2100 Teri Place
Fullerton, CA 92831
MLS #NP17258396

Income
  • 4units
  • 4,527sq ft
Pending Sale $1,339,000
Est. P&I payment: $5114.07/mo
2100 Teri Place, Fullerton, CA 92831
  • 2100 Teri Place, Fullerton, CA 92831 Photo 1
  • 2100 Teri Place, Fullerton, CA 92831 Photo 2
  • 2100 Teri Place, Fullerton, CA 92831 Photo 3
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Description for 2100 Teri Place, Fullerton, CA 92831
The Teri Place Apartments is a 4-unit multi-family building located in a highly desirable neighborhood across the street from California State University Fullerton. Comprised of roughly 4,527 rentable square feet, the property has a unit mix of 2 three-bedrooms and 2 two-bedroom units that are spacious and well designed. With the excellent location and floorplans offered, this property is well positioned to take advantage of the strong local rental market. Situated on a corner lot, the north and south sides of the property offer tenants large patios. At the rear of the property, there are six single car assigned garage spaces. Well maintained by the current ownership with several interior and exterior renovations including newer windows throughout. Bordering the city of Brea, the Teri Place Apartments are located near the cross streets of Yorba Linda Blvd and State College Blvd. The property provides an investor the opportunity to acquire a well located asset near a major University in Orange County that can be operated as student housing or market rate rentals.
MLS #NP17258396
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My Notes for MLS #NP17258396

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Year Built: 1964
  • Year Built Source: Assessor
  • Elevation Units: Feet
  • Subdivision Name: Other (OTHR)
  • Subdivision Name Other: N/A

Exterior Features

  • Stories Total: 2
  • Lot Features: Corner Lot
  • Lot Size SqFt: 7,094
  • Lot Size Units: Square Feet
  • Garage Spaces: 6
  • Parking Total: 6
  • Pool Features: None
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Levels: Two
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Laundry YN: 1
  • Laundry Equipment Own Lease: Lease
  • Laundry Features: Community
  • Water Source: Public
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1

Financial Features

  • Electric Expense: 600
  • Gross Scheduled Income: 75,600
  • Insurance Expense: 1,340
  • Laundry Income: 960
  • Net Operating Income: 54,596
  • Operating Expense: 21,964
  • Price Per SqFt: 295.78
  • Total Expenses: 21,964
  • Trash Expense: 504
  • Water Sewer Expense: 2,880
  • Tax Lot: 4
  • Gross Income: 76,560
  • New Taxes Expense: 15,440
  • Operating Expense Percent: 29

Community Features

  • Community Features: Sidewalks

Miscellaneous Features

  • Building Area Total: 4,527
  • Building Area Units: Square Feet
  • Days On Market: 9
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 9
  • Tax Census Tract: 117.08
  • Tax Tract Number: 93

Location

 
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Directions to 2100 Teri Place, Fullerton, CA 92831
57 FWY to Yorba Linda Blvd Exit, head West, Turn Right on Associated Rd, Turn Right on Milton Ave
Listing information for 2100 Teri Place, Fullerton, CA 92831 was graciously provided by our friends at the listing brokerage, Investment Capital Real Estate and by listing agent Diaz Jr. Ignacio DRE# 01379930

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/18/2017 at 6:14am
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