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- LoopNet Team
225 W Knepp Ave
Fullerton, CA 92832
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- 100% Large Two-Bedroom Units
- Close to Cal State Fullerton, Downtown Fullerton, Major Retail, & Employment
- On-Site Laundry Room
- Recent Extensive Renovations & Upgrades of Interiors & Exterior
- Low Expense Building / Separately Metered for Gas & Electricity
- On-Site Parking / Enclosed Garages
PROPERTY FACTS
| No. Units | 4 | Building Size | 3,752 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,752 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Yard
SITE AMENITIES
- Laundry Facilities
ABOUT 225 W KNEPP AVE , FULLERTON, CA 92832
The Knepp Avenue 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 comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 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, new bathrooms, new garage doors, and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown 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 4.25% Cap Rate / 4.90% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California. **See full Marketing Package attached.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,925 | 938 |
PROPERTY TAXES
| Parcel Number | 073-071-05 | Improvements Assessment | $156,060 |
| Land Assessment | $1,456,560 | Total Assessment | $1,612,620 |
PROPERTY TAXES
