Price $1,565,000
Status Active
Beds 0
Baths 0 Bath
Home size 4,527 sqft
Lot Size 6,966 sqft
Days on Market 26
The Teri Place Apartments, walking distance to Cal State Fullerton, provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 5.5% Cap Rate /10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles. The property offers an attractive unit mix consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room.
Property Type(s): Residential Income
Last Updated 8/23/2019 Year Built 1964
Community 699 - Not Defined County Orange

Additional Details

AREA 699 - Not Defined
LOT 6965 sq ft
LOT DESCRIPTION Front Yard, Near Public Transit
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public

Location

 

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Listing provided by : Greg Bassirpou CalDRE: 01365951, Marcus & Millichap RE Invest

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Based on information from California Regional Multiple Listing Service, Inc. as of 9/18/19 9:31 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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