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Investor buys Orange County apartment complexes

Two 24-unit multifamily properties in Orange trade for $272,083 per unit
The adjoining Palmyra and Mardi Gras apartments in Orange, both built in 1961, have changed hands for more than $13 million. (CoStar)
The adjoining Palmyra and Mardi Gras apartments in Orange, both built in 1961, have changed hands for more than $13 million. (CoStar)
By CoStar AICostar Research
January 20, 2026 | 10:12 P.M.

A private individual has acquired a pair of 24-unit apartment complexes in Orange, California, from another investor for $13.06 million. The adjoining properties, at 1475 and 1519 W. Palmyra Ave., traded at approximately $272,083 per unit.

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