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Multifamily

617 W Commonwealth Ave

617 W Commonwealth Ave, Fullerton, CA 92832

Listing Price: $1,300,000

Cap Rate
3.65%
Number of Units
4
Price/Unit
$325,000
Price/Gross SF
$503.68
Gross SF
2,581

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 617 West Commonwealth Avenue, a 4-unit multifamily investment property located in Fullerton, one of the premier rental submarkets in Orange County. Built in 1947, 617 West Commonwealth Avenue contains an attractive unit mix consisting of one and two-bedroom units. Situated on a 0.16-acre lot, the property offers amenities including gated access, garage and uncovered parking, a spacious yard, security doors, and on-site laundry. The property benefits from its excellent Fullerton location, positioned within blocks of Downtown Fullerton and within a 2-mile radius of 4 major shopping centers, providing residents with easy access to a plethora of retail, dining, and entertainment options. Additionally, the property is situated within 1 mile of Fullerton College and 3 miles of California State University, Fullerton, which have a combined enrollment of over 63,000 students. The property is located within close proximity of major transportation corridors including State Route 91 and Interstate 5, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties. 617 West Commonwealth Avenue offers an investor the ability to capture tenants seeking a superb Fullerton location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. The overall need for well-located apartment buildings will help to generate rental demand for the property and will be a major driver in creating strong returns and future value appreciation at 617 West Commonwealth Avenue.

Investment Highlights

  • A 4-Unit Multifamily Investment Property Located in Fullerton
  • The Property Offers a Desirable Unit Mix Consisting of One and Two-Bedroom Units
  • Amenities Include Gated Access, Garage and Uncovered Parking, Security Doors, and On-Site Laundry
  • Located Within Blocks of Downtown Fullerton, Placing Residents Minutes Away from a Plethora of Retail, Dining, and Entertainment Options that Provide Their Everyday Needs

Exclusively Listed By

Financing By

Listing Price: $1,300,000

Cap Rate
3.65%
Number of Units
4
Price/Unit
$325,000
Price/Gross SF
$503.68
Gross SF
2,581

Investment Highlights

  • A 4-Unit Multifamily Investment Property Located in Fullerton
  • The Property Offers a Desirable Unit Mix Consisting of One and Two-Bedroom Units
  • Amenities Include Gated Access, Garage and Uncovered Parking, Security Doors, and On-Site Laundry
  • Located Within Blocks of Downtown Fullerton, Placing Residents Minutes Away from a Plethora of Retail, Dining, and Entertainment Options that Provide Their Everyday Needs

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 617 West Commonwealth Avenue, a 4-unit multifamily investment property located in Fullerton, one of the premier rental submarkets in Orange County. Built in 1947, 617 West Commonwealth Avenue contains an attractive unit mix consisting of one and two-bedroom units. Situated on a 0.16-acre lot, the property offers amenities including gated access, garage and uncovered parking, a spacious yard, security doors, and on-site laundry. The property benefits from its excellent Fullerton location, positioned within blocks of Downtown Fullerton and within a 2-mile radius of 4 major shopping centers, providing residents with easy access to a plethora of retail, dining, and entertainment options. Additionally, the property is situated within 1 mile of Fullerton College and 3 miles of California State University, Fullerton, which have a combined enrollment of over 63,000 students. The property is located within close proximity of major transportation corridors including State Route 91 and Interstate 5, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties. 617 West Commonwealth Avenue offers an investor the ability to capture tenants seeking a superb Fullerton location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. The overall need for well-located apartment buildings will help to generate rental demand for the property and will be a major driver in creating strong returns and future value appreciation at 617 West Commonwealth Avenue.

Exclusively Listed By

Financing By

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