Orange County, California, hosts a variety of well-known colleges and universities, offering distinct real estate investment opportunities, especially in student housing and multifamily properties. The ongoing need for student accommodations near these campuses makes the nearby areas appealing to investors looking for reliable returns.

Notable Colleges and Universities in Orange County:

University of California, Irvine (UCI)

Location: Irvine, CA

Student Population: Approximately 36,000

Summary: UCI is a prestigious research institution recognized for its rigorous academic programs and dynamic campus culture.

California State University, Fullerton (CSUF)

Location: Fullerton, CA

Student Population: Around 40,000

Summary: CSUF provides a broad selection of undergraduate and graduate programs and is known for its diverse and inclusive student community.

Chapman University

Location: Orange, CA

Student Population: Approximately 9,000

Summary: This private university is renowned for its excellence in fields such as film, business, and law.

Orange Coast College (OCC)

Location: Costa Mesa, CA

Student Population: About 20,000

Summary: OCC is a community college offering a wide array of associate degrees and professional certificates.

Opportunities in Student Housing and Multifamily Investments:

Real estate near these educational institutions offers profitable potential due to the consistent need for student accommodations. Apartments, townhomes, and shared housing are especially desirable for students looking to live close to campus.

University of California, Irvine (UCI)

Rental Market: Apartments near UCI typically rent for around $3,962 per month, which exceeds the national average.

Investment Advantage: The high demand for housing driven by UCI’s substantial student body makes the nearby area an attractive option for real estate investors.

Orange Coast College (OCC):

Rental Market: Shared bedrooms in private residences near Orange Coast College (OCC) can be found for as little as $600 per month, while the cost of apartments or townhouses typically falls between $1,500 and $2,500 per month.

Investment Opportunity: The relatively affordable property prices around OCC provide a chance for investors to target students seeking cost-effective housing options.

Orange County's Student Housing Market

Fullerton Student Housing Development: A student housing community near California State University, Fullerton, featuring 100 units and 346 beds, was purchased for $44.4 million and rebranded as University Village Fullerton.

Luxury Student Housing at UCI: Hensel Phelps, a construction firm, was chosen to develop a new student housing project for first-year students at UCI. The project includes three five-story residence halls spanning a total of 250,000 square feet.

 

Key Factors for Real Estate Investors

Location Matters: Properties located within walking or biking distance from campus are particularly attractive to students.

Desirable Amenities: Features like furnished units, study spaces, and on-site laundry services can significantly enhance a property's appeal.

Conduct Market Research: Gaining insight into the unique needs and preferences of the student population at each institution is essential for a successful investment.

Investing in real estate near Orange County's colleges and universities presents an opportunity for consistent returns due to the continual demand for student housing. By prioritizing properties that cater to student lifestyles, investors can benefit from this thriving market.