This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
225 W Knepp Avenue, Fullerton, CA 92832
$1,430,000
225 W Knepp Avenue, Fullerton, CA 92832View this property at 225 W Knepp Avenue, Fullerton, CA 92832
225 W Knepp AvenueFullertonCA92832
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.
The property offers an attractive unit mix comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, new bathrooms, new garage doors, and new landscaping.
The subject property's close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 4.41% Cap Rate / 6.61% total return for a stable, renovated, "A" location investment property in the solid rental market of Fullerton, California.
Full Property Details
Full Property Details for 225 W Knepp Ave
General
- Sold For: $1,430,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC20228047
- Added to Site: 1, 288 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: Please do not disturb tenants. Make all offers subject to inspection.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,752
- Year Built: 1958
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1467
- Lot Description: Front Yard, Landscaped, Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $381.13
Listed by Marcus & Millichap RE Invest, Greg Bassirpou
Sold by First Team Real Estate, Alex Duarte
Get Pre-Approved Today
Schools
Schools serving 225 W Knepp Ave
School Districts:Fullerton Elementary School District, Fullerton Joint Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
700 S Richman Ave, Fullerton, CA 92832 | K-6 | 0.3 mi | |
1100 W Olive Ave, Fullerton, CA 92833 | 7-8 | 1 mi | |
201 E Chapman Ave, Fullerton, CA 92832 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 225 W Knepp Ave
Date
Details
Price
Change
Source
5/24/2021
Sold
$1,430,000
-0.69%
MLS
3/16/2021
Price Reduced
$1,440,000
-0.69%
MLS
2/25/2021
Price Reduced
$1,450,000
-1.69%
MLS
1/20/2021
Price Reduced
$1,475,000
-0.67%
MLS
10/28/2020
Listed
$1,485,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
225 W Knepp Avenue, Fullerton, CA 92832 (MLS# OC20228047) is a Multi-Family property that was sold at $1,430,000 on May 24, 2021. Want to learn more about 225 W Knepp Avenue? Do you have questions about finding other Multi-Family real estate for sale in Fullerton? You can browse all Fullerton real estate or contact a Coldwell Banker agent to request more information.