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2625 Andover Ave
Fullerton, CA 92831
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix – 75% 2-Bedroom and 25% 3-Bedroom Units
- Desirable Fullerton Location – Minutes Away from Cal State Fullerton
- On-Site Laundry Room Generating Additional Income
- Oversized Floorplans – Average Unit Size Over 1,000 SF
- Garage Parking – 2 Double Car Garages and 2 Single Car Garages
- Private Patios and Balconies for Each Unit
EXECUTIVE SUMMARY
Kirklen Investment Group proudly offers the opportunity to acquire 2625 Andover Avenue, a 4-unit multifamily investment property located in the city of Fullerton. Built in 1964, the subject property offers an attractive mix of one (1) Two-Bedroom/1-Bathroom Unit, two (2) Two-Bedroom/1.5-Bathroom Units, and one (1) Three-Bedroom/2-Bathroom Unit. Each unit is separately metered for Gas and Electricity, sprawls over 1,000 square feet of living space, offers a private patio or balcony and a garage parking space. Additionally, the subject property has an on-site laundry room generating additional income.
2625 Andover Avenue is perfectly located in a quiet, well-manicured neighborhood that is only a few minute walk from California State University Fullerton. The bright and mature landscape in the neighborhood offers a peaceful and serene living space for the residents. The subject property is also conveniently located just off the 57 Freeway which offers quick access to the greater Orange County and Los Angeles County areas. Just a few minute drive from the subject property are a handful of parks and shopping centers that will cater to the entire variety of the resident’s needs.
2625 Andover Avenue is perfectly located in a quiet, well-manicured neighborhood that is only a few minute walk from California State University Fullerton. The bright and mature landscape in the neighborhood offers a peaceful and serene living space for the residents. The subject property is also conveniently located just off the 57 Freeway which offers quick access to the greater Orange County and Los Angeles County areas. Just a few minute drive from the subject property are a handful of parks and shopping centers that will cater to the entire variety of the resident’s needs.
PROPERTY FACTS
| Price Per Unit | $537,500 | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Low-Rise |
| Cap Rate | 3.61% | Building Class | C |
| Sale Condition | 1031 Exchange | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 17.9 | Building Size | 8,015 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Price Per Unit | $537,500 |
| Sale Type | Investment |
| Cap Rate | 3.61% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,015 SF |
| No. Stories | 2 |
| Year Built | 1964 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Wi-Fi
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 337-091-05 | Improvements Assessment | $128,899 |
| Land Assessment | $28,884 | Total Assessment | $157,783 |
PROPERTY TAXES
Parcel Number
337-091-05
Land Assessment
$28,884
Improvements Assessment
$128,899
Total Assessment
$157,783
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