2024 Woodbriar Court

    Fullerton, CA 92831
    • $9,500,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: PW20038623
    UPDATED: 89 min ago
    $9,500,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,519
      SQFT
    • $322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    An exceptional investment opportunity of 22 residential units in Fullerton, CA. The portfolio, in its proximity to more than 60k students and staff attending or working at local higher educational facilities, is situated in a robust rental market. A new owner could take advantage of the portfolio's proximity to Cal State Fullerton and offer student housing. The 22 individually parceled units offer an investor multiple exit strategies and immediate upside in equity. The north Orange County location further benefits investors with a strong local economy, low unemployment and low vacancy in the residential rental sector.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T12:25:44.02. 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 First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/103460947

    2024 Woodbriar Court Fullerton, CA 92831

    • Price: $9,500,000
    • Status: Active
    • Updated: 89 min ago
    • ID#: PW20038623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    29,519
    SQFT
    $322
    $/SQFT
    1975
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    83 - Fullerton
    Property Description
    An exceptional investment opportunity of 22 residential units in Fullerton, CA. The portfolio, in its proximity to more than 60k students and staff attending or working at local higher educational facilities, is situated in a robust rental market. A new owner could take advantage of the portfolio's proximity to Cal State Fullerton and offer student housing. The 22 individually parceled units offer an investor multiple exit strategies and immediate upside in equity. The north Orange County location further benefits investors with a strong local economy, low unemployment and low vacancy in the residential rental sector.
    Exterior Features

    Carport Spaces 15.00 Garage Spaces 22.00 Lot Features Back YardCul-De-SacFront YardYard Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Detached CarportGarage Parking Total 37.00 Parking YN Yes Pool Features Association Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 777 Average1 Bed Area Units Square Feet Average2 Bed Area 1098 Average2 Bed Area Units Square Feet Average3 Bed Area 1837 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features CommunityInside

    Property Features

    Additional Parcels Description 933-240-57933-240-58933-240-61933-240-75337-192-36337-192-59933-240-15933-240-16933-240-18933-240-19933-240-22933-240-29933-240-31337-192-26337-192-31337-192-54337-192-61337-192-63337-192-64337-192-65337-192-67337 Additional Parcels YN Yes Association Amenities Pool Association Fee 240.00 Association Fee Frequency Monthly Association Fee2 300.00 Association Fee2 Frequency Monthly Building Area Units Square Feet Cap Rate 3.33 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Elevation Units Feet Gross Income 579500.00 Gross Operating Income 551154.00 Gross Scheduled Income 579500.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Maintenance Expense 33879.00 Net Operating Income 316103.00 New Construction YN No New Taxes Expense 110200.00 Number Of Separate Electric Meters 22 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 22 Number Of Units Leased 22 Operating Expense 235050.00 Other Expense 65340.00 Other Expense Description Hoa Professional Management Expense 16534.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Fullerton Creek And Casa Del Amo Condominiums Total Actual Rent 579500.00 Total Expenses 235050.00 Trash Expense 9097.00 Vacancy Allowance Rate 3.00 Water Source Public Year Built Source Appraiser

    Listing provided courtesy of Jason Jamison of Gm Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-08T12:25:44.02. 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 First Team Real Estate. Licensed in the State of California, USA.

     
    First Team Real Estate
    CA,