Las Palmas Apartment Homes – Premier Gated Community in Fullerton, CA

Property Overview:

Las Palmas Apartment Homes is a gated residential community situated at 2598 Associated Road, Fullerton, California. Spanning 10.32 acres, this meticulously maintained property comprises 28 buildings with a total of 259 units, offering a mix of 167 one-bedroom, one-bathroom apartments and 92 two-bedroom, two-bathroom residences.

Exceptional Amenities:

Residents enjoy a resort-style lifestyle with top-tier amenities, including:
✔ Swimming pool & spa for relaxation
✔ Modern fitness center with state-of-the-art equipment
✔ Lounge & business center for work and leisure
✔ Gated access ensuring security and privacy

Investment Highlights:

• Operates under a ground lease structure
• Triple net lease (NNN) with rent escalations and a percentage of gross rents

With its prime location, premium amenities, and strong investment potential, Las Palmas Apartment Homes stands as a lucrative real estate opportunity in Fullerton.

UPDATE:

The property operates under a ground lease structure, with Borstein Enterprises
purchased in 2024 leased fee interest. The ground lease is a triple net lease, which
includes rent increases and a percentage of the gross rents collected. The property
was listed at $45 million dollars and represented by Mark Larson & Bob Sattler of Lee & Associates.