Attractive Pro Forma Yield: Stabilized underwriting supports a 6.80% pro forma cap rate, based on market-aligned rents and moderate operating efficiencies. Pro forma NOI of $280,496, delivers strong returns with minimal renovation outlay. Significant Embedded Rent Growth: Current average rents of $1,513 per unit trail pro forma rents with +46% upside evident across the property. Six units have been fully turned and are in an immediate position to realize market rents. Supportive Lease Structures: With all tenants Month-to-Month, the subject property is well positioned to adapt to many different investment strategies and timetables. The North Orange County submarket boasts 4.1% vacancy and 1,200 units absorbed over the past 12 months, outpacing deliveries. With only 2.5% of total inventory under construction, fundamentals remain strong and supportive of rent growth in transit-accessible infill locations like La Habra. The property lies within a Transit-Oriented District (TOD) and Opportunity Zone, offering potential long-term value through tax advantages, flexible zoning, and streamlined entitlements. Future redevelopment could unlock higher density residential or mixed-use potential. Located within minutes of CSU Fullerton, St. Jude Medical Center, and the Brea retail corridor, 2220 Kenrich Court benefits from a Walk Score of 85, highlighting it's high desirability for tenants. The site offers seamless access to five major freeways and nearby Metrolink, connecting residents to employment hubs across Orange and Los Angeles counties.