Fullerton, CA 92831,2040 Associated RD
Fullerton, CA 92831,2040 Associated RD
Fullerton, CA 92831,2040 Associated RD
Fullerton, CA 92831,2040 Associated RD
Fullerton, CA 92831,2040 Associated RD
Fullerton, CA 92831,2040 Associated RD
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$1,615,000

$1,625,000

0.6%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Michael Sacks • Coldwell Banker Realty
Bought with JANET LU • RE/MAX 2000 REALTY

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"REAL" Barkley-Romero

CEO | DRE# SA695240000 | DRE# 02100184

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