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2024 E Whiting Ave 6 Unit Apartment Building $2,275,000 ($379,167/Unit) 4.62% Cap Rate Fullerton, CA 92831
Investment Highlights
- Pride of Ownership 6 Units in Fullerton
- Over $200,000 in Upgrades
- Located Blocks from CSUF and under 2 Miles from Downtown Fullerton
- Attractive Mix of (4) 2BD/1BA and (2) 1BD/1BA
- ADU Potential
Executive Summary
Morgan Skenderian is pleased to present 2024 E. Whiting Avenue, a pride of ownership 6 unit apartment complex in the city of Fullerton. Over the past few years, current ownership has invested over $200,000 in upgrades. Five of the six apartments have been renovated, the exterior has been painted giving it a modern aesthetic, new windows were installed, and the landscaping was replaced with beautiful, drought tolerant turf and rose bushes. Tenant amenities include gas cooking, wall heating, garage parking, an onsite laundry facility, and a gated court yard with tables and chairs. Renters also benefit from the property’s proximity to Downtown Fullerton (approximately 2 miles) and Cal State Fullerton University (approximately 1 mile) as wells it’s convenient access to the 57, 91 & 5 Freeways allowing expedient travel throughout Orange & Los Angeles County. Finally, new ownership will have the ability to add up to two ADUs on the subject property which will add immediate value to this well located, turnkey asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $379,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.62% | Building Size | 4,660 SF |
| Gross Rent Multiplier | 14.68 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Zoning | R-3, Fullerton | ||
| Price | $2,275,000 |
| Price Per Unit | $379,167 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 14.68 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,660 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R-3, Fullerton |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,925 | 700 |
| 2+1 | 4 | $2,246 | 800 |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 269-093-03 | Total Assessment | $1,931,398 |
| Land Assessment | $1,750,993 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $180,405 | Tax Year | 2025 |
Property Taxes
Parcel Number
269-093-03
Land Assessment
$1,750,993
Improvements Assessment
$180,405
Total Assessment
$1,931,398
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2024 E Whiting Ave
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