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231 W Knepp Ave

Fullerton, CA 92832
  • $1,450,000
  • STATUS: PENDING
  • ON SITE: 14 Days
  • ID#: 240022478
Pending
UPDATED: 35 min ago
$1,450,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,760
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

This prime Fullerton property, located near Cal State Fullerton, features four spacious 2-bedroom, 1-bathroom units perfect for off-campus student housing. With strong rental demand and garages both on-site and in the alley, this property offers convenient parking options. The long term tenants currently occupying the spacious units include tenants occupying units for over five years, alongside residents that have called 231 W Knepp home for over twenty years. There is significant upside potential for rent growth, making it an excellent value-add investment opportunity.

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/155550975
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231 W Knepp Ave Fullerton, CA 92832

  • Price: $1,450,000
  • Status: PENDING
  • On Site: 14 Days
  • Updated: 35 min ago
  • ID#: 240022478
8
Beds
4
Baths
0
½ Baths
N/A
Acres
3,760
SQFT
$386
$/SQFT
1958
Built
Neighborhood:
Fullerton
County:
Orange
Area:
Oc - Fullerton (92832)
Property Description
This prime Fullerton property, located near Cal State Fullerton, features four spacious 2-bedroom, 1-bathroom units perfect for off-campus student housing. With strong rental demand and garages both on-site and in the alley, this property offers convenient parking options. The long term tenants currently occupying the spacious units include tenants occupying units for over five years, alongside residents that have called 231 W Knepp home for over twenty years. There is significant upside potential for rent growth, making it an excellent value-add investment opportunity.
Exterior Features

Exterior StuccoOther/Remarks Fencing Other/Remarks Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 0

Interior Features

Cooling Wall/WindowN/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 2.1 Age Restrictions N/K Annual Expense Actual 37285 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park Fullerton Cross Streets W Knepp Ave & S Highland Ave Gross Rent Multiplier Actual 20.1 Gross Rent Multiplier Project 13.4 Gross Scheduled Income Actual 72000 Gross Scheduled Income Project 108000 Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 65315 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.5 Sales Restrictions Call Agent Security Other/Remarks Short Sale No Tenant Pays N/KOther/Remarks Terms CashConventionalExchangeFHAVA Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2250.0 Unit1 Rent Actual 1500.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2250.0 Unit2 Rent Actual 1500.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 2250 Unit3 Rent Actual 1500.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 2250 Unit4 Rent Actual 1500.0

San Diego MLS logo Listing provided courtesy of Tyler Brand of JLM Real Estate Inc: 661-886-1226. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110