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    225 W Knepp Avenue

    Fullerton, CA 92832
    • $1,440,000
    • STATUS: Active
    • ON SITE: 175 days
    • ID#: OC20228047
    $1,440,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,752
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.The property offers an attractive unit mix comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, new bathrooms, new garage doors, and new landscaping.The subject propertys close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 4.41% Cap Rate / 6.61% total return for a stable, renovated, "A location investment property in the solid rental market of Fullerton, California.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T00:27:13.917. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/111435091
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    225 W Knepp Avenue Fullerton, CA 92832

    • Price: $1,440,000
    • Status: Active
    • ID#: OC20228047
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,752
    SQFT
    $384
    $/SQFT
    1958
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.The property offers an attractive unit mix comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, new bathrooms, new garage doors, and new landscaping.The subject propertys close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 4.41% Cap Rate / 6.61% total return for a stable, renovated, "A location investment property in the solid rental market of Fullerton, California.
    Exterior Features

    Lot Features Front YardLandscapedNear Public Transit Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 4.41 Common Interest None Community Features CurbsStreet LightsSidewalks Fuel Expense 2000 Garage YN Yes Gross Income 93720 Gross Scheduled Income 93000 Insurance Expense 1590 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 63541 New Construction YN No New Taxes Expense 16494 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 28304 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2000 Vacancy Allowance 1874 Vacancy Allowance Rate 2 Water Sewer Expense 2000 Water Source Public

    Listing provided courtesy of Greg Bassirpou of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T00:27:13.917. 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 or Team Forss Realty Group. Licensed in the State of California, USA.
     
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