149 E Union Fullerton, CA 92832
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26067750
HOA Y/N No
Year Built 1962
Lot Size 8,712 Sqft
Property Sub-Type Apartment
Property Description
The property has undergone extensive recent renovations, providing a turnkey investment opportunity with modernized interiors throughout. Each unit has been thoughtfully upgraded with new lighting fixtures, fully remodeled kitchens featuring updated cabinetry and appliances, and refreshed bathrooms with contemporary finishes. Interiors have been further enhanced with new texture and paint, creating a clean, cohesive, and modern living space across all units. Flooring has been upgraded with a combination of newer vinyl plank and carpet, offering both durability and comfort. Additionally, the building benefits from replaced windows, improving both energy efficiency and overall tenant appeal. Copper plumbing has also been done in recent years.
Exterior improvements have also been completed, including a full restucco and repaint in 2022, significantly enhancing curb appeal and reducing near-term maintenance requirements. The property has also been professionally landscaped, contributing to an inviting and well-kept appearance that stands out within the neighborhood.
From an investment standpoint, the asset presents a compelling opportunity for continued income growth. Current rents remain below market, offering clear upside potential for a new owner to increase cash flow over time. This makes the property ideal for both seasoned investors seeking stable returns with value-add potential, as well as newer investors looking for a strong, low-maintenance asset in a high-demand rental market.
With its prime location, comprehensive renovations, and rental upside, this Fullerton apartment building represents a rare opportunity to acquire a high-quality multifamily asset in one of North Orange County's most sought-after rental markets.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Interior Features Ceiling Fan(s), Quartz Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 8.0
Carport Spaces 8
Garage Description 8.0
Pool None
Community Features Gutter(s), Hiking, Park, Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 16
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 02904314
Energy Description 2024.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=tGNVVcNLqac
