Fullerton, CA 92832,631 W Commonwealth AVE
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Fullerton, CA 92832,631 W Commonwealth AVE
Fullerton, CA 92832,631 W Commonwealth AVE
Fullerton, CA 92832,631 W Commonwealth AVE
Fullerton, CA 92832,631 W Commonwealth AVE

$1,125,500

Est. payment /mo

$1,170,000

3.8%
Est.Price: ?

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631 W Commonwealth AVE Fullerton, CA 92832

6,969 Sqft Lot

SOLD DATE : 02/21/2020

Key Details

Sold Price $1,125,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID PW19282225

Sold Date 02/21/20

HOA Y/N No

Year Built 1949

Lot Size 6,969 Sqft

Property Description

This is a well located single-story, modern ranch style four-plex in the coveted city of Fullerton, California. The SoCo area is less than half a mile from this property as tenants enjoy a variety of shopping, dining and entertainment establishments in addition to this areas coveted educational institutions and thriving job market. The opportunity is competitively priced while it boasts a 4.4% cap rate on current rents and offers upside. This property is meticulously maintained and offers fantastic curb appeal. Each of the units are large one bedroom, one bathroom apartments; and the building includes four single-car garages. Three of the garages are rented to off-site tenants for storage (with month-to-month lease agreements) providing the investor with additional cash-flow. This is truly an easy to operate, high performing multifamily investment property offered in a high rent demand location. Available with historically low 30-Year fixed rate residential financing; up to 75% LTV. Offers shall be subject to interior inspection; please do not disturb the tenants.

Location

State CA

County Orange

Area 83 - Fullerton

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 03207325

Energy Description 20.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Sacks • Coldwell Banker Res. Brokerage
Bought with Michael Sacks • Coldwell Banker Res. Brokerage
agent

Julian Esparza

Realtor | License ID: 02074599

+1(619) 382-0383

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