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Explore W Wilshire Avenue
$729,000
Est. $4,115/mo

534 W Wilshire Avenue, Fullerton, CA 92832

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Upgraded Private Multi-Family Home
-- Bed-- Bath-- Sqft
Listed by Adam Brett

Investments like this rarely come on the market. This property features 2 separate single family residences on 1 lot - each featuring 2 bedrooms and 1 bathroom, a large living room, full kitchen, separated private patios, and more. Both units have been recently upgraded with new kitchen cabinets, appliances, copper plumbing, and flooring. There is no deferred maintenance and nothing to fix. The front house is a 1920's Spanish Style with all the charm and original features, yet upgraded to newer major systems. The back unit is a 1960's traditional ranch house. Both homes feature double pane windows, ceiling fans, and their own exterior washer and dryer which are seller owned. Located walking distance to Downtown Fullerton, close to the Fullerton Public Library, a block away from parks, shopping and transportation - the location is amazing causing this property to be in high demand with rents exceeding similar properties with inferior locations. The property also features a detached garage with 2 garage doors - each for 1 car - so both units get their own garage space. It has everything a tenant looks for which gives you the ability to really grow the income potential of this property. The driveway can accommodate at least 4 additional cars - and street parking is allowed here as well. With a CAP rate of over 6% at current rents - and the ability to immediately increase this number - the potential upside is AMAZING!@!

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Home Details
  • Days on Homes.com: 27
  • Beds: --
  • Baths: --
  • Property type: Multi Family
  • Exterior finish: --
  • Year built: 1926
  • Lot size: 0.13
  • Fireplace: no, None
  • Neighborhood: Richman
  • Cooling: Wall/window Unit(s)
  • Flooring: Carpet, Tile
  • Interior Features: Built In Features, Ceiling Fan(s), Copper Plumbing Full, Wainscoting
  • Rooms: All Bedrooms Down, Family Room, Kitchen, Walk In Closet
  • Laundry: Gas Dryer Hookup, Outside, Washer Hookup
  • Laundry Equipment: Own
  • Appliances: Disposal, Free Standing Range, Gas Range
  • Architecture: Spanish
  • Common Walls: No Common Walls
  • Levels: One
  • Property Subtype: Single Family Residence
  • Roof: Composition, Flat, Spanish Tile
  • View: None
  • Water Source: Public
  • Year Built Source: Public Records
  • Foundation: Raised, Slab
  • Doors Windows: Panel Doors
  • Windows: Blinds, Double Pane Windows, Screens
  • Condition: Turnkey, Updated Remodeled
  • Extra Structures: Two On A Lot
  • Faces: North
  • Fencing: Wood
  • Land Size Source: Assessor
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level, Level With Street, Near Public Transit, Park Nearby, Rectangular Lot, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Yard
  • Pool Features: None
  • Spa: None
  • Parking: Assigned, Concrete, Driveway, Driveway Level, Garage, Garage Two Door, Garage Faces Front, Guest, Side By Side
  • Electric: Standard
  • Heating: Natural Gas, Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Accessibility Features: 2+ Access Exits, Entry Slope Less Than 1 Foot, No Interior Steps
  • Road Surface: Paved
  • Community Features: Biking, Curbs, Hiking, Park, Sidewalks, Storm Drains, Street Lights
  • Road Frontage: City Street
  • Financing: Conventional
  • Assessments: None
  • Special Conditions: Standard
  • Tenant Pays: Cable Tv, Electricity, Gas, Telephone
  • Sub-division: Richman
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534 W Wilshire Avenue

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MLS NumberPW19262432
Listed11/11/2019
Listing SourceCalifornia Regional MLS
Last Updated12/03/2019 18:53:40 GMT-0500 (Eastern Standard Time)
Offered ByReliance Real Estate Services
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Listing provided by
Adam BrettListing Agent(714) 496-8116
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