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631 W Commonwealth AVE Fullerton, CA 92832
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Key Details
Sold Price $1,125,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19282225
Year Built 1949
Lot Size 6,969 Sqft
Property Description
This is a well located single-story, modern ranch style four-plex in the coveted city of Fullerton, California. The SoCo area is less than half a mile from this property as tenants enjoy a variety of shopping, dining and entertainment establishments in addition to this areas coveted educational institutions and thriving job market. The opportunity is competitively priced while it boasts a 4.4% cap rate on current rents and offers upside. This property is meticulously maintained and offers fantastic curb appeal. Each of the units are large one bedroom, one bathroom apartments; and the building includes four single-car garages. Three of the garages are rented to off-site tenants for storage (with month-to-month lease agreements) providing the investor with additional cash-flow. This is truly an easy to operate, high performing multifamily investment property offered in a high rent demand location. Available with historically low 30-Year fixed rate residential financing; up to 75% LTV. Offers shall be subject to interior inspection; please do not disturb the tenants.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Laundry Common Area
Exterior
Parking Features Driveway, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Bought with Michael Sacks • Coldwell Banker Res. Brokerage