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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 940 sqft
Price per Sqft $1,542
MLS Listing ID 240022478
Sold Date 12/16/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1958
Property Description
This prime Fullerton property, located near Cal State Fullerton, features four spacious 2-bedroom, 1-bathroom units perfect for off-campus student housing. With strong rental demand and garages both on-site and in the alley, this property offers convenient parking options. The long term tenants currently occupying the spacious units include tenants occupying units for over five years, alongside residents that have called 231 W Knepp home for over twenty years. There is significant upside potential for rent growth, making it an excellent value-add investment opportunity.
Location
State CA
County Orange
Area Oc - Fullerton (92832)
Building/Complex Name Fullerton
Interior
Cooling Wall/Window, N/K
Exterior
Exterior Feature Stucco, Other/Remarks
Fence Other/Remarks
Roof Type Other/Remarks
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $1,500
Listing Terms Cash, Conventional, Exchange, FHA, VA
Financing Conventional
Special Listing Condition Call Agent
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Bought with Tyler D Brand • JLM Real Estate Inc
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878