Property listed by Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati 866-889-0550
$1,850,000
We are pleased to offer the opportunity to acquire 2631 Andover Ave, a 4-unit Covington style apartment building located in a highly desirable neighborhood in Fullerton, just half a mile from Cal State Fullerton. Built in 1964, this 4,302 SqFt property on a 7,211 SqFt lot offers strong fundamentals and… Read More an attractive unit mix consisting of one (1) three-bed, two-bath unit, two (2) two-bed, one and a half-bath townhome units, and one (1) two-bed, one-bath unit. The parking consists of two (2) double-car and two (2) single-car remote controlled garages. The building itself features a new, a recent deck replacement for Unit 4, upgraded central HVAC in Unit 1, and a fresh paint job that ties into its unique curb appeal. Select units have private patios and also underwent interior upgrades, including modernized kitchens and bathrooms, granite countertops, and luxury vinyl plank and ceramic tile flooring. The property is individually metered for electricity/gas and utilizes a RUBS Program that minimizes operating expenses. 2631 Andover Ave presents a rare opportunity to acquire a well-maintained, turnkey asset with stable in-place income, offering rental upside at approximately 14%. This provides investors with the chance to increase cash flow through interior renovations, rental repositioning, or expansion potential. Surrounded by major business parks, shopping centers, restaurants, and entertainment, with easy access to the 5, 57, 90, and 91 freeways and strong rental demand, this property represents an exceptional investment and long-term appreciation potential in one of Fullerton's most sought-after neighborhoods. This is a great opportunity to own a quality multifamily property in Orange County. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
9
3/4 Baths
7
Square Ft.
4,302
Lot Size
0.17 Acres
Year Built
1964
MLS Number
26107367
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1964, Living area: 4302.0, 1 building, 2 stories, Levels: Two
Cooling
CentralAir
Garage
6 spaces
Heating
Central
Income
Gross Income: $124,020, Net Operating Income: $86,312
Lot
0.1655 acres, Dimensions: 70x103
Parking
6 total parking spaces, DoorMulti, DoorSingle, Garage
Taxes
Parcel Number: 33709106
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
