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Multifamily

124 West Truslow Avenue

124 West Truslow Avenue, Fullerton, CA 92832

Listing Price: $1,900,000

Cap Rate
4.30%
Number of Units
5
GRM
15.21
Price/Unit
$380,000
Price/Gross SF
$488.81
Gross SF
3,887

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 124 West Truslow Avenue, a 5-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County, California.

Built in 1992, the property offers a highly desirable mix consisting of 1, one-bedroom unit and 4, two-bedroom units, of which 2 are townhomes. Amenities include ample surface and garage parking, private patios or balconies, and an on-site laundry facility.

124 West Truslow Avenue is located within walking distance of Downtown Fullerton, placing residents moments away from a wide variety of shopping, dining, and entertainment options. Additionally, the property is just over 0.30 miles from three regional shopping centers, Fullerton Town Center, Orangefair Marketplace, and Fullerton Metrocenter, placing residents moments away from 1 million square feet of combined retail space. Furthermore, the property benefits from it’s proximity to higher-education institutions including Fullerton College and California State University, Fullerton (CSUF), both major housing drivers for the area. 124 West Truslow Avenue also benefits from its close proximity to State Route 91, providing residents with easy access to employment hubs throughout Orange, Los Angeles, and Riverside Counties.

124 West Truslow Avenue offers an investor the ability to capture tenants seeking a superb Fullerton location with convenient access to a wide variety of higher-education institutions, retail amenities, dining experiences, and entertainment venues. The overall demand for a well-located apartment building will help to attract tenants to the property and will be a major driver in creating strong returns and future value appreciation at the Property.

Investment Highlights

  • Highly Desirable Mix Featuring Mostly Two-Bedroom Floor Plans
  • Two Units Feature Two-Story Townhome Layouts
  • Private Patios & Balconies | On-Site Laundry Facility
  • Ample Garage & Surface Parking: 12 Total Parking Spaces
  • Walking Distance to the Vibrant Shops, Restaurants, & Bars throughout Downtown Fullerton
  • Surrounded by a Plethora of Retail & Dining Options in Nearby Neighborhood & Power Retail Centers
  • Just Over 0.50 Miles from Fullerton College, a Major Housing Driver for the Area
  • Within a 2.50-Mile Radius of Numerous Local & Regional Parks, Providing Ample Opportunity for Outdoor Recreation

Exclusively Listed By

Financing By

Multifamily

124 West Truslow Avenue

Listing Price: $1,900,000

Cap Rate
4.30%
Number of Units
5
GRM
15.21
Price/Unit
$380,000
Price/Gross SF
$488.81
Gross SF
3,887

Investment Highlights

  • Highly Desirable Mix Featuring Mostly Two-Bedroom Floor Plans
  • Two Units Feature Two-Story Townhome Layouts
  • Private Patios & Balconies | On-Site Laundry Facility
  • Ample Garage & Surface Parking: 12 Total Parking Spaces
  • Walking Distance to the Vibrant Shops, Restaurants, & Bars throughout Downtown Fullerton
  • Surrounded by a Plethora of Retail & Dining Options in Nearby Neighborhood & Power Retail Centers
  • Just Over 0.50 Miles from Fullerton College, a Major Housing Driver for the Area
  • Within a 2.50-Mile Radius of Numerous Local & Regional Parks, Providing Ample Opportunity for Outdoor Recreation

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 124 West Truslow Avenue, a 5-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County, California. Built in 1992, the property offers a highly desirable mix consisting of 1, one-bedroom unit and 4, two-bedroom units, of which 2 are townhomes. Amenities include ample surface and garage parking, private patios or balconies, and an on-site laundry facility. 124 West Truslow Avenue is located within walking distance of Downtown Fullerton, placing residents moments away from a wide variety of shopping, dining, and entertainment options. Additionally, the property is just over 0.30 miles from three regional shopping centers, Fullerton Town Center, Orangefair Marketplace, and Fullerton Metrocenter, placing residents moments away from 1 million square feet of combined retail space. Furthermore, the property benefits from it’s proximity to higher-education institutions including Fullerton College and California State University, Fullerton (CSUF), both major housing drivers for the area. 124 West Truslow Avenue also benefits from its close proximity to State Route 91, providing residents with easy access to employment hubs throughout Orange, Los Angeles, and Riverside Counties. 124 West Truslow Avenue offers an investor the ability to capture tenants seeking a superb Fullerton location with convenient access to a wide variety of higher-education institutions, retail amenities, dining experiences, and entertainment venues. The overall demand for a well-located apartment building will help to attract tenants to the property and will be a major driver in creating strong returns and future value appreciation at the Property.

Exclusively Listed By

Financing By

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