Address
2040 Associated Road Fullerton, CA
Price
$ 1,589,000
Property Attributes
  • MLS#PW21069338
  • TypeContingent
  • CountyORANGE
  • CityFullerton
  • AreaFullerton
  • NeighborhoodUniversity Villas
  • Zip92831
  • Style
  • Price$ 1,589,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Michael Sacks with Coldwell Banker Realty.
Data Source:
CRMLS
Property Description

Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).

Price History
4/2/2021 Listed $1,589,000

General Features

Appliances Dryer, Washer
Community Features Curbs
Levels Two
MLS Area 83 - Fullerton
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Subdivision Name University Villas (UNIV)
Terms Cash, Cash to New Loan
Total Units 4

Interior Features

Common Walls No Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.17
Lot Size Area 7405
Lot Size Source Owner
Lot Size Square Feet 7405
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92831

Price
AVG $1.16M
$1.59M
Visits
AVG 185
5
Year Built
AVG 1964
1964
Walkscore
AVG 49
30
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover