$6,090,000
FOR SALEActive111 N Stanford Avenue
Fullerton CA 92831
11,013
SF
Multi-Family
Type
1973
Built
$553/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Stanford Apartments is an 18-unit apartment community located in a high demand area of Fullerton. This 2 story gated complex features 18 - 1 bed/1 bath apartments each with its own enclosed single car garage as well as 9 additional garages which provide additional revenue. Amenities include two on-site coined laundry rooms, on-site pool, grass areas, driveway parking and an additional parking pad. Recent improvements include new exterior paint, new exterior lighting and new electrical panels. Most of the units have been remodeled with laminate or LVP flooring, new ceiling fans and lights, new stoves, new A/C units, new paint and window coverings. Six of the units offer a private fenced yard and three of the units have a private balcony. This turn-key property has been diligently maintained by the same family since it was custom built in 1973 and offers steady rental income with long-term tenants and low maintenance ownership perfect for investors seeking cash flow and value-add potential in a high demand area. Situated at the end of a quiet cul-de-sac and conveniently located close to Downtown Fullerton, Fullerton College, Fullerton Train Station, Cal State Fullerton and the 91 and 57 freeways.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
0.83 acres
Lot Size
18
Total Units
11,013 SF
Square Footage
$552.98/SF
Price per SF
4.51%
Cap Rate
$275K
NOI
$51,627
Annual Tax
1,973
Year Built
2
Stories
27
Parking Total
2.45
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
4.51% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
4.51%
Cap Rate
$274,911
NOI
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