Investment rental opportunity close to Cal State Fullerton College. Building can be used as income producing property. Building is allowed to be used for student housing or multiple tenants under one lease agreement (can not be separate contracts). This would allow up to 12 residents under current UHC codes. Gardner has maintained the property for the past 20 years, and grounds are pristine, with high trees and shrubs to create a secluded, and peaceful environment. Plenty of parking on the grounds, with potential to add additional parking (already reviewed and agreed upon by the city). There are three additional buildings on the grounds that are used for a garage, an exterior office and maintenance room, and a metal shed for storage. Property has ADT secure system in place. Residence can also be used for sober living facility without conditional use permit, and without additional regulations from the city due to California privacy laws. Owner is working with a Fullerton Heritage non-profit to re-vitalize this historical building and grounds. They are currently replacing the existing windows with the correct historical windows and using a leading restoration company. This is already paid by the owner. The Fullerton Heritage is also committed to use their resources to apply for the national historical registry, which would allow tax credits to the new owner.
0-1 Unit/Acre, Lot 20000-39999 Sqft, Lot-Level/Flat
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