134 S Pritchard Ave - Apartments FOR SALE


Fullerton, CA 92833
$5,995,000 USD
949-681-8388
134 S Pritchard Ave, Fullerton, CA for Sale
$5,995,000 USD
Apartments - FOR SALE
1/3
null | 5.29% Cap Rate

134 S Pritchard Ave
Fullerton, CA 92833


HIGHLIGHTS

  • Great Unit Mix: Fifteen 2 Bed / 1 Bath, , One 3 Bed / 1 Bath, and One 1 Bed / 1 Bath (Non Conforming)
  • Located Next to Valencia Park Elementary, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, The Source OC Shopping Mall
  • Conveniently Located Just 2 Miles From Knotty Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, and Buena Park Entertainment Zone
  • Turnkey Investment With Good Curb Appeal, Covered Parking, Interior Courtyard, Gated & Sparkling Swimming Pool and On-Site Laundry
  • All Units Have Been Renovated, New Flooring, New Quartz Counter Tops and Cabinets, New Lighting, New Kitchen Appliances
  • Major Exterior Renovation: New Stucco and Paint, New Front Gate, New Landscaping, Parking Lot Asphalt ~1 Year Old, Some New Fencing and Paint

OVERVIEW

Matthews™ is pleased to present 134 S Prichard Ave, located in Fullerton, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, The Source OC Shopping Mall, Beach Blvd, and the 5 Freeway and 91 Freeway interchange. Built in 1954, the property underwent a major interior and exterior renovation in 2022. The roof is approximately 5 years old, and the parking lot asphalt was replaced approximately 1 year ago, further enhancing the long-term durability and capital improvements of the asset. David Harrington License # 02168060 (CA) Matthews Real Estate Investment Services, Inc 2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550 The complex features a strong unit mix of fifteen two-bedroom/one-bath units, one three-bedroom/one-bath unit, and one non-conforming one-bedroom/one-bath unit. The property is a two-story, garden-style walk-up with a central courtyard surrounding a gated swimming pool. Amenities include an on-site laundry room and covered parking for tenants. Each unit is separately metered for gas and electricity. Each unit has received recent interior upgrades including new flooring, new quartz countertops with refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and fresh paint throughout. The exterior also benefited from significant recent renovations, including new stucco and paint, a new front gate, new landscaping, a newly paved parking lot, select new fencing and paint, new wall air-conditioning units, and new double-pane vinyl windows. The complex is conveniently located just two miles from Knott’s Berry Farm, Knott’s Soak City, Medieval Times, Pirates Dinner Adventure, Portillo’s Bakery, and the Buena Park Entertainment Zone. The property is also less than one mile from numerous major retail centers and employment hubs. Broker of Record - David Harrington - License # 02168060 (CA) Mark Bridge - Mark.Bridge@Matthews.com - 949-681-8388

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

17

PRICE/UNIT

$352,647

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Driftwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

030-086-07

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.