524 W Williamson Ave - Apartments FOR SALE


Fullerton, CA 92832- Downtown Fullerton
$1,795,000 USD
949-629-7640
524 W Williamson Ave, Fullerton, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/12
null | 1.41% Cap Rate

524 W Williamson Ave
Fullerton, CA 92832
Downtown Fullerton


HIGHLIGHTS

  • 86% Two Bedroom Units
  • Added Value Opportunity
  • Over 196% in Estimated Rental Upside
  • Priced at $256,429/Unit & $299.02/SF
  • Full Building PEX Re-pipe in 2016; New Roof in 2025 (excluding the Garages)
  • First Time on the Market in Over 30 Years

OVERVIEW

Morgan Skenderian, Inc., is pleased to present 524 Williamson Avenue, a 7-unit investment opportunity located in Fullerton. This property was built in 1961 and is being offered for the first time in over three decades. With 6 out of the 7 units configured as spacious two-bedroom layouts, the property offers an excellent unit mix ideal for long-term growth and strong tenant demand. The property underwent a complete re-pipe in 2016 with durable and efficient PEX piping as well as a full roof replacement in 2025 (excluding the garages), significantly reducing future maintenance concerns. An onsite laundry facility, though currently unused, offers the opportunity for additional income. Select units feature private yards and ceiling fans, enhancing tenant comfort, while the property also includes garages and onsite parking spaces, a desirable amenity in the area. Currently listed at just $256,429 per unit and under $300 per square foot, this asset represents a compelling value play with over 196% upside in rental income, providing a clear path for substantial value-add potential. This is a rare chance to acquire a legacy asset in a strong rental market, with attractive fundamentals and outstanding potential for repositioning and long-term returns.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

7

PRICE/UNIT

$256,429

CAP RATE

1.41%

% LEASED

-

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

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2

APN/PARCEL ID

032-083-04

ASK ABOUT THIS PROPERTY

Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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Paul EspinosaMorgan-Skenderian Investment Real Estate GroupMore Info
949-629-7640

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