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5699 Fullerton Avenue

Buena Park, CA 90621
  • $7,500,000
  • STATUS: ACTIVE
  • ON SITE: 151 Days
  • ID#: OC23065697
$7,500,000
  • 3
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Sunny Hills Pre-School, Carl Gilbert Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1960, the property had a major interior and exterior renovation in 2022-2023. The complex has a great unit mix of eleven two-bed one-bath units, and thirteen one-bed one-bath units. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. There is no tuck under parking. Each unit is separately metered for gas and electricity. The building is equipped with a solar heating system for the building hot water, which includes 13 solar panels and a 1000-gallon tank. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new resurfaced pool area, new pool furniture, new landscaping, some new fencing and paint, new windows, and new wall air conditioning. The complex is conveniently located less than 3 miles from Knotty Berry Farm, Knotts Soak City, Medieval Times, Pirates Adventure, Porto's Bakery, and the Buena Park entertai This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Sunny Hills Pre-School, Carl Gilbert Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1960, the property had a major interior and exterior renovation in 2022-2023. The complex has a great unit mix of eleven two-bed one-bath units, and thirteen one-bed one-bath units. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. There is no tuck under parking. Each unit is separately metered for gas and electricity. The building is equipped with a solar heating system for the building hot water, which includes 13 solar panels and a 1000-gallon tank. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new resurfaced pool area, new pool furniture, new landscaping, some new fencing and paint, new windows, and new wall air conditioning. The complex is conveniently located less than 3 miles from Knotty Berry Farm, Knotts Soak City, Medieval Times, Pirates Adventure, Porto's Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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5699 Fullerton Avenue Buena Park, CA 90621

  • Price: $7,500,000
  • Status: ACTIVE
  • On Site: 151 Days
  • ID#: OC23065697
3
Beds
0
Baths
0
½ Baths
0.75
Acres
Neighborhood:
Oc - Buena Park (90621)
County:
Orange
Area:
Oc - Buena Park (90621)
Property Description
This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Sunny Hills Pre-School, Carl Gilbert Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1960, the property had a major interior and exterior renovation in 2022-2023. The complex has a great unit mix of eleven two-bed one-bath units, and thirteen one-bed one-bath units. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. There is no tuck under parking. Each unit is separately metered for gas and electricity. The building is equipped with a solar heating system for the building hot water, which includes 13 solar panels and a 1000-gallon tank. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new resurfaced pool area, new pool furniture, new landscaping, some new fencing and paint, new windows, and new wall air conditioning. The complex is conveniently located less than 3 miles from Knotty Berry Farm, Knotts Soak City, Medieval Times, Pirates Adventure, Porto's Bakery, and the Buena Park entertai This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Sunny Hills Pre-School, Carl Gilbert Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1960, the property had a major interior and exterior renovation in 2022-2023. The complex has a great unit mix of eleven two-bed one-bath units, and thirteen one-bed one-bath units. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. There is no tuck under parking. Each unit is separately metered for gas and electricity. The building is equipped with a solar heating system for the building hot water, which includes 13 solar panels and a 1000-gallon tank. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new resurfaced pool area, new pool furniture, new landscaping, some new fencing and paint, new windows, and new wall air conditioning. The complex is conveniently located less than 3 miles from Knotty Berry Farm, Knotts Soak City, Medieval Times, Pirates Adventure, Porto's Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool Below GroundCommunity/Common Roof Composition Site CurbsSidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Units With Cooling 24 Units With Range Oven 24

Property Features

Actual Cap Rate 5.44 Annual Expense Actual 172086 Assessments N/K Buildings 1 Gross Rent Multiplier Actual 12.63 Gross Scheduled Income Actual 594000 Home Owners Fees 0.0 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1865.0 Unit2 Rent Actual 2295.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Mark Bridge of Mark Bridge, Broker: 949-372-4888. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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