550 Williamson Ave - Apartments FOR SALE


Fullerton, CA 92832- Downtown Fullerton
$6,500,000 USD
714-713-9086
550 Williamson Ave, Fullerton, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/14
null | 4.69% Cap Rate

550 Williamson Ave
Fullerton, CA 92832
Downtown Fullerton


HIGHLIGHTS

  • Diverse Mix of One, Two, & Three-Bedroom Units of which 10 Units are Two-Story Townhomes
  • Desirable Property Amenities Including Gated Access, a Swimming Pool, Private Patios & Balconies, an On-Site Laundry Facility, & Ample Parking
  • Substantial Upside Through the Completion of a Comprehensive Renovation Plan Including the Installation of In-Unit Laundry
  • Optimal Fullerton Location Placing Residents in Close Proximity of the Unique Shops & Restaurants in Downtown Fullerton

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present Williamson Apartments, 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. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

17

PRICE/UNIT

$382,353

CAP RATE

4.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Williamson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

R-3

APN/PARCEL ID

032-083-12

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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