Historical Multifamily Sale Listing - Sunset Pointe

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Fullerton, CA or California

Sunset Pointe

1830 W. Commonwealth Ave., Fullerton, CA 92833

N/A

148 Units | Multifamily

  • Print

Multifamily Property - Off Market

Price:
N/A
No. Units:
148
Building Size:
58,748 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.42%
Gross Rent Multiplier:
8.56
No. Stories:
2
Year Built:
1962
Lot Size:
2.05 AC
APN / Parcel ID:
030-210-07, 10, & 21
Listing ID
16702238
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 1830 W. Commonwealth Ave., Fullerton, CA 92833 (Orange County)

Research for 1830 W. Commonwealth Ave., Fullerton, CA 92833 (Orange County)

  • Demographics – Population, income & other demographics near 1830 W. Commonwealth Ave.
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building