735 Barris Dr 3 Unit Apartment Building Offered at $1,775,000 at a 7.16% Cap Rate Fullerton, CA 92832

Trophy neighborhood in the quiet area of Fullerton known as Golden Hills. Legally Three units There are two other unpermitted units. One unit recently upgraded (see photos) Projected rents see below. Lot is over 9100 sq ft. 3 separate garages and 3 parking spaces plus one tandem parking area equals 4 outside parking off the alley. Community laundry room and good sized back yard accessed by 3 units. It could be developed to allow for private patios giving it a plus value for future rents. Roof, stucco and wood siding and front landscaping in good condition. Some windows are newer. Very close to all that Fullerton has to offer. Downtown Fullerton is vibrant with businesses, restaurants, pubs and social life. Close to Cal State Fullerton Collage, Commuter Train and Freeways. Room for possibly up to two ADU units on garages. Subject to cacellation of current escrow.The rents of the currently vacant ADU's are part of the projections. This property qualifies to have the ADUs completed with the city of Fullerton and rented.