151 W. Southgate Ave., Fullerton, CA 92832
- $1,758,000
- Sold Price
- $1,758,000
- List Price
- $1,788,000
- Closing Date
- Nov 14, 2023
- Status
- CLOSED
- MLS#
- PW23085046
- Year Built
- 1960
- Lot Size
- 5,915
- Acres
- 0.14
- Lot Location
- Rectangular Lot
- Days on Market
- 112
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $114,000
- Operating Expense
- 34385
Listing courtesy of Listing Agent: Gary Tolfa (gary@triqorgroup.com) from Listing Office: Triqor Group.
Listing sold by Michael Ferraiz from The Kennedy Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.