$3,300,000
$3,600,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 11/01/2024
Key Details
Sold Price $3,300,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24153270
Sold Date 11/01/24
HOA Y/N No
Year Built 1954
Lot Size 0.340 Acres
Property Description
Casa De Flores is a 12-unit multifamily investment property located in Fullerton, California. Situated on two adjacent lots, Casa De Flores offers exclusively one-bedroom floor plans featuring highly desirable upgrades including vinyl flooring, granite countertops, stainless steel sinks, stoves, and more. The property features gated pedestrian access leading to a spacious courtyard, an on-site laundry facility, and ample garage parking. Additionally, current ownership has invested significant capital into exterior upgrades including garage doors and remote controls, railings and stairs, sprinkler systems, lighting, and paint. Casa De Flores has an attractive Fullerton location, just over 1 mile from Downtown Fullerton, providing residents with convenient access to a plethora of shopping, dining, and entertainment options. Additionally, residents enjoy the property's close proximity to numerous major retail centers including Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center, providing easy access to an abundance of everyday needs. Furthermore, Casa De Flores is within a 2-mile radius of Raytheon Systems Company, and Providence, St. Jude Medical Center, two of the city's premier employers with 1,200 and 1,000 employees respectively, per the city's 2023 Annual Comprehensive Financial Report. Given the strength of the overall apartment market within the city of Fullerton, the property offers an investor the ability to capture quality tenants seeking an optimal location with access to a wide variety of activities, retail amenities, employment opportunities, and transportation. This overall demand for well-located apartments will be a key driver in the continued growth at Casa De Flores.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 03136314
Energy Description 2846.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Kristyn Tupper • T.N.G. Real Estate Consultants
"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