151 W. Southgate Ave., Fullerton, CA 92832

About this property

We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,758,000

Sold November 2023 · listed $1,788,000, on market May 2023 · MLS #PW23085046 · Source: CRMLS

Listing Agent: Gary Tolfa · Listing Office: Triqor Group · Contact: gary@triqorgroup.com · Bought with: Michael Ferraiz · The Kennedy Group

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