$1,380,000
$1,399,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 10/16/2019
Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision University Villas (Univ)
MLS Listing ID PW19192263
Sold Date 10/16/19
HOA Y/N No
Year Built 1964
Lot Size 7,405 Sqft
Property Sub-Type Quadruplex
Property Description
This 4plex investment opportunity is uniquely located in the highly-rated Troy High School district and is a quick stroll or roll to Cal State Fullerton University. Not located in Fraternity Row. This is a solid income producing unit mix of one 3 bedroom/2 bath, two townhouse-style 2 bedroom/1.5 baths and one 2 bedroom/1 bath unit above the garages. The smart building layout means that there aren’t any stacked units.
Each unit features private patio space and parking includes 6 garages plus 4 parking spots in front of the garages. The convenient onsite laundry room generates additional income. Units are separately metered for gas and electric. A rehab project on the slab foundation was just completed and the contractor includes a 30-year warranty.
There is convenient nearby access to the 57 within in a mile. There is big upside in rents and all residents are currently month-to-month. This building could potentially be operated as a turnkey co-living space to dramatically increase income.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 33709110
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 632.0
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with William Kim • Marcus & Millichap
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