149 E Union Ave - Apartments FOR SALE


Fullerton, CA 92832- Downtown Fullerton | 
$2,400,000 USD
714-713-9086
149 E Union Ave, Fullerton, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/16
null | 4.66% Cap Rate

149 E Union Ave
Fullerton, CA 92832
Downtown Fullerton


HIGHLIGHTS

  • Property Overview: 7-unit multifamily investment opportunity located at 149 East Union Avenue, Fullerton, CA.
  • Building Specs: 5,247 sq. ft. of rentable space on a 0.23-acre lot (Built in 1962).
  • Desirable Unit Mix: Features (4) 1-bed/1-bath units and (3) 2-bed/1-bath units.
  • Ample Parking: 11 total spaces on-site (3 garage spaces and 8 carport/tuck-under spaces).
  • Turnkey Interiors: 100% renovated units featuring white shaker-style cabinetry, modern countertops, stainless-steel appliances, & updated bathrooms.
  • Major Exterior & System Upgrades: Significant expenditures include copper plumbing, new windows, new landscaping, and a full restucco in 2022.

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 149 East Union Avenue, a 7-unit multifamily investment opportunity located in Fullerton, California. Built in 1962, the property comprises approximately 5,247 square feet of rentable space on a 0.23-acre lot and features a unit mix of 4 one-bedroom/one-bathroom units and 3 two-bedroom/ one-bathroom units. On-site parking includes 3 garage spaces and 8 carport/tuck-under spaces, providing a total of 11 parking spaces for the 7-unit property. Ownership has completed a substantial renovation program throughout the property, including updated unit interiors. Renovated units feature new lighting, including recessed lighting in select areas, updated kitchens with white shaker-style cabinetry, modern countertops, stainless-steel appliances, and contemporary fixtures. Bathrooms have also been remodeled with updated vanities, fixtures, and finishes, while additional interior improvements include newer vinyl plank flooring and carpet, updated wall texture, and fresh paint. The property has also undergone extensive exterior improvements, including replacement windows, copper plumbing completed in recent years, a full restucco and repaint in 2022, and updated landscaping throughout the property. With all 7 units benefiting from interior upgrades alongside extensive exterior improvements, 149 East Union Avenue presents a desirable renovated multifamily opportunity in Fullerton. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$457 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,857

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C3

APN/PARCEL ID

029-043-14

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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