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- LoopNet Team
2040 Associated Rd
Fullerton, CA 92831
University Adjacent Four-Plex · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Building Size | 4,527 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2005 |
| Building Class | C | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2005 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 2040 ASSOCIATED RD , FULLERTON, CA 92831
This is a location is phenomenal as the property demands high rents from students who attend the prestigious California State University, Fullerton and Marshall B. Ketchum University. This property is in fair condition with upgrades completed shortly after it was purchased by this Seller back in 2003. It is an all electric building. Most of the windows are dual-pane glass and some of the interiors have upgraded counter tops and other finishes. The current tenants have been occupying the building for many years. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms. STUDENT HOUSING: A discerning operator may be able to lease the space on a per-bed or per-bedroom basis at a substantial increase. This style of operations would likely increase the expenses and should produce a higher profit margin. This property also offers fantastic exposure on Associated Road making advertising easier. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $2,600 | - |
| 2+2 | 2 | $1,750 | - |
PROPERTY TAXES
| Parcel Number | 337-094-01 | Improvements Assessment | $174,073 |
| Land Assessment | $1,574,054 | Total Assessment | $1,748,127 |
PROPERTY TAXES
