Description
Fell Out of Escrow - Their Loss, Your Gain! --- GREAT INVESTMENT OPPORTUNITY! Strong Rents, Stable Tenants & Priced to Sell! Rare opportunity to acquire a well-maintained 4-unit apartment property in the heart of Fullerton, one of Orange County's most desirable and high-demand rental markets. This single-story multifamily asset consists of four 2-bedroom, 1-bathroom units and is 100% occupied by long-term tenants with a strong history of on-time rent payments, providing immediate and reliable cash flow. The property currently generates approximately $9,060 per month in rental income, with potential for future rent growth. Each unit offers a functional floor plan, dual-pane windows, private patio space, and is individually metered for gas and electricity. Owner expenses are limited, with tenants responsible for their own gas and electric service, while ownership pays water, trash, and common area utilities. Recent capital improvements include exterior painting, exterior wood repair and treatment, and replacement of exterior windows and sliding glass doors, enhancing both curb appeal and long-term value. Additional amenities include an on-site coin-operated laundry facility and three detached two-car garages providing a total of six parking spaces. Ideally located near the 57 and 91 freeways, Cal State Fullerton, public transportation, shopping, dining, and entertainment, this property benefits from strong rental demand and low vacancy rates. Perfect for investors seeking a turnkey income property or buyers completing a 1031 exchange.
Details
| MLS # | OC26133079 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1964 |
| Days On Site | 73 |
| Listing Provided By | OCProperties | Eric Reichert |
Features
| SQ Feet | 3,258 |
|---|---|
| Garage | 6 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.17 |
Exterior
| Lot Features | Two To Five Units Acre, Walkstreet |
|---|
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Fullerton |
| Zip Code | 92831 |
| Area | 699 Not Defined |
| Listing VS Median (in 92831) | |
Price: $1,475,000 low | high Med: $1,995,000 sqft: 3,258 low | high Med: 3,217 $ / sqft: $453 low | high Med: $620 On site: 73 low | high Med: 42 | |
Market Activity 92831
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Fullerton |
| Zip Code | 92831 |
| Area | 699 Not Defined |
| Listing VS Median (in 92831) | |
Price: $1,475,000 low | high Med: $1,995,000 sqft: 3,258 low | high Med: 3,217 $ / sqft: $453 low | high Med: $620 On site: 73 low | high Med: 42 | |