New Listing
2631 Andover Avenue,Fullerton, CA 92831
Fullerton, CA 92831
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.
Details
| MLS # | 26107367 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Listing Provided By | Matthews Real Estate Investment Services | Kamfar Kyle Mirrafati |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 4,302 |
| Garage | 6 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.17 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Door Multi, Door Single, Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Fullerton |
| Zip Code | 92831 |
| Area | 83 Fullerton |
| Listing VS Median (in 92831) | |
Price: $1,850,000 low | high Med: $739,000 sqft: 4,302 low | high Med: 1,355 $ / sqft: $430 low | high Med: $559 | |
Market Activity 92831
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Fullerton |
| Zip Code | 92831 |
| Area | 83 Fullerton |
| Listing VS Median (in 92831) | |
Price: $1,850,000 low | high Med: $739,000 sqft: 4,302 low | high Med: 1,355 $ / sqft: $430 low | high Med: $559 | |
 | $1,895,0002140 Associated RoadFullerton, CA 92831 |
