338 Affordable Apartments Break Ground in Tustin, California
Bisnow · 10 August 2026
TL;DR
USA Properties Fund and Irvine Co. have broken ground on Terracina at Tustin Legacy, a 338-unit affordable apartment complex within a 1,600-acre master-planned development on the site of a former Marine Corps Air Station in Tustin, California. The project will offer one- to three-bedroom units alongside amenities including a clubhouse, swimming pool, and parking garage. Leasing is expected to begin in the second half of 2028, with full construction completion targeted for mid-2029. The broader Los Angeles deal sheet also covers a 138-unit multifamily sale in Pomona at roughly $266,000 per unit, an office-to-residential conversion project in Monterey Park, a co-living property sale in West Los Angeles, and a Newport Beach townhome development changing hands to Shea Homes.
Our take
This article covers United States commercial property transactions and has no direct relevance to the South African property market. The deals — spanning affordable housing groundbreakings, multifamily sales, office-to-residential conversions, and industrial leases — are firmly rooted in Southern California's regulatory and economic environment, which differs substantially from South Africa's. Rand-denominated buyers, landlords navigating the Rental Housing Act, or agents registered with the EAAB will find little actionable insight here. That said, SA property professionals with an interest in global trends may note a few broader themes worth watching locally: the conversion of underutilised commercial stock into residential units mirrors growing conversations in Johannesburg's CBD and Cape Town's foreshore; and the appetite for affordable rental housing at scale echoes South Africa's own chronic housing backlog. For Liivra readers, these are distant signals rather than immediate market movers. We'll continue tracking locally relevant affordable housing developments and mixed-use conversions as they emerge across Gauteng, the Western Cape, and KwaZulu-Natal.