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$6,090,000

FOR SALEActive

111 N Stanford Avenue

Fullerton CA 92831

11,013

SF

Multi-Family

Type

1973

Built

$553/SF

Cost/SF

378 days on marketNalren refreshed

Listing Agent

Susan Hirzel

Listing Agent

DRE #: 01904282

(714) 225-2014

Brokerage: Circa Properties, Inc.

Location Analysis

MapProperty Location

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

Map

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