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2117 Teri Pl
Fullerton, CA 92831
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 4,527 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Zoning | R3, Fullerton | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,527 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R3, Fullerton |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 2117 TERI PL , FULLERTON, CA 92831
The Teri Place Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles. The property offers an attractive unit mix consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room. Teri Place’s close proximity to Cal State Fullerton provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 5.50% Cap Rate /10.10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,200 | 1,013 |
| 3+2 | 2 | $2,600 | 1,250 |
PROPERTY TAXES
| Parcel Number | 337-092-09 | Improvements Assessment | $160,969 |
| Land Assessment | $1,452,156 | Total Assessment | $1,613,125 |
PROPERTY TAXES
