The Knepp Apartments is a 4 unit multifamily property ideally located just a few blocks away from the popular Downtown Fullerton in North Orange County. The subject property possesses an ideal unit mix of four two bedroom, two bath 4 (2+1) units; tenant amenities include: garage parking and on site laundry facility. The units are separately metered for gas & electric for low landlord expenses, while the onsite laundry room provides additional landlord income. Currently the subject property is occupied by long term tenants on a month-to-month basis with approx 23% upside in rents from the current level to the market levels. The Knepp Apartments boast a tremendous location across the street from the Costco Center/AMC Fullerton 22 Theaters, numerous retail and restaurants and wallking distance to the downtown Fullerton transportation corridor including the Amtrak & Mertolink station and Bus Depot. Additionally, the 91 freeway on-ramp is located within 3/4 of a mile from the subject property providing quick access to the 91, 5 and 57 freeways for commutes to numerous Orange County and LA County employment centers.
