Description

Situated in one of Fullerton’s most desirable residential pockets, this well-maintained apartment building offers a rare blend of location, quality upgrades, and future income growth. Nestled on a quiet street predominantly composed of single-family homes, the property benefits from a highly attractive tenant environment while still being within walking distance to the vibrant amenities of Downtown Fullerton, Fullerton College, and directly adjacent to Fullerton High School. The property has undergone extensive recent renovations, providing a turnkey investment opportunity with modernized interiors throughout. Each unit has been thoughtfully upgraded with new lighting fixtures, fully remodeled kitchens featuring updated cabinetry and appliances, and refreshed bathrooms with contemporary finishes. Interiors have been further enhanced with new texture and paint, creating a clean, cohesive, and modern living space across all units. Flooring has been upgraded with a combination of newer vinyl plank and carpet, offering both durability and comfort. Additionally, the building benefits from replaced windows, improving both energy efficiency and overall tenant appeal. Copper plumbing has also been done in recent years. Exterior improvements have also been completed, including a full restucco and repaint in 2022, significantly enhancing curb appeal and reducing near-term maintenance requirements. The property has also been professionally landscaped, contributing to an inviting and well-kept appearance that stands out within the neighborhood. From an investment standpoint, the asset presents a compelling opportunity for continued income growth. Current rents remain below market, offering clear upside potential for a new owner to increase cash flow over time. This makes the property ideal for both seasoned investors seeking stable returns with value-add potential, as well as newer investors looking for a strong, low-maintenance asset in a high-demand rental market. With its prime location, comprehensive renovations, and rental upside, this Fullerton apartment building represents a rare opportunity to acquire a high-quality multifamily asset in one of North Orange County’s most sought-after rental markets.