1819 W Houston Avenue

    Fullerton, CA 92833
    • $4,050,000
    • STATUS: Active Under Contract
    • ON SITE: 43 days
    • ID#: OC20037324
    Under Contract
    $4,050,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,952
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Built in 1990, the Houston Apartments provides an investor with an opportunity to acquire an all 2 bedroom / 2 bath property in an area where neighboring homes are valued in excess of $1 million. The property, which has been recently painted and re-landscaped, is located at the end of a quiet cul de sac and just a short walk to Orangethorpe Elementary School.The property offers ample parking (2 spaces per unit) and a desirable host of features including central air conditioning and heating, fireplaces, gas ranges, dishwashers, large private balconies or patios in all but one unit, a laundry facility and a spacious park-like rear yard. The property has convenient access to both the 91 Freeway and Interstate 5. In addition to nearby neighborhood shopping and restaurants at the intersection of Brookhurst Street and Orangethorpe, residents are just 3 miles from the dominant retail/restaurant/entertainment hub in the city of Fullerton, home to Fullerton Metrocenter, Fullerton Town Center and Orangefair Marketplace. Businesses include Costco, Burlington, Marshalls, Best Buy, Target, Sprouts Market, Michael+GGs, Dollar Tree, AMC Theaters and numerous nationally branded restaurants.A short distance to the north of the property is Focus Area C of the Fullerton General Plan. This Focus Area is closely tied to the Fullerton Vision which lays out what the city hopes to promote through the implementation of its General Plan.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T00:29:21.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/103405529

    1819 W Houston Avenue Fullerton, CA 92833

    • Price: $4,050,000
    • Status: Active Under Contract
    • ID#: OC20037324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    10,952
    SQFT
    $370
    $/SQFT
    1990
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    83 - Fullerton
    Property Description
    Built in 1990, the Houston Apartments provides an investor with an opportunity to acquire an all 2 bedroom / 2 bath property in an area where neighboring homes are valued in excess of $1 million. The property, which has been recently painted and re-landscaped, is located at the end of a quiet cul de sac and just a short walk to Orangethorpe Elementary School.The property offers ample parking (2 spaces per unit) and a desirable host of features including central air conditioning and heating, fireplaces, gas ranges, dishwashers, large private balconies or patios in all but one unit, a laundry facility and a spacious park-like rear yard. The property has convenient access to both the 91 Freeway and Interstate 5. In addition to nearby neighborhood shopping and restaurants at the intersection of Brookhurst Street and Orangethorpe, residents are just 3 miles from the dominant retail/restaurant/entertainment hub in the city of Fullerton, home to Fullerton Metrocenter, Fullerton Town Center and Orangefair Marketplace. Businesses include Costco, Burlington, Marshalls, Best Buy, Target, Sprouts Market, Michael+GGs, Dollar Tree, AMC Theaters and numerous nationally branded restaurants.A short distance to the north of the property is Focus Area C of the Fullerton General Plan. This Focus Area is closely tied to the Fullerton Vision which lays out what the city hopes to promote through the implementation of its General Plan.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Direction Faces South Foundation Details Slab Garage Spaces 0.00 Lot Features 21-25 Units/AcreCul-De-SacLawnLevelYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportAsphaltPaved Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Spanish Tile

    Interior Features

    Appliances DishwasherDisposalGas RangeRange HoodWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 847 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living RoomGas Fireplace YN Yes Flooring CarpetVinyl Heating Central Heating YN Yes Interior Features BalconyCeiling Fan(S)Unfurnished Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.22 Community Features Suburban Country Us Electric Expense 1007.00 Elevation Units Feet Fuel Expense 498.00 Gardener Expense 2850.00 Gross Income 273768.00 Gross Multiplier 14.79 Gross Operating Income 265666.00 Gross Scheduled Income 273768.00 Insurance Expense 5292.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 2904.00 Laundry YN Yes Maintenance Expense 10284.00 Net Operating Income 171075.00 New Construction YN No New Taxes Expense 46507.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 0 Number With Carpet 12 Number With Dishwasher 12 Number With Disposal 12 Number With Range 12 Operating Expense 94591.00 Other Expense 3096.00 Other Expense Description Misc Other Income1 804.00 Professional Management Expense 13283.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Tax Rate 1.08 Tax Year 2020 Tenant Pays All Utilities Total Actual Rent 270060.00 Total Expenses 94591.00 Trash Expense 5463.00 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 6311.00 Water Source Public Year Built Source Estimated Zoning R-3R

    Listing provided courtesy of Joseph Berkson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-04T00:29:21.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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