1000 E Commonwealth Ave | 1000 E Commonwealth Ave
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1000 E Commonwealth Ave 1000 E Commonwealth Ave
3 Unit Apartment Building $1,695,000 ($565,000/Unit) 5.40% Cap Rate Fullerton, CA 92831
Investment Highlights
- Great Location, Close to CSUF, Close to Fullerton College, Convenient shopping near by
Executive Summary
Welcome to 1000 E. Commonwealth.
Newly on the market, this 3-unit complex is nestled in a great neighborhood, approximately 2 miles from CSUF and less than a mile from Fullerton Junior College. Entertainment and restaurant venues are just minutes away in Historic downtown Fullerton.
The main house features a cute porch and Spanish style touches in the interior. Unit 1002, (built in 2017) features 2 bedrooms, 1 Bath, a 2nd floor balcony and a large 3rd floor rooftop deck. Unit 1002A, is a large 2 bedroom, 1 bath, 860 Sq ft dwelling that was built in 2022. Both of the recent builds feature quartz countertops and hard wood cabinets within an open floor concept. These homes are built for convenience, offering indoor laundry hook ups and off street parking. This is a wonderful opportunity for the investor who wants a nice addition to the portfolio, or the residential buyer who wants supplemental income.
Newly on the market, this 3-unit complex is nestled in a great neighborhood, approximately 2 miles from CSUF and less than a mile from Fullerton Junior College. Entertainment and restaurant venues are just minutes away in Historic downtown Fullerton.
The main house features a cute porch and Spanish style touches in the interior. Unit 1002, (built in 2017) features 2 bedrooms, 1 Bath, a 2nd floor balcony and a large 3rd floor rooftop deck. Unit 1002A, is a large 2 bedroom, 1 bath, 860 Sq ft dwelling that was built in 2022. Both of the recent builds feature quartz countertops and hard wood cabinets within an open floor concept. These homes are built for convenience, offering indoor laundry hook ups and off street parking. This is a wonderful opportunity for the investor who wants a nice addition to the portfolio, or the residential buyer who wants supplemental income.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,695,000 | Apartment Style | Low Rise |
| Price Per Unit | $565,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.40% | Building Size | 2,550 SF |
| Gross Rent Multiplier | 19.2 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Price | $1,695,000 |
| Price Per Unit | $565,000 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 19.2 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,550 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2022 |
| Parking Ratio | 1.57/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Granite Countertops
- Range
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 3 | $2,550 | 910 - 1,650 |
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Walk Score ®
Very Walkable (77)
zoning
| Zoning Code | R-2 (TR 181 LOT 2 WLY 40 FT -EX ST-) |
| R-2 (TR 181 LOT 2 WLY 40 FT -EX ST-) |
-
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1000 E Commonwealth Ave | 1000 E Commonwealth Ave
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