1107 W Porter Avenue, Fullerton, CA 92833

$1,550,000
List Price
$1,550,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW17236713
Year Built
1960
Lot Size
7,405
Lot Location
Cul-De-Sac, Front Yard, Landscaped, Lot 6500-9999, Near Public Transit, Sprinkler System, Yard
Days on Market
57
Property Type
Multifamily
Stories
Two Level
Neighborhood
Other (Othr)

Property Description

A two story 6 unit apartment building in a highly desirable Fullerton neighborhood. The Porter Avenue Villas is located in a beautifully manicured culd-e-sac and is 100% occupied all of which are on month-to-month agreements providing an investor the opportunity to increase rents and immediately increase return. All featured units are composed of 2 BD & 1BA floor plans that are spacious and well designed with the ground floor units boasting outdoor patios. The current owner has installed a circulation pump for the hot water heater to assist in distributing the hot water to all tenants in a timely manner. Additionally, there are (3) 2-car garages accessible by the alley. This building is located in an excellent rental location and boasts historically low vacancy rates with ability to drastically increase rents. The Porter Avenue Villas have 7 electric meters, 1 water and 1 gas meter. Landlord expenses include common expenses and include water, gas and trash services. All tenant specific units are separately metered for electricity. The Porter Avenue Villas are located near the cross streets of Euclid Street and Orangethorpe Avenue and within walking distance to multiple retail shopping center destinations and the 91 Freeway onramp. Close proximity to many Southern California's family destinations such as Disneyland, Los Angeles Angels of Anaheim Stadium, Honda Center, Knott's Berry Farm and many more.

Additional Information

Tract Number
3238
Lot Description
Curbs, Sidewalks, Street Lighting
Pool Description
None
Roof
Shingle
Garage Spaces Total
6
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Cameron Irons from SVN / Vanguard

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.