900 E Chapman Ave - Apartments FOR SALE


Fullerton, CA 92831
$1,950,000 USD
562-269-4844
900 E Chapman Ave, Fullerton, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/14
null | 5.01% Cap Rate

900 E Chapman Ave
Fullerton, CA 92831


HIGHLIGHTS

  • (6) oversized one-bedroom, one-bath units
  • 4,674 SF of apartments on a 13,255 SF lot with ample flat open space
  • Walkable to shops, restaurants, and all that Downtown Fullerton offers
  • Six single-car garages plus additional on-site parking
  • In-unit laundry, breakfast nook, huge shared backyard
  • Proven upside in current rent roll, with room to move higher through upgrades

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

6

PRICE/UNIT

$325,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,255 SF

ZONING

R3

APN/PARCEL ID

033-162-01

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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

Michael AlperCentennial AdvisersMore Info
562-269-4844

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