2660 Milton Ave - Apartments FOR SALE


Fullerton, CA 92831
$2,050,000 USD
970-445-8189
2660 Milton Ave, Fullerton, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

2660 Milton Ave
Fullerton, CA 92831


HIGHLIGHTS

  • Four townhome-style units averaging more than 1,100 SF each
  • First residential street North of Cal State Fullerton
  • Completely renovated interiors with condo-style finishes
  • Six garaged parking spaces
  • Quick access to the 57 freeway
  • Current rents totaling $11,000/month with 10%+ upside

OVERVIEW

2660 Milton Ave represents the opportunity to acquire 4 units on the closest residential street to the north side of California State Fullerton’s campus in the City of Fullerton. This highly-improved four plex is comprised of two large 3 bed + 2 bath units and (2) 2 bed + 1 bath, townhome style, averaging over 1100 square feet each. Built in 1964, the building boasts a total of 4,690 square feet on a 7,544 square foot lot with 6 garaged spaces. The entire building has been taken down to the studs and modernized with beautiful condo like finishes. Tenants enjoy living on Milton Ave. because it is walking distance to the California State University Fullerton campus and within a mile of three different grocery stores, target, fitness centers and restaurants. The units are generating strong cashflow with a 4.48% cap rate. A buyer can acquire a fully turn-key asset and achieve upside in rental income through more active management.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

4

PRICE/UNIT

$512,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2660 Milton Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

337-094-12

ASK ABOUT THIS PROPERTY

Nicholas EberleCentennial AdvisersMore Info
970-445-8189

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Nicholas EberleCentennial AdvisersMore Info
970-445-8189

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