3921 Franklin AveFullerton, CA 92833

Property Details for 3921 Franklin Ave

Property size (Sq ft)

5,278 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a stabilized, 4-unit apartment building in the desirable Fullerton, CA area of Orange County. Boasting a total of 5,278 square feet across two, one-story buildings situated on a 9,510 square foot lot (APN: 070-221-11), this property offers a compelling 5.50% cap rate. Currently 100% occupied, each unit commands a price of $625,000, contributing to the overall asking price of $2,500,000. The property benefits from its prime location, offering convenient access to major freeways (Interstate 5 and Highway 91), facilitating easy commutes for residents. Fullerton's robust rental market, supported by a strong demographic profile with an average household income exceeding $110,000 within a 5-mile radius and a high percentage of renters within a 3-mile radius, ensures consistent cash flow. The area is renowned for its blend of residential, business, and educational environments, enhanced by award-winning schools and proximity to California State University Fullerton and Fullerton College. Furthermore, the property's location provides easy access to popular attractions such as Disneyland, Knott's Berry Farm, and Angel Stadium, adding to its appeal. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving Orange County market.

Location Insight

City

Fullerton

County

Orange

State

California

Latitude

33.8652

Longitude

-117.979

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