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    1100 W Porter Avenue

    Fullerton, CA 92833
    • $1,500,000
    • STATUS: Active
    • ON SITE: 303 days
    • ID#: PW20118949
    UPDATED: 87 min ago
    $1,500,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,934
      SQFT
    • $381
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Highly desired Porter Avenue Villas, six unit apartment building situated in a strong rental market of Fullerton. Located on a beautiful tree lined cul-de-sac among other well maintained apartment buildings and single family homes. This property has generated a positive cash flow for present and past owners. Low turnover, minimal maintenance, among a niche pocket of apartment buildings commonly known as Porter Avenue Villas which rarely come on the market. Walking distance to a newer shopping strip mall with multiple retail shops including Starbucks. Close proximity to the 91 Freeway and many Southern California family destinations such as Disneyland, Los Angles Angels' Stadium, Honda Center and Knott's Berry Farm just to mention a few.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/107035931
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    1100 W Porter Avenue Fullerton, CA 92833

    • Price: $1,500,000
    • Status: Active
    • Updated: 87 min ago
    • ID#: PW20118949
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,934
    SQFT
    $381
    $/SQFT
    1958
    Built
    Neighborhood:
    American Classics (Amcl)
    County:
    Orange
    Area:
    83 - Fullerton
    Property Description
    Highly desired Porter Avenue Villas, six unit apartment building situated in a strong rental market of Fullerton. Located on a beautiful tree lined cul-de-sac among other well maintained apartment buildings and single family homes. This property has generated a positive cash flow for present and past owners. Low turnover, minimal maintenance, among a niche pocket of apartment buildings commonly known as Porter Avenue Villas which rarely come on the market. Walking distance to a newer shopping strip mall with multiple retail shops including Starbucks. Close proximity to the 91 Freeway and many Southern California family destinations such as Disneyland, Los Angles Angels' Stadium, Honda Center and Knott's Berry Farm just to mention a few.
    Exterior Features

    Construction Materials Stucco Fencing Fair ConditionWood Foundation Details Slab Lot Features LawnLandscapedNear Public Transit Number Of Separate Electric Meters 6 Open Parking Spaces 3 Parking Features AssignedDoor-MultiGarageOff StreetPaved Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved

    Interior Features

    Appliances Gas OvenGas RangeRange HoodWater Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Flooring CarpetVinyl Heating Natural GasWall Furnace Heating YN Yes Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Disclosures Rent Control Electric Electricity - On Property Exclusions Refrigerators Fuel Expense 0 Garage YN Yes Gross Income 9258095 Gross Scheduled Income 95700 Inclusions Stove/Oven Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 63412 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 29170 Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7975 Trash Expense 0 Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Michael Mattson of Lido Real Estate & Investments and Matthew Smith of Lido Real Estate & Investments


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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