Williamson Apartments is a 17-unit multifamily investment opportunity located in Fullerton, CA. Williamson Apartments offers an attractive mix of one, two, and three-bedroom units, of which ten are two-story townhomes. This diverse mix of floor plans helps Williamson Apartments appeal to a broad renter pool. The property, built in 1989, features desirable amenities including a secured central courtyard with a swimming pool, spacious private patios and balconies, an on-site laundry facility, and ample garage, tuck-under, and surface parking spaces. Williamson Apartments benefits from its optimal central Fullerton location, placing residents in-close proximity of a variety of area amenities. The property is within walking distance of an abundance of unique shops, restaurants, and bars in Downtown Fullerton and is within a 1-mile radius of all three levels of schooling. Additionally, the property is within 1 mile of Fullerton College, a major economic and housing driver for the area. Furthermore, residents enjoy convenient access to a plethora of major retail centers including Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center. Williamson Apartments benefits from it’s close proximity to State Route 91, Interstate 5, and the Fullerton Amtrak Station, connecting residents to employment hubs throughout Southern California. In summary, Williamson Apartments’ fantastic location offers residents a wide variety of activities, employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With substantial upside and strong rental metrics, Williamson Apartments represents an attractive opportunity for a new owner seeking well located units.
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
27,442.8 sq. ft.2,550 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1989
(Age: 36)
General Listing Location:
Fullerton, 83 - Fullerton
County Or Parish:
Orange
Common Interest:
Community Apartment
Gross Income:
$487,656
Gross Scheduled Income:
$482,179
Net Operating Income:
$304,623
Cap Rate %:
4.69
Rent Control:
No
Association Fee:
$0
Land Lease:
No
Electric Expense:
$7,302
Fuel Expense:
$7,302
Insurance Expense:
$11,500
Maintenance Expense:
$10,200
Taxes expense:
69327.0
Operating Expense:
$168,568
Other Expense:
$31,769
Professional Management Expense:
$16,562
Trash Expense:
$7,302
Water and Sewer Expense:
$7,304
Vacancy Allowance:
$14,465
Vacancy Allowance Rate:
$3
Tax Lot:
28
Cross Streets of Williamson Avenue & Chestnut Place