420 E. Chapman Ave., Fullerton, CA
Multi-family for Sale - $1,550,000 - 5,500 Sq. Ft. on 8642 acres
Property Info
| CIMLS# | 802335 |
| Location 420 E. Chapman Ave. Fullerton CA 92832 | |
| Updated | June 22nd, 2015 |
| Type | Multi-family |
| Price | $1,550,000 |
| Building | 5,500 Sq. Ft. |
| Land | 8642 acres |
Property Description
Strategically located in one of the strongest rental markets in Orange County and on a corner parcel blocks east of Downtown Fullerton are the Chapman Newell apartments built in 1914 and offer (8) 1 bedroom and 1 bathroom apartments and (2) studio with 1 bathroom apartments. The Chapman Newell apartments offer stability due to their proximity, low expenses and seldom vacancies, located across the street from Fullerton College, approximately 2 miles from both Cal State Fullerton and St. Jude Hospital. This multi-building investment property provides excellent visibility on Chapman Avenue, dedicated parking, strong unit mix and upside to increase rents. Just blocks from all of Downtown Fullerton shops, restaurants, the Fullerton Library, Fullerton Union and Fullerton MetroLink.
Location Description:
Located just east of Downtown Fullerton and the Chapman Avenue / Harbor Boulevard intersection. Across from Fullerton College. East of the 57 Freeway, North of the 91 Freeway.
Highlights:
>> 2 Miles from Cal State Fullerton and St. Jude Hospital
>> Multiple Buildings on Parcel
>> Dedicated Parking for Tenants
>> Low Expenses for Ownership
>> Upside to Increase Rents
>> Strong Rental Market
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Financials
Cash; Cash to New Loan
Sales Info:
>> Commision split: 3.0%
