Shield Commercial Real Estate is proud to present this 5,136-square foot, six-unit apartment property located at 1320 Peckham Street in Fullerton, California. This non-rent controlled asset is of close proximity to the many retail shops, grocery stores and restaurants of Orangethorpe Avenue and Commonwealth Avenue. The property is also nearby Downtown Fullerton, St. Jude Medical Center, Fullerton Town Center, and California State University Fullerton. Bordered by the 5 and 91 Freeways, the investment possesses immediate transit to the many neighboring employment centers of Orange County.
Situated on a large 11,520-square foot lot, the offering boasts an outstanding unit mix of one three-bedroom/two-bathroom unit and five two-bedroom/two-bathroom units. Each unit has washer/dryer hook-ups, hvac, individual hot water heaters, updated laminate flooring , and either a private balcony or private patio. There are five two-car garages and a total of thirteen parking spaces. The property is gated and has a security camera system. Furthermore, the building contains some newer windows and is individually metered for gas and electricity.
1320 Peckham Street provides an investor with the opportunity to own a 1980’s vintage property in the dense Fullerton rental market. The building is a turnkey asset and presents legitimate rental upside. The asset has a pro-forma cap rate of 5.14% and a pro-forma GRM of 13.47.
