225 W Knepp Avenue, Fullerton

$1,485,000

2 Beds
1 Baths
3,752 Sqft
.15 Acres
4 Garages

The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.

The property offers an attractive unit mix comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, new bathrooms, new garage doors, and new landscaping.

The subject property’s close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 4.25% Cap Rate / 4.90% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.

Essential Information
MLS® #OC20084574
Price$1,485,000
Bedrooms2
Bathrooms1.00
Square Footage3,752
Acres0.15
Year Built1958
TypeResidential Income
StatusActive
Community Information
Address225 W Knepp Avenue
AreaWrigley Area (5)
CityFullerton
CountyOrange
StateCA
Zip Code92832
Amenities
Parking Spaces4
# of Garages4
Interior
# of Stories2
StoriesTwo
Lot Description

Landscaped, Near Public Transit

Additional Information
Date ListedMay 4th, 2020
Days on Market29
Listing Details
AgentGreg Bassirpou(01365951)
OfficeMarcus & Millichap RE Invest
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Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2020 at 11:11pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.