MLS® ID: TR19162188
300 N Mountain View Place
Fullerton, California, 92831 $1,980,000
* Orange County Great Location in City of Fullerton . The Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. No Rent Control . 100% Fully Occupied . Two-Story 7-Unit Apartment Building is Located in a Quiet and Rental Desirable Neighborhood in City of Fullerton . Corner Lot which is At The Corner of 300 N. Mountain View Place & 2001 E. Wilshire Avenue. Inside Total 4,327 Sq.ft. Newer Paint. Newer Windows and Most of the Units have been Fully Renovated . All One Bedroom with One Bath, Monthly Rent ( $1,595 /$ 1,450 /$ 1,350 /$ 1,020 /$ 1,350 /$ 1,350 /$ 1,495) with Individually Meters for Gas And Electricity. Annual Gross Income Approx. $ 118,704, Annual Expense includes Property Tax ,Insurance is Approx . $ 36,732. Annual Net Operating Income Approx. $ 81,972. Performa Annual Rental Income will be $ 137,820. Landlord Only Pays the Water / Trash / Laundry Gas / Gardner / Property Tax / Insurance. Separate On-Site Coin-Operated Laundromat For Addition Laundry Income. Detached 7 Enclosed Single-Car Garages on the Side Which can be Rented $ 100 Per Month Additional for Extra Rental Income. School Across the Street. Short Distance to Cal State Fullerton, 57 FWY & 91 FWY, Schools, Shopping, Restaurants & Parks.Tenants with a " Month-To-Month " Rental Agreement Which Provides An Investor the Opportunity to Adjust the Rent. Great investment opportunity For The Investor who Wants to Keep this property as a Long Term Investment.