2631 Andover AVE, Fullerton, CA 92831
2631 Andover AVE, Fullerton, CA 92831
2631 Andover AVE, Fullerton, CA 92831
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Kim Coelho

Kim Coelho

+1(714) 404-7077
$1,850,000
Est. payment /mo
9 Beds
7 Baths
4,302 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,302 sqft

Price per Sqft $430

MLS Listing ID 26107367

Bedrooms 9

HOA Y/N No

Year Built 1964

Lot Size 7,209 Sqft

Property Description

We are pleased to offer the opportunity to acquire 2631 Andover Ave, a 4-unit Covington style apartment building located in a highly desirable neighborhood in Fullerton, just half a mile from Cal State Fullerton. Built in 1964, this 4,302 SqFt property on a 7,211 SqFt lot offers strong fundamentals and an attractive unit mix consisting of one (1) three-bed, two-bath unit, two (2) two-bed, one and a half-bath townhome units, and one (1) two-bed, one-bath unit. The parking consists of two (2) double-car and two (2) single-car remote controlled garages. The building itself features a new, a recent deck replacement for Unit 4, upgraded central HVAC in Unit 1, and a fresh paint job that ties into its unique curb appeal. Select units have private patios and also underwent interior upgrades, including modernized kitchens and bathrooms, granite countertops, and luxury vinyl plank and ceramic tile flooring. The property is individually metered for electricity/gas and utilizes a RUBS Program that minimizes operating expenses. 2631 Andover Ave presents a rare opportunity to acquire a well-maintained, turnkey asset with stable in-place income, offering rental upside at approximately 14%. This provides investors with the chance to increase cash flow through interior renovations, rental repositioning, or expansion potential. Surrounded by major business parks, shopping centers, restaurants, and entertainment, with easy access to the 5, 57, 90, and 91 freeways and strong rental demand, this property represents an exceptional investment and long-term appreciation potential in one of Fullerton's most sought-after neighborhoods. This is a great opportunity to own a quality multifamily property in Orange County.

Location

State CA

County Orange

Area 83 - Fullerton

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Door-Multi, Door-Single, Garage

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 33709106

Special Listing Condition Standard

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Listed by Kamfar Kyle Mirrafati Matthews Real Estate Investment Services #01911204

NEARBY SCHOOL & BUSINESS

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