MLS Search

Sold Date5/15/2021
Closed

2040 Associated RoadFullerton, California CA92831-1671

Listing IDPW21069338

4,527 SqFt 0.170 Acres

$1,615,000

Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).
Data services provided by IDX Broker
Category:
Tags:
{"page":"listing","idxID":"d025","listingID":"PW21069338","extra":"2040-Associated-Road","type":"detailsContact"}
https://www.brettlawyer.com
details.php
https://search.brettlawyer.com
details