Property Detail

Description

First time on the market since 1977, this pride-of-ownership six-unit apartment property has been family-owned and operated since construction. The well-maintained courtyard-style complex features a desirable unit mix of one (1) one-bedroom/one-bath unit and five (5) two-bedroom units. Ownership has consistently invested in the property over the years, completing extensive upgrades including newer windows, sliding glass doors, flooring, and balcony improvements. The property presents in clean condition with no apparent deferred maintenance. The asset offers ample parking with eight (8) garages, additional open parking spaces, and dedicated storage within each garage. All units are billed through a RUBS utility reimbursement program, providing operational efficiency and expense recovery. Located in an established Fullerton neighborhood surrounded by a balanced mix of multifamily and single-family residences, the property benefits from limited neighborhood congestion and proximity to ongoing area investment and redevelopment. Stable long-term tenancy provides reliable income, while future upside potential exists through rental adjustments and parking income optimization. Excellent opportunity for investors seeking a well-maintained asset with strong ownership history and value-add potential.