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31722764
31722793

912 E Commonwealth Ave, Fullerton, CA 92831 For Sale

AW
CA 01908153
BUCKINGHAM INVESTMENTS
JE
CA CA02035659
BUCKINGHAM INVESTMENTS
Listed by BUCKINGHAM INVESTMENTS
$1,275,000
92 days on market
Updated 92 days ago

912 E Commonwealth Ave

Details
APN 03318203
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,250
Units 3
Cap Rate 3.71%
NOI $47,313
Occupancy 66%
Pro-Forma Cap Rate 3.79%
Pro-Forma NOI $48,385
Price per SqFt $567
Broker Co-Op Yes
Class C
Year Built 1923, 2022
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 4,400
Investment Type Stabilized

Multifamily | 3 Units | $425,000/unit

Marketing description

Perfect move-in ready house plus 2 ADUs in an excellent Fullerton location. Detached 2 bed, 1 bath SFR completely remodeled in 2021 with new kitchen, bathroom, windows, finishes, AC, laundry, and overhead lighting. Two new 2 bed, 1 bath ADUs in rear built in 2022 , also with modern finishes, open concept floor plans, AC and in-unit laundry. Parking lot for 4 cars off street. Separately metered for gas and electricity plus solar panels on ADUs. In-place rent from ADUs can nearly cover your mortgage at $2300 each. Turnkey, low maintenance property perfect for a start investment property. Excellent Fullerton location only minutes away from Downtown, Fullerton College, and Chapman University. Outdoor amenities nearby in the Fullerton Arboretum, Craig Regional Park, Fullerton Sports Complex, and numerous golf courses. Convenient transit access located only minutes away from the 91 and 57 freeways. Very walkable location with a walk score of 80.

Listing Contacts

AW
CA 01908153
BUCKINGHAM INVESTMENTS
JE
CA CA02035659
BUCKINGHAM INVESTMENTS
Listed by BUCKINGHAM INVESTMENTS

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$47,313.00
$3,942.75/mo

Valuation Metrics

0
DSCR
3.71%
Cap Rate
3.71%
ROI

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Additional Information

Name
Anthony Walker
License
01908153
Brokerage
Buckingham Investments
Title
Real Estate Broker
Brokerage Address
1304 El Prado Avenue, Suite C, Torrance, CA 90501
Name
Josh Ess
License
CA02035659
Brokerage
Buckingham Investments
Title
Broker Associate
Brokerage Address
1304 El Prado Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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