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Key Details
Sold Price $1,095,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Fullerton Crest (Fucr)
MLS Listing ID PW19101587
Sold Date 09/30/19
HOA Y/N No
Year Built 1964
Lot Size 7,405 Sqft
Property Description
-**Huge Price Reduction $91K ** Higher Actual Rents/5.05 CAP rate/14.7 GRM on actual rents, New Roll-up Garage Doors, New Exterior Paint! - achieve a 5.67 CAP Rate/ 13.64 GRM on realistic market rents!! Best OC 4plex CAP rate available - priced to sell now. The Garnet Palms Apartments is a well maintained, single story Fullerton fourplex consisting of four two bedroom, one bath units 4(2+1) with enclosed garages, separate tenant gas & electric meters, with an onsite laundry room for additional owner income. The subject property is located in a high-demand tenant location near the intersection of Yorba Linda blvd & Placentia Ave, walking distance to the Target center and numerous other tenant amenities. Additionally, the 57 Freeway on/off-ramp and the California State University Fullerton campus are located just 1/2 of a mile from the subject property. The City of Fullerton also offers tenants numerous entertainment venues, an award winning school district and transportation hubs like the Fullerton Airport and the Fullerton Amtrak Train Station which offers tenants daily commutes to LA and San Diego
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Oven, Gas Range, Water Heater
Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Asphalt, Concrete, Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Fence Brick, Stucco Wall
Pool None
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Accessibility Parking
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Sprinklers In Front, Landscaped, Paved, Walkstreet, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 33922315
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Sarah Dung Ha • Professional R.E. Center, Inc.
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