MLS® ID: PW19192263
2655 Andover Avenue
Fullerton, California, 92831 $1,399,000
Active Under Contract
This 4plex investment opportunity is uniquely located in the highly-rated Troy High School district and is a quick stroll or roll to Cal State Fullerton University. Not located in Fraternity Row. This is a solid income producing unit mix of one 3 bedroom/2 bath, two townhouse-style 2 bedroom/1.5 baths and one 2 bedroom/1 bath unit above the garages. The smart building layout means that there aren’t any stacked units.
Each unit features private patio space and parking includes 6 garages plus 4 parking spots in front of the garages. The convenient onsite laundry room generates additional income. Units are separately metered for gas and electric. A rehab project on the slab foundation was just completed and the contractor includes a 30-year warranty.
There is convenient nearby access to the 57 within in a mile. There is big upside in rents and all residents are currently month-to-month. This building could potentially be operated as a turnkey co-living space to dramatically increase income.