SVN Vanguard is please to bring to market a two story 6 unit apartment building in a highly desirable Fullerton neighborhood. The Porter Avenue Villas in located in a beautifully manicured culd-e-sac and is 100% occupied with a mixture of long term and new tenants, all of which are on month-to-month agreements providing an investor the opportunity to increase rents and immediately increase return.
All featured units are composed of 2 BD & 1BA floor plans that are spacious and well designed with the ground floor units boasting outdoor patios. The current owner has installed a circulation pump for the hot water heater to assist in distributing the hot water to all tenants in a timely manner. Additionally, there are (3) 2-car garages accessible by the alley. This building is located within an excellent rental location and boasts historically low vacancy rates with ability to drastically increase rents.
The Porter Avenue Villas have 7 electric meters, 1 water and 1 gas meter. Landlord expenses include common expenses and include water, gas and trash services. All tenant specific units are separately metered for electricity.
The Porter Avenue Villas are located near the cross streets of Euclid Street and Orangethorpe Avenue and within walking distance to multiple retail shopping center destinations, the 91 Freeway onramp and close proximity to Downtown Fullerton and all its amenities. Coupled with its close proximity to many Southern California's family destinations such as Disneyland, Los Angeles Angels of Anaheim Stadium, Honda Center, Knott's Berry Farm and many more.
