MLS® ID: OC19202193

2117 Teri Place

Fullerton, California, 92831

$1,565,000 Active
  • - SQFT
The Teri Place 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 consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 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, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room. Teri Place’s close proximity to Cal State 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 5.5% Cap Rate /10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.
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Listing courtesy of Marcus & Millichap RE Invest

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92831
  • Office name
    Marcus & Millichap RE Invest
  • SQFT
    0
  • Bedrooms
    0
  • Year built
    1964
  • Lot size
    6966.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Greg Bassirpou
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    H05626
  • Agent ID
    SBASSGRE

Location

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