Fullerton, CA 92833 134 S Pritchard Avenue
$5,800,000



8 more








Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
Home Details
We are pleased to offer 134 S Pritchard Ave, located in Fullerton, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange.
Built in 1954, the property had a major interior and exterior renovation in 2022. The complex has a great unit mix of fifteen two-bed one-bath units, one three-bed one-bath unit, and a non-conforming one-bed one-bath unit. The Non-Conforming Unit is In Process of becoming Conforming. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. Each unit is separately metered for gas and electricity. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint.
The exterior also had a recent significant renovation completed, including new stucco and paint, new front gate, new landscaping, newly paved parking lot, some new fencing and paint, new wall air conditioning, and new double pane vinyl windows.
The complex is conveniently located just 2 miles from Knott’s Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, Portillo’s Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.
Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
Interior Features for 134 S Pritchard Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Heating Y/NYes
Interior AmenitiesGranite Counters
Laundry FeaturesCommon Area
Total Stories2
Window FeaturesDouble Pane Windows
Other Rooms
Entry Level1
General for 134 S Pritchard Avenue
Additional Parcels Y/NNo
AppliancesDisposal, Gas Oven, Gas Range, Range Hood, Water Heater
Building Area UnitsSquare Feet
Cap Rate5.59
Carport Spaces20
Carport Y/NYes
CityFullerton
Community FeaturesBiking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Pool
ContingencyDrive by Only.
CoolingWall/Window Unit(s)
CountyOrange
Directions91 E, Exit Magnolia North, East on Pritchard
Electric Expense3000
Entry Location1
Fuel Expense6000
Garage Spaces2
Garage Y/NYes
Gross Income478512
HeatingWall Furnace
Insurance Expense12750
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet20037.6
Lot Size UnitsAcres
MLS Area83 - Fullerton
MaintenanceExpense8500
Net Operating Income324156
New ConstructionNo
Number Of Units Total17
Open Parking Spaces1
Operating Expense154356
Pool FeaturesCommunity, Fenced, In Ground
PossessionClose Of Escrow
PostalCityFULLERTON
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameOther
Tax Lot16
Taxes$62,640
Tenant PaysCable TV, Electricity, Gas
Trash Expense0
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Sewer Expense24000
Year Built1964
Year Built SourceAssessor
Exterior for 134 S Pritchard Avenue
Building Area Total11750
Lot Features16-20 Units/Acre
Lot Size Acres0.46
Lot Size Area0.46
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters1
Parking FeaturesAssigned, Carport
Pool Charge3600
Private PoolNo
Total Parking23
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®

SQFT • 11,750