Address
225 W Knepp Avenue Fullerton, CA
Price
$ 1,440,000
Property Attributes
  • MLS#OC20228047
  • TypePending
  • CountyORANGE
  • CityFullerton
  • Zip92832
  • Style
  • Price$ 1,440,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,392 SqFt
Listing Provided Courtesy Of:
Greg Bassirpou with Marcus & Millichap RE Invest.
Data Source:
CRMLS
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 property’s 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.

Price History
10/29/2020 Listed $1,485,000
1/20/2021 1% - $1,475,000
2/25/2021 2% - $1,450,000
3/16/2021 1% - $1,440,000

General Features

Community Features Curbs, Street Lights, Sidewalks
Garage Spaces 4
Garage Y/N Yes
Levels Two
Listing Agent Greg Bassirpou - BRE#01365951
Listing Agent State License 01365951
MLS Area 699 - Not Defined
Open Parking Spaces 1
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 4
Water Sewer Expense 2000

Interior Features

Common Walls No Common Walls
Laundry Features Common Area

Exterior Features

Lot Features Front Yard, Landscaped, Near Public Transit
Lot Size Acres 0.15
Lot Size Area 6392
Lot Size Square Feet 6392
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 5
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92832

Price
AVG $650K
$1.44M
Visits
AVG 140
162
Year Built
AVG 1960
1958
Walkscore
AVG 76
81
Data Provided by Walkscore ® not using MLS data

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