925 Malden AveFullerton, CA 92832

Property Details for 925 Malden Ave

Year built

1962

Lot size

0.34 AC

Property size (Sq ft)

10,123 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

073-072-30

APU

7307230

Description

This exceptional 12-unit apartment complex, known as Malden Villas Apartments, presents a compelling investment opportunity in the thriving city of Fullerton, California. Located at 925 S Malden Ave, Fullerton, CA 92832, this property boasts a desirable location near Downtown Fullerton, Fullerton College, and California State University, Fullerton, ensuring strong rental demand. The complex comprises primarily spacious two-bedroom units, offering an efficient and manageable unit mix. Recently undergoing extensive renovations, Malden Villas showcases a modern aesthetic with significant upgrades completed within the past year. These improvements encompass new appliances, stylish laminate wood flooring, elegant quartz countertops, updated cabinetry, and upgraded bathrooms throughout. Further enhancing the property's appeal are convenient amenities such as garage parking and a shared laundry facility. The building also features modern copper plumbing. The exterior has also been updated, resulting in excellent curb appeal. With all major capital improvements recently completed, this turnkey asset requires minimal management and offers immediate rental income potential. The asking price for this exceptional property is $4,750,000. This is a rare opportunity to acquire a well-maintained, high-demand apartment complex in a prime Fullerton location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,722,309

  6.5%

  $2,512,900

  7%

  $2,333,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,896,452

  Geo Method

  $3,046,967

• Alternative Use

  Use

  Valuation

  Residential

  $2,512,900

  Hospitality

  $2,301,803

  Educational

  $1,915,073

  Medical

  $1,980,936

  Retail

  $2,979,003

Location Insight

City

Fullerton

County

Orange

State

California

Latitude

33.862

Longitude

-117.927

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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