1909 E Wilshire Ave 14 Unit Apartment Building $3,500,000 ($250,000/Unit) 5.50% Cap Rate Fullerton, CA 92831

BANKRUPTCY COURT SALE (NOT SHORT SALE OR BANK OWNED/REO)
Marcus & Millichap and Berkshire Hathaway, as the exclusive co-listing agents, are pleased to present the opportunity to acquire the Wilshire Apartments, a 14-unit multi-investment property located at 1901-1909 E. Wilshire Avenue in Fullerton, California.
Situated on two adjacent and individually parceled lots, each building consists of 7 multi-family units. All the units are one bedroom / one bathroom with an estimated unit size of 535 square feet. Each building is two stories, has an on-site laundry facility and one central water heater. Select units have received upgraded flooring and kitchens at said property.
The Wilshire Apartments offers its tenants a total of 14 single car enclosed garages and a large open courtyard. Each unit is each individually metered for electricity and the landlord is responsible for water/ sewer, trash, and gas.
The property’s close proximity to California State Fullerton College and Downtown Fullerton ensures a consistent rental base and strong rent growth trajectory. The area features an array of amenities—restaurants, grocery stores, entertainment venues, and public transit—within short distance. This opportunity is ideally suited for private investors or exchange buyers seeking a well-located, mid-scale Orange County apartment asset.

Listing Remarks:
1. *Bankruptcy sale. Prior to scheduling a tour of the property, please provide proof of funds or pre-commitment/ approval letter (if financing is required), Corporate Documents, and the names of principals who will be touring. (Bankruptcy Requirements)
2. ***BANKRUPTCY COURT SALE (NOT SHORT SALE OR BANK OWNED/ REO)*** SALE IS CONTINGENT ON TRUSTEE/BANKRUPTCY COURT APPROVAL- $300,000 EMD CASHIER'S CHECK TO BE DEPOSITED W BANKRUPTCY TRUSTEE UPON COMPLETION OF INSPECTIONS/DUE DILIGENCE & REMOVAL OF CONTINGENCIES. PROPERTY IS IN GOOD CONDITION & SOLD 'AS-IS' WITHOUT REPAIRS, WARRANTIES OR REPRESENTATIONS BY SELLER. ***SQUARE FOOTAGE IS ESTIMATED - BUYER TO CONFIRM THROUGH THEIR OWN INVESTIGATIONS***THE PURCHASER SHALL, AT THE PURCHASER'S SOLE EXPENSE, INSTALL ALL SMOKE AND CARBON MONOXIDE DETECTORS, IF ANY, AS MAY BE REQUIRED BY STATE OR LOCAL LAW. THE TRUSTEE IS NOT REQUIRED TO DELIVER TO THE PURCHASER A WRITTEN STATEMENT OF COMPLIANCE WITH ANY APPLICABLE STATE AND LOCAL LAW.***THE PURCHASER SHALL, AT PURCHASER'S SOLE EXPENSE, OBTAIN ALL PEST CONTROL INSPECTION REPAIRS THAT PURCHASER DEEMS APPROPRIATE.***IF ANY LOCAL ORDINANCE REQUIRES THAT THE PROPERTY BE BROUGHT INTO COMPLIANCE WITH MINIMUM ENERGY CONSERVATION STANDARDS AS A CONDITION OF SALE OR TRANSFER, THE PURCHASER SHALL COMPLY WITH AND PAY FOR THESE REQUIREMENTS AT PURCHASER'S SOLE EXPENSE.***THE BANKRUPTCY COURT SHALL HAVE EXCLUSIVE JURISDICTION TO RESOLVE ANY AND ALL DISPUTES.***
3. SHOWING CONTACT: Clarence Yoshikane (714) 606-5765,
Email: clarence.yoshikane@gmail.com
4. OFFER PACKAGE REQUESTS: Jennifer Toyama (714) 501-7132,
Email: j_toyama@verizon.net
5. Please do not disturb tenants, walk and/or talk to anyone at the property.
For further information, please contact the listing agents.