The Teri Place Apartments, walking distance to Cal State Fullerton, provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 5.50% Cap Rate /10.10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles. The property offers an attractive unit mix consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room.
Based on information from California Regional Multiple Listing Service, Inc. as of November 17th, 2019 at 7:31pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Listed By: Greg Bassirpou(01365951) of Marcus & Millichap RE Invest