Desirable single level 4-plex located In Fullerton's most popular rental area. Each unit offers 2 bedrooms, 1 bath & private patio with separate gas and electric meters. There are (3) 2-car garages. Stabilized property with upside in rents as all leases are month to month with at least a 5% potential upside in rents. Cap rate at current rents is 4.9% and Pro-forma cap rate of 5.3%. The GRM at current rents is 15.3 and Pro-forma GRM at 14.4 compared to market GRM at 15.9. Exterior just Painted, New Front Yard Fence, new landscape with an automatic irrigation system installed. All appliances are in good condition, new garbage disposals, and some heaters are new and newly renovated coin laundry facilities on site. This is a great yield play in today’s market, providing stable income. This property has been very well maintained by the owners. Drive-by and see! Figures provided as a courtesy, buyer, and buyers agent to verify all information. Conveniently located next to 57 Fwy, Cal State Fullerton, shopping, and schools.
Listing courtesy of Vu Nguyen from iPacific Real Estate
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