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12811 Garden Grove Boulevard

Deborrah Willard Of Foundation Of Affordable Housing Acquires Senior Housing In Garden Grove For $15.5M
SOLDSenior Housing

Deborrah Willard Of Foundation Of Affordable Housing Acquires Senior Housing In Garden Grove For $15.5M

12811 Garden Grove Boulevard

$15,500,000

$210/SF

Building Size

73,748 SF

Asset Type

Senior Housing

Closing

Aug 19, 2025

AI

The asset involved in the transaction is a senior housing property located at 12811 Garden Grove Boulevard in the Garden Grove market. The property contains 82 units, encompassing a total square footage of 73,748, with a sale price of $15,500,000, resulting in a price per unit of $189,024 and a price per square foot of $210.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $15,500,000
  • Units: 82
  • Square Footage: 73,748
  • Price Per Unit: $189,024
  • Price Per Square Foot: $210
  • Buyer: Deborrah Willard - Foundation of Affordable Housing
  • Seller: Michael A. Costa - Highridge Costa
  • Transaction Date: 08/19/2025

Deborrah Willard, representing the Foundation of Affordable Housing, acquired the property from Michael A. Costa of Highridge Costa Development Co. This deal highlights the ongoing investor interest in affordable housing within Orange County, particularly given the low vacancy rates for Class B and C properties in the region.

Players

Deborrah Willard

Foundation of Affordable Housing

Buyer

$49.5M

vol

2 deals

Buyer
Foundation of Affordable Housing
Foundation of Affordable HousingBuyer

Garden Grove Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93