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anguard University, Costa Mesa – The university is selling its 2‑acre off‑campus housing complex, Vanguard Centre, at 115 Santa Isabel Ave on the city’s east side. The property operates under a conditional use permit for student housing; a new owner must file a new use application. Brokerages note that California’s Density Bonus Agreement could allow a developer to add 14 extra units if 20 % are set aside as affordable, raising the total to 54 apartments. Vanguard plans to vacate the site by June 2026.
San Clemente – A six‑unit ocean‑view complex at 230 Avenida Montalvo sold for $2.7 million ($445,833 per unit) on Nov 19. The seller was a family trust; the buyer is an LLC. The property sits in a Short‑Term Rental Zone and is within walking distance of San Clemente State Beach, Califia Park and Bluff Trail. New owners must apply for short‑term rental status. The units are two‑bedroom, two‑bath, with washer‑dryer hookups, balconies, carports, and recent upgrades (new roofs, electrical, plumbing, windows, siding, insulation). Morgan Skenderian estimates a 45 % rent increase under a short‑term model.
Huntington Beach – A three‑unit townhouse complex at 17108 Sims Lane sold for $2.02 million ($673,333 per unit) on Nov 18. Buyers William Castelblanco and Garrett Pore purchased from seller Mark Yang. Built in 1981, the units feature two bedrooms plus a loft, two‑half baths, direct access to two‑car garages, and average 1,466 sq ft. They have remained under the same ownership for at least 30 years. The closing included two vacant units; features include washer‑dryer hookups, fireplaces, and patios.
Soardist USA Inc. – The Chicago‑based trade‑show display manufacturer signed a seven‑year lease for a 30,000‑sq‑ft warehouse at 7089‑7091 Belgrave Ave, Garden Grove, valued at $3.3 million. The landlord is BPP Pacific Industrial CA REIT Owner 2 LLC (Irvine). Soardist, represented by Lee & Associates Dallas/Fort Worth, will occupy the space on Dec 1. The facility will house large‑format printing equipment for custom canopy tents, flags, apparel and table covers.
USC vs. UCLA NAIOP SoCal Challenge – The USC Lusk Center team earned the Silver Shovel at the 28th annual contest on Nov 20. Their proposal, Rosemead Crossing, targets a 2.85‑acre parcel in Pico Rivera owned by Optimus Property Group, located along Washington Blvd. The plan envisions a mixed‑use community with townhomes, multifamily units (including affordable housing), and grocery‑anchored retail, aligning with city transit‑oriented redevelopment goals. UCLA’s Proxima proposal featured 230 affordable apartments, retail, parks and public spaces. The contest, now tied 14‑14, was chaired by Brett Dedeaux (Dedeaux Properties) and Mary Ricks (Kennedy Wilson).
