2024 E Whiting Ave - Apartments FOR SALE


Fullerton, CA 92831
$2,275,000 USD
714-262-8992
2024 E Whiting Ave, Fullerton, CA for Sale
$2,275,000 USD
Apartments - FOR SALE
1/14
null | 4.62% Cap Rate

2024 E Whiting Ave
Fullerton, CA 92831


HIGHLIGHTS

  • Pride of Ownership 6 Units in Fullerton
  • Attractive Mix of (4) 2BD/1BA and (2) 1BD/1BA
  • Over $200,000 in Upgrades
  • ADU Potential
  • Located Blocks from CSUF and under 2 Miles from Downtown Fullerton

OVERVIEW

Morgan Skenderian is pleased to present 2024 E. Whiting Avenue, a pride of ownership 6 unit apartment complex in the city of Fullerton. Over the past few years, current ownership has invested over $200,000 in upgrades. Five of the six apartments have been renovated, the exterior has been painted giving it a modern aesthetic, new windows were installed, and the landscaping was replaced with beautiful, drought tolerant turf and rose bushes. Tenant amenities include gas cooking, wall heating, garage parking, an onsite laundry facility, and a gated court yard with tables and chairs. Renters also benefit from the property’s proximity to Downtown Fullerton (approximately 2 miles) and Cal State Fullerton University (approximately 1 mile) as wells it’s convenient access to the 57, 91 & 5 Freeways allowing expedient travel throughout Orange & Los Angeles County. Finally, new ownership will have the ability to add up to two ADUs on the subject property which will add immediate value to this well located, turnkey asset.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

6

PRICE/UNIT

$379,167

CAP RATE

4.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,074 SF

ZONING

R-3, Fullerton

APN/PARCEL ID

269-093-03

ASK ABOUT THIS PROPERTY

Michael ArpMorgan-Skenderian Investment Real Estate GroupMore Info
714-262-8992

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Michael ArpMorgan-Skenderian Investment Real Estate GroupMore Info
714-262-8992

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