300 N Mountain View Pl
Fullerton, CA 92831
Multifamily Property For Sale · 7 Units

The site address (APN 269-093-08) on this two-story 7 unit apartment building is 300 N. Mountain View Place, Fullerton. The address shown on the building is 2001 E. Wilshire Ave, which is also how the post office has its mailing address. 100% occupied two-story 7 unit apartment building is located in a rental desirable Fullerton neighborhood near Cal State Fullerton. All units feature 1 bedroom and 1 bathroom with separately meters for gas and electricity. A large fenced grassy area for various recreational uses and the front unit has its own fenced yard. There are 7 assigned single-car garages and an on-site coin-operated laundromat that provides addition income for the investor. Landlord expenses include trash, gardener, water, gas & electric for the common area. The building is located within an excellent rental location with low vacancy rates. Current rent rates are below market rate since the tenants have been living there before the current owner acquired the building. The month-to-month rental agreements provide an investor the opportunity to increase rents. The apartment building is situated at the corner of N. Mountain View Place & W. Wilshire Ave. South of E. Chapman Ave. and North of E. Commonwealth Ave. Short distance to Cal State Fullerton, walking distance to schools, shopping, restaurants & parks. Easy access to 57 freeway and 91 freeway.