$1,615,000
$1,625,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 05/15/2021
Key Details
Sold Price $1,615,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision University Villas (Univ)
MLS Listing ID PW21069338
Sold Date 05/15/21
HOA Y/N No
Year Built 1964
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).
Location
State CA
County Orange
Area 83 - Fullerton
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 33709401
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with JANET LU • RE/MAX 2000 REALTY
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CEO | DRE# SA695240000 | DRE# 02100184