Author Topic: Irvine getting 137 new townhomes priced under $600,000  (Read 1201 times)

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Offline hurijo

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #15 on: September 10, 2019, 10:04:18 AM »
I commute past C2E everyday. It looks like a PITA to get into if you're coming southbound on Von Karman during rush hour b/c there's no light to make a left turn into the complex. I've seen several folks make illegal U-turns just to get in.

It also looks like they're building some more 3 story townhomes across from C2E, I think around the corner of VK and Alton. I saw some front doors facing VK only a few steps away from the sidewalk! That's urban living for you.

Offline Cares

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #16 on: September 10, 2019, 10:21:55 AM »
I went to the grand opening event. I feel like the offering is very "bleh" based on price/value. Add in the fact that it is Santa Ana school district. To exacerbate it, the community around the corner by the same developer is zoned for IUSD.

Offline jamesKirk

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #17 on: September 10, 2019, 04:55:45 PM »
Very disappointed by the prices they were offering. Even when considering MR in newer Irvine areas you were still getting way more value. Much better area, better schools, etc. The smallest unit already had a waiting list and we were confused how? It’s a narrow apartment with laundry in your tandem garage. Are investors planning to rent those out?

The rooftop decks were very meh, they have all the water heaters on the roofs so that’s your view. That and planes coming by every few minutes.

What is the pollution like near JWA? I’ve never looked into it honestly.

Only thing we liked were the kitchen layouts in the larger units. Some had good storage closets/cabinets we liked.

It feels like an apartment. You overlook the pool. Everyone can see into your home. For the prices it seemed strange.

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Offline eyephone

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #18 on: September 10, 2019, 05:27:17 PM »
Very disappointed by the prices they were offering. Even when considering MR in newer Irvine areas you were still getting way more value. Much better area, better schools, etc. The smallest unit already had a waiting list and we were confused how? It’s a narrow apartment with laundry in your tandem garage. Are investors planning to rent those out?

The rooftop decks were very meh, they have all the water heaters on the roofs so that’s your view. That and planes coming by every few minutes.

What is the pollution like near JWA? I’ve never looked into it honestly.

Only thing we liked were the kitchen layouts in the larger units. Some had good storage closets/cabinets we liked.

It feels like an apartment. You overlook the pool. Everyone can see into your home. For the prices it seemed strange.

Good info. You saved me a trip.
« Last Edit: September 10, 2019, 05:58:52 PM by eyephone »

Offline irvinehomeowner

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #19 on: September 10, 2019, 09:13:15 PM »
What kind of rent can someone charge here compared to the new apartments nearby?

Maybe it maths out for an investor.

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Offline nosuchreality

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #20 on: September 11, 2019, 07:22:17 AM »
Call it what you want, I look at the map and I see concrete jungle "housing projects".

The units are 3 and 4 bedrooms.   Where do the kids go.on that map?


Offline irvinehomeowner

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #21 on: September 11, 2019, 07:33:32 AM »
No kids.

It's YUPPIE-ville.

Or temporary 6-month housing for overseas tech workers.

Or birthing facility. :)
Once you go 3-car garage... your junk can never go back.
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Offline Soylent Green Is People

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #22 on: September 11, 2019, 08:27:18 AM »
Given the likely investor levels, this project may become un-financeable. Once you reach 51% Non-Owner Occupant, lenders shy away from these units.

A very Soviet era styled Brutalist design. Sure, there's some gingerbreading to make the homes look nice, but with 10+ hours of jet flyovers, I can't imagine there being that big of a draw to live here even at these price points.

My .02c

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Offline gpquest

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Re: Irvine getting 137 new townhomes priced under $600,000
« Reply #23 on: September 12, 2019, 03:35:02 PM »
The units are priced too high for an investor to consider. I'll pass on this.

 

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