Price $1,475,000
Status Active
Beds 0
Baths 0 Bath
Home size 3,752 sqft
Lot Size 6,391 sqft
Days on Market 91
The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern 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 comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 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, new bathrooms, new garage doors, and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown 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 4.28% Cap Rate / 6.18% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.
Property Type(s): Residential Income
Last Updated 1/20/2021 Year Built 1958
Community 699 - Not Defined County Orange

Price History

Prior to Jan 20, '21$1,485,000
Jan 20, '21 - Today$1,475,000

Additional Details

AREA699 - Not Defined
LOT6390 sq ft
LOT DESCRIPTIONFront Yard, Landscaped, Near Public Transit
POOL DESCRIPTIONNone
SEWERPublic Sewer
STORIES2
WATERPublic

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 1/27/21 7:54 AM PST 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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