2024-30 E Wilshire Avenue

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Address: 2024 E Wilshire Ave, Fullerton, CA 92831, USA
Created date: August 28, 2024
Date last updated: September 5, 2024
  • Two Side-By-Side Fourplexes with Separate Parcels
  • All 2-Bedroom and 3-Bedroom Units
  • New Electrical Panels
  • SB721 Compliant
  • Garage Parking (1.5:1 Parking Ratio)
  • Excellent Fullerton Location Near Cal State Fullerton
  • First Time on the Market in Over 55 Years
  • ADU Potential

Property Description

Morgan Skenderian, Inc., is pleased to present this unique opportunity to acquire two side-by-side fourplexes (on separate parcels) in Fullerton. Built in 1963, and situated on over 16,000 square feet of land, this pride of ownership property features a desirable unit mix consisting of (4) two bedroom/two bathroom units and (4) three bedroom/two bathroom units. Some of the property amenities include (2) onsite laundry facilities, private patios, fireplaces, central heat & A/C and (6) double-car garages for a 1.5 to 1 parking ratio. This property has been professionally managed and meticulously maintained for years, and, just recently, current ownership installed all new electrical sub panels for all 8 units and each laundry room, and replaced the main electrical panel. Further, both buildings have been inspected by a licensed contractor and are SB 721 compliant. All of the units are individually metered for electricity and gas. Phenomenally located within the city of Fullerton, these properties are located just over 1 mile from Cal State Fullerton, Downtown Fullerton, Fullerton Train Station and Fullerton College, providing strong rental demand for the property. Additionally, the property is centrally located near State Route 91 and State Route 57, allowing for ease of access to regional employment hubs in Los Angeles and Orange County.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,700,000
No. of Units: 8
Year Built: 1963
Lot Size: 0.39 Sq ft
Opportunity Zone: No
Price per unit: $462,500
Property Website Click Here
Address: 2024 E Wilshire Ave, Fullerton, CA 92831, USA
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