735 Barris Dr - Multi-Family FOR SALE


Fullerton, CA 92832
$1,775,000 USD
562-715-3905
735 Barris Dr, Fullerton, CA for Sale
$1,775,000 USD
Multi-Family - FOR SALE
1/5
null | 7.16% Cap Rate

735 Barris Dr
Fullerton, CA 92832


HIGHLIGHTS

  • Trophy neighborhood
  • Currently 3 units with two ADU in the works Great upside rents with a bit more work

OVERVIEW

Trophy neighborhood in the quiet area of Fullerton known as Golden Hills. Legally Three units There are two other unpermitted units. One unit recently upgraded (see photos) Projected rents see below. Lot is over 9100 sq ft. 3 separate garages and 3 parking spaces plus one tandem parking area equals 4 outside parking off the alley. Community laundry room and good sized back yard accessed by 3 units. It could be developed to allow for private patios giving it a plus value for future rents. Roof, stucco and wood siding and front landscaping in good condition. Some windows are newer. Very close to all that Fullerton has to offer. Downtown Fullerton is vibrant with businesses, restaurants, pubs and social life. Close to Cal State Fullerton Collage, Commuter Train and Freeways. Room for possibly up to two ADU units on garages. Subject to cacellation of current escrow.The rents of the currently vacant ADU's are part of the projections. This property qualifies to have the ADUs completed with the city of Fullerton and rented.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$755 USD /SF

# OF UNITS

3

PRICE/UNIT

$591,667

CAP RATE

7.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

triplex

APN/PARCEL ID

031-192-11

ASK ABOUT THIS PROPERTY

Susan BoyleReel PropertiesMore Info
562-715-3905

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Susan BoyleReel PropertiesMore Info
562-715-3905

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