$1,125,500
$1,170,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 02/21/2020
Key Details
Sold Price $1,125,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19282225
Sold Date 02/21/20
HOA Y/N No
Year Built 1949
Lot Size 6,969 Sqft
Acres 0.16
Property Description
This is a well located single-story, modern ranch style four-plex in the coveted city of Fullerton, California. The SoCo area is less than half a mile from this property as tenants enjoy a variety of shopping, dining and entertainment establishments in addition to this areas coveted educational institutions and thriving job market. The opportunity is competitively priced while it boasts a 4.4% cap rate on current rents and offers upside. This property is meticulously maintained and offers fantastic curb appeal. Each of the units are large one bedroom, one bathroom apartments; and the building includes four single-car garages. Three of the garages are rented to off-site tenants for storage (with month-to-month lease agreements) providing the investor with additional cash-flow. This is truly an easy to operate, high performing multifamily investment property offered in a high rent demand location. Available with historically low 30-Year fixed rate residential financing; up to 75% LTV. Offers shall be subject to interior inspection; please do not disturb the tenants.
Location
State CA
County Orange
Area 83 - Fullerton
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Driveway, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Driveway, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 03207325
Energy Description 20.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract
Financing Cash
Special Listing Condition Standard
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Bought with Michael Sacks • Coldwell Banker Res. Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner