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Key Details
Sold Price $1,820,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Classic Homes (Clas)
MLS Listing ID PW21154134
Sold Date 10/20/21
HOA Y/N No
Year Built 1961
Lot Size 7,074 Sqft
Property Description
2024 E. Whiting Avenue is a rarely available 6 unit apartment complex in the city of Fullerton. The subject property is desirably comprised of majority two bedroom units making this asset in demand to investors and tenants. Additionally, tenants are provided garage parking, on-site laundry, air condition and secured entry with a private courtyard. Renters also benefit from the property’s proximity to Downtown Fullerton (approximately 2 miles) and Cal State Fullerton University (approximately 1 mile) as wells it’s convenient access to the 57, 91 & 5 Freeways allowing expedient travel throughout Orange & Los Angeles County. The property has been well maintained by the existing ownership with two of the units seeing full interior renovations. Great upside potential will allow the new owner to increase rents quickly while continuing the upgrading of the property and substantially improving the return on investment. All of these attributes attract long term renters at elevated rent levels leading to exceptional returns for the new investor in this complex.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights
Total Parking Spaces 6
Private Pool No
Building
Lot Description Lawn, Yard
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 26909303
Energy Description 2216.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Michael Arp • Morgan Skenderian