2024 E Wilshire AVE Fullerton, CA 92831
Pending
$1,850,000
4 Units
10 Beds
8 Baths
4,196 Area(sq.ft.)
8,657 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 2,450 | $ 2,450 | $ 2,595 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,450 | $ 2,450 | $ 2,595 |
| Unit 3 | 1 | 3 | 2 | No | $ 2,580 | $ 2,580 | $ 2,995 |
| Unit 4 | 1 | 3 | 2 | No | $ 2,515 | $ 2,515 | $ 2,995 |
| 4 | 4 | 10 | 8 | $ 9,995 | $ 9,995 | $ 11,180 |
| MLS #: | PW24190142MR |
| Days On Market: | 62 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 441 |
| Price per unit: | $ 462,500 |
| Year Built: | 1963 |
Property Details
Pleased to present 2024 E. Wilshire Avenue in Fullerton. Built in 1963, and situated on over 8,500 square feet of land, this pride of ownership property features a desirable unit mix consisting of (2) two bedroom/two bathroom units and (2) three bedroom/two bathroom units. Some of the property amenities include an onsite laundry facility, private patios, fireplaces, central heat & A/C and (3) 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 4 units and laundry room, and replaced the main electrical panel. Further, the property has been inspected by a licensed contractor and isSB 721 compliant. All the units are individually metered for electricity and gas. This property can be purchased with 2030 E. Wilshire Avenue.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 119,835 |
| Total Annual Expense: | $ 39,611 |
| Net Operating Income: | $ 80,223 |
| Cap Rate: | 4.34% |
| Gross Rent Multiplier: | 14.97 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Central |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Laundry: | Community |
| Laundry Equipment: | Own |
| Laundry Income: | 3600.00 |
Exterior
| Pool: | No |
Detailed Map
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