This property is Off-Market
1830 W. Commonwealth Ave.
Fullerton, CA 92833 ·
148 Units · Multifamily For Sale
|No. Units||148||Gross Rent Multiplier||8.56|
|Building Size||58,748 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1962|
|Property Sub-type||Garden/Low-Rise||Lot Size||2.05 AC|
|Property Use Type||Investment||APN / Parcel ID||030-210-07, 10, & 21|
|Listing ID: 16702238||Date Created: 05/27/2010||Last Updated: 12/19/2010|
Sunset Pointe is ideally located on Commonwealth Avenue, a major East/West thoroughfare in the city of Fullerton. The property benefits from excellent exposure as the daily traffic count exceeds 43,000. Historic downtown Fullerton is approximately 2½ miles to the east and residents are only minutes from both Disneyland and Knott's Berry Farm. Additionally, the Riverside (91) and Santa Ana (5) Freeways are easily assessable thus enabling tenants convenient access to all of Los Angles and Orange Counties employment and entertainment centers.
The property consists of 4 two-story buildings located on over 2 acres of land with over 300 feet of frontage. Parking is located behind the buildings in an uncovered lot with multiple gated driveways. The entry is gated and additional amenities include large lobby and leasing office, and laundry facilities. Apartments (except for bachelors) are sub-metered for all utilities.
Currently the property is zoned CH for Commercial/Hotel use, however Sunset Pointe has been operating for many years as an apartment building.
Located in North Orange County, approximately 22 miles southeast of Los Angeles, the city of Fullerton is a dynamic community with a rich heritage and a vibrant downtown currently undergoing a renaissance of new development. From housing to health-care to industrial complexes, the amount of development speaks to the city' s active, prospering economy. Fullerton boasts a broad business range, including high-tech aerospace firms, manufacturing businesses, and financial institutions. This diverse economy continues to benefit the city in the form of low unemployment and strong job growth.
- Excellent North Orange County Location
- Infill Location With Barriers to Entry
- Steady Submarket Rent Growth
- True Value-Add Opportunity
- Three Parcels and Over Two Acres of Land
- Strong Neighborhood Demographics
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