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2631 Andover Avenue, Fullerton, CA, 92831

2631 Andover Avenue

$1,850,000

Key Information

Cap Rate
4.67%
$ per SF
$430
Tot. SF
4,302
Lot Size
0.17 Acres
Units
4
Year Built
1964
Type
Apartments
NOI
$86,312

Highlights

  • 4-Unit Covington Style Building, Built in 1964 & Located Half a Mile From CSU Fullerton
  • Unique Unit Mix Consisting of: (1) – 3Bed/2Bath, (2) – 2 Bed/1.5 Bath Townhomes & (1) – 2 Bed/1 Bath Unit
  • Well-Maintained, Pride of Ownership Building with Numerous Capital Improvements Completed
  • Upgrades Include: New Roof Installed (2025), New Deck for Unit 4 (2026), & New Central HVAC in Unit 1 (2026)
  • Have Been Improved with Modernized Kitchens & Bathrooms, Granite Countertops, Luxury Vinyl Plank Flooring, and Ceramic Tile
  • Near Market Rents With 14% Rental Upside Potential
  • Low Operating Expenses | Landlord Only Responsible for Water, Trash, & Common Electricity
    • Each Unit Individually Metered for Gas & Electric
  • Two (2) Double-Car & Two (2) Single-Car Remote Controlled Garages

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245