Located in one of Southern California’s strongest rental markets, this 6-unit investment property offers strong in-place income with additional upside to capture. Situated just east of Downtown Fullerton on Chapman Ave, the property consists of six oversized 1-bedroom, 1-bath units in three semi-private duplex-style buildings. With 4,674 square feet of existing living space on a 13,255 square foot lot, there is plenty of open space and off-street parking.
The property is just minutes from Downtown Fullerton, Cal State Fullerton, St. Jude Hospital, Raytheon, and numerous major employers. It has high visibility on Chapman Avenue and easy access to the 91, 57, and 5 Freeways. This location and unit quality have consistently driven strong rental demand and historically high tenant retention, helping ensure top-of-market rents for years to come. Each unit has a dedicated garage space, with additional off-street and tandem parking.
This is a well-located property with strong in-place income in Fullerton, a stable, landlord-friendly city. With solid rents already in place, a new buyer will have the opportunity to increase NOI by adjusting rents to match those already proven on the current rent roll.