136 W Union Ave - Apartments FOR SALE


Fullerton, CA 92832
$4,940,000 USD
949-688-6541
136 W Union Ave, Fullerton, CA for Sale
$4,940,000 USD
Apartments - FOR SALE
1/16
null | 4.77% Cap Rate

136 W Union Ave
Fullerton, CA 92832


HIGHLIGHTS

  • Highly Desirable Golden Hills Location in Fullerton
  • Majority Large Two-Bedroom Units
  • 20% Rental Upside and Over a 6.00% Cap Rate on Market Rents
  • First Time on Market in Over 20 Years
  • ADU Potential
  • 14 Garage Parking Spaces

OVERVIEW

The Sandlewood Apartments is a 14-unit apartment building located in the highly desirable Golden Hills neighborhood of Fullerton, CA. Built in 1957, the property consists of ten 2-bedroom units and four 1-bedroom units. Each unit is spacious and features a gas range top, oven, and wall heating. Some units have been recently upgraded to include faux wood floors. Select units include either a patio or balcony. Recently, all balconies and walkways have been upgraded and are now SB-721 compliant. Community amenities include garage parking, a laundry facility, and well maintained landscaping. The Sandlewood Apartments presents a savvy investor with the opportunity to acquire a well-located, income-producing asset, with a potential 20% upside in rent and over a 6% cap rate based on market rents.

FOR SALE DETAILS

PRICE

$4,940,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

14

PRICE/UNIT

$352,857

CAP RATE

4.77%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandlewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,822 SF

ZONING

R2, Fullerton

APN/PARCEL ID

281-082-05

ASK ABOUT THIS PROPERTY

David OronozSkyline Commercial Real EstateMore Info
949-688-6541

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David OronozSkyline Commercial Real EstateMore Info
949-688-6541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.