$8,700,000
 $46,703 est/mo Sourced by Back At You

2550 College Place , Fullerton, CA 92831

Fullerton, CA 92831

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Description

2550 College Place is an 18-unit multifamily investment property located directly adjacent to the campuses of Hope International University (HIU) and California State University, Fullerton (CSUF). 2550 College Place offers a highly desirable mix of 4, one-bedroom units and 14, two-bedroom units, each with a private patio or balcony. The property offers a gated parking garage and an on-site laundry facility, two highly desirable amenities for potential renters. 2550 College Place benefits from its optimal Fullerton location, within walking distance of HIU and CSUF, major employment and housing drivers for the area. Currently just 3 percent of CSUF students live in college-owned, -operated, or -affiliated housing leaving a substantial demand for the more than 40,000 enrolled students to find campus adjacent housing. Additionally, residents enjoy convenient access to downtown Fullerton, a popular destination for dining, entertainment, and nightlife. Furthermore, the property benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California. Given the property’s unique location, adjacent to HIU and CSUF, the property offers an investor the ability to capture quality tenants seeking an optimal location with access to the universities as well as a wide variety of activities and area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2550 College Place.

Details

MLS#OC24100402
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1988
Days On Site180
Listing Provided ByMarcus & Millichap RE Invest 949-419-3200 | Tyler Leeson

Features

SQ Feet17,296
Garage21
Story(s)2
Units18
Building(s)1
Acreage0.46

Market Activity 92831

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 10 minutes ago
StateCA
CountyOrange
CityFullerton
Zip Code92831
Area83 Fullerton
Community NameCollege Area
Listing VS Median (in College Area)
Price:
$8,700,000
low | high
Med:
$8,700,000
50% of Average
SqFt:
17,296
low | high
Med:
17,296
50% of Average
$ / SqFt:
$503
low | high
Med:
$503
50% of Average
On Site:
180
low | high
Med:
180.000000
100% of Average
Sourced by Back At You
Listing Updated: November 11, 2024 at 9:16:55 AM PST