Chapter of the Society of Industrial and Office Realtors. The firm leased CapRock I-15 Logistics, a 1.17 million-square-foot industrial facility in Fontana. Though the firm would not confirm the tenant, the address matches Amazon’s LOC1 distribution facility. (Photo courtesy of CapRock Partners)
ExpandMilestones
CapRock Partners in Newport Beach recently was honored with the “Largest Sponsor Transaction” award by the Inland Empire and Orange County Chapter of the Society of Industrial and Office Realtors. The firm leased CapRock I-15 Logistics, a 1.17 million-square-foot industrial facility in Fontana, to Amazon. Though it would not confirm the tenant because of nondisclosure forms, the e-commerce giant identifies its LOC1 hub at the same Fontana address.
The real estate roundup is compiled from news releases and written by Business Editor Samantha Gowen. Submit items and high-resolution photos via email to sgowen@scng.com . Please allow at least a week for publication. All items are subject to editing for clarity and length.
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