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27767649
27767650

134 S Pritchard Avenue, Fullerton, CA 92833 For Sale

MB
CA 01316702
Matthews
Listed by Matthews
$5,800,000
271 days on market
Updated 11 days ago

134 S Pritchard Avenue

Details
APN 03008607
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,750
Net Rentable (SqFt) 11,750
Units 17
Cap Rate 5.59%
NOI $324,156
Occupancy 100%
Pro-Forma Cap Rate 6.06%
Pro-Forma NOI $351,680
Price per SqFt $494
Broker Co-Op Yes
Class C
Year Built 1954
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.460
Zoning Assessor
Parking Spaces 24 spaces
Parking per 1,000 SqFt 2.04
Investment Type Stabilized
Ownership Fee

5.6 CAP! | 11.8 GRM! | 17 Units | Fullerton | Nicely Maintained

Marketing description

We are pleased to offer 134 S Pritchard Ave, located in Fullerton, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1954, the property had a major interior and exterior renovation in 2022. The complex has a great unit mix of fifteen two-bed one-bath units, one three-bed one-bath unit, and a non-conforming one-bed one-bath unit. The Non-Conforming Unit is In Process of becoming Conforming. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. Each unit is separately metered for gas and electricity. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new front gate, new landscaping, newly paved parking lot, some new fencing and paint, new wall air conditioning, and new double pane vinyl windows. The complex is conveniently located just 2 miles from Knotts Berry Farm, Knotts Soak City, Medieval Times, Pirates Adventure, Portillo's Bakery, and the Buena Park entertainment zone.

Investment highlights

  • Great Unit Mix: 17 Total = 15 - two-bed/one-bath units, 1 - three-bed/one-bath unit, and 1 - non-conforming one-bedroom/one-bath unit. All are separately metered for gas and electric.

  • Located Next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, The Source OC Shopping Mall, Beach Blvd, The 5 Freeway and 91 Freeway Interchange.

  • Also Conveniently Located Just 2 Miles From Knotty Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, Portillo’s Bakery, and the Buena Park Entertainment Zone.

  • Well-Located, Turnkey Investment With Good Curb Appeal, Covered Parking, Interior Courtyard, Gated & Sparkling Swimming Pool and On-Site Laundry Room.

  • All Units Have Been Renovated to Varying Degrees, Ranging From New Flooring, New Quartz Counter Tops and Refaced Cabinets, New Lighting, New Kitchen and Bath Sinks, New Stovetop Ovens and Hoods, and New Paint.

  • Major Exterior Renovation in 2022 Includes: New Stucco and Paint, New Front Gate, New Landscaping, Parking Lot Asphalt Approximately 1 Year Old, Some New Fencing and Paint, New Wall Air Conditioning, New Double Pane Vinyl Windows, Roof Approximately 5 Years Old.
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Listing Contacts

MB
CA 01316702
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$324,156.00
$27,013.00/mo

Valuation Metrics

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DSCR
5.59%
Cap Rate
5.59%
ROI

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Additional Information

Name
David Harrington
License
02168060 (CA)
Title
Broker of Record
Name
Mark Bridge
License
01316702
Brokerage
Matthews REIS
Title
Executive Vice President
Brokerage Address
3161 Michelson Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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