1616 Picadilly Way - Apartments FOR SALE


Fullerton, CA 92833
$1,350,000 USD
714-270-9662
1616 Picadilly Way, Fullerton, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/12
null | 4.18% Cap Rate

1616 Picadilly Way
Fullerton, CA 92833


HIGHLIGHTS

  • Closed to freeway 5 and 91
  • Value add potential
  • Ample street parking

OVERVIEW

100K reduction for quick sale. This well-maintained 2-story apartment building offers steady rental income with long-term tenants and additional revenue from an on-site laundry room. There are 3 two-car garages at the back of the building. It provides easy commuting to freeway 5 and 91, and ample street parking. Current rents are below market rates compared to nearby areas. Perfect for investors seeking cash flow and value-add potential in a high-demand area.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

4.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Good income property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

071-351-14

ASK ABOUT THIS PROPERTY

Sharon TaiBerkshire Hathaway California PropertiesMore Info
714-270-9662

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Sharon TaiBerkshire Hathaway California PropertiesMore Info
714-270-9662

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