2117 Teri Place

    Fullerton, CA 92831
    • $1,400,000
    • STATUS: Active Under Contract
    • ON SITE: 13 days
    • ID#: OC18279948
    Under Contract
    UPDATED: 182 min ago
    $1,400,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,527
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    2117 Teri Place is a 4-unit multifamily investment property located in Fullerton, one of the strongest rental markets in Southern California. Situated on a 0.16-acre lot, the 4,527 square foot property consists of spacious two-bedroom and three-bedroom floor plans and offers garage parking, on-site laundry, and a central courtyard. 2117 Teri Place is within walking distance to California State University Fullerton, which has the highest student enrollment in the California state university system. The property appeals to all students looking for convenient, quality housing. The property is located within close proximity to Downtown Fullerton, Brea Mall and the 57 Freeway.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T00:27:56.637. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/89658714

    2117 Teri Place Fullerton, CA 92831

    • Price: $1,400,000
    • Status: Active Under Contract
    • Updated: 182 min ago
    • ID#: OC18279948
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,527
    SQFT
    $309
    $/SQFT
    1964
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    2117 Teri Place is a 4-unit multifamily investment property located in Fullerton, one of the strongest rental markets in Southern California. Situated on a 0.16-acre lot, the 4,527 square foot property consists of spacious two-bedroom and three-bedroom floor plans and offers garage parking, on-site laundry, and a central courtyard. 2117 Teri Place is within walking distance to California State University Fullerton, which has the highest student enrollment in the California state university system. The property appeals to all students looking for convenient, quality housing. The property is located within close proximity to Downtown Fullerton, Brea Mall and the 57 Freeway.
    Exterior Features

    Garage Spaces 6.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 996.00 Elevation Units Feet Fuel Expense 996.00 Gross Income 72000.00 Gross Operating Income 69840.00 Gross Scheduled Income 72000.00 Insurance Expense 1400.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 43017.00 New Construction YN No New Taxes Expense 16119.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 26823.00 Other Expense 2920.00 Other Expense Description Other Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6000.00 Total Expenses 26823.00 Trash Expense 996.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 996.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T00:27:56.637. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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