Courtyard 6-Unit Apartment
For Sale
$2,200,000
100 E Ash, Fullerton, CA 92832
1976-built courtyard apartment with one one-bedroom and five two-bedroom units, eight garages plus open parking.
Property Size5,126 SF
Days on Market47
Property Features for 100 E Ash
General Information
Standard status
Active
Size
5,126 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA, 5 x 2BR
Multifamily Units
6
Amenities
dedicated storage
Building Details
Building Size
5,126 SF
Year Built
1976
Construction
courtyard-style
Listing Agency:
Gorman & Associates
(714) 255-9998
Listed By:
Timothy Gorman · License #01929799
Source:
Altamirarealty
Added: Jun 19
Changed: Jul 31
Last Checked: Aug 3 at 11:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gorman & Associates
Investment Insights
Based on property information with market context.
Courtyard-style six-unit apartment property built in 1976, offered for sale for the first time since 1977. The unit mix consists of one one-bedroom/one-bath unit and five two-bedroom units. Ownership has completed extensive upgrades over the years, including newer windows, sliding glass doors, flooring, and balcony improvements. The property is presented in clean condition with no apparent deferred maintenance.
The building includes parking and tenant storage designed around garages, with eight garages plus additional open parking spaces. Each garage provides dedicated storage. All units are billed through a RUBS utility reimbursement program, supporting utility reimbursement and expense recovery.
Located in an established Fullerton neighborhood surrounded by a balanced mix of multifamily and single-family residences, the complex benefits from a quieter local setting with limited neighborhood congestion and ongoing area investment and redevelopment.
The building includes parking and tenant storage designed around garages, with eight garages plus additional open parking spaces. Each garage provides dedicated storage. All units are billed through a RUBS utility reimbursement program, supporting utility reimbursement and expense recovery.
Located in an established Fullerton neighborhood surrounded by a balanced mix of multifamily and single-family residences, the complex benefits from a quieter local setting with limited neighborhood congestion and ongoing area investment and redevelopment.
Key Highlights
- Courtyard‑style six‑unit building: 1 one‑bedroom/1‑bath unit and 5 two‑bedroom units
- Extensive upgrades include newer windows, sliding glass doors, flooring, and balcony improvements
- Parking includes 8 garages plus additional open parking spaces, with dedicated storage in each garage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.0k | $31.80 |
| − Vacancy | −$7.3k | −$1.43 |
| EGI | $155.7k | $30.37 |
| − OpEx | −$70.1k | −$13.67 |
| NOI | $85.6k | $16.70 |
5,126 SF · lease $31.80/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,619 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,383 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 92832, CA
26,277
Population
9,170
Households
2.9
Avg Household Size
35
Median Age
32%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
9,061
Density / Sq Mi
$92,588
Median Household Income
$42,634
Median Earnings
$2,027
Median Rent
$773,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1976-built courtyard apartment with one one-bedroom and five two-bedroom units, eight garages plus open parking.
Where is this apartment building located?
The property is located at 100 E Ash Fullerton, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Courtyard‑style six‑unit building: 1 one‑bedroom/1‑bath unit and 5 two‑bedroom units; Extensive upgrades include newer windows, sliding glass doors, flooring, and balcony improvements; Parking includes 8 garages plus additional open parking spaces, with dedicated storage in each garage
