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.