Built in 1964 and situated on just under 8,000 square feet of land, this property features four spacious units, all with two & three bedrooms, offering generous floorplans for a total of 4,337 rentable square feet. Some of the property amenities include an onsite laundry facility, patios/balconies, fireplaces (for select units), individual water heaters, (2) double-car garages and (2) single-car garages for a 1.5 to 1 parking ratio. The property boasts a new roof, concrete driveways, decks, balconies, railings and electrical panels. All of the units are individually metered for electricity and gas. This property can be purchased with neighboring property at 3043 Topaz Lane.
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
7,888 sq. ft.733 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1964
(Age: 61)
General Listing Location:
Fullerton, 83 - Fullerton
County Or Parish:
Orange
Common Interest:
Community Apartment
Gross Income:
$115,516
Gross Scheduled Income:
$115,516
Net Operating Income:
$78,044
Cap Rate %:
4.46
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Electric Expense:
$531
Fuel Expense:
$197
Gardener expense:
1497.0
Insurance Expense:
$4,337
Licenses expense:
500.0
Maintenance Expense:
$3,361
Taxes expense:
19596.0
Operating Expense:
$34,006
Trash Expense:
$2,054
Water and Sewer Expense:
$1,979
Vacancy Allowance:
$3,465
Vacancy Allowance Rate:
$3
Tax Lot:
8
South of Yorba Linda Boulevard and East of Placentia Avenue