Eight-Unit Apartment
New
For Sale
$1,900,000
1000 S Highland Ave, Fullerton, CA 92832
A gated community combines on-site laundry with a mix of updated and unimproved one-bedroom residences.
Property Size5,746 SF
Price / SF$330.66
Days on Market4
Property Features for 1000 S Highland Ave
General Information
Standard status
Active
Size
5,746 SF
Property subtype
Multi-Family
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Amenities
gated front entrance
on-site laundry
Building Details
Year Built
1959
Listed By:
Anvil Real Estate
(949) 449-2770
Source:
Anvilreinc
Added: Oct 30
Last Checked: Nov 1 at 5:32AM
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 Anvil Real Estate
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Investment Insights
Based on property information with market context.
This eight-unit apartment property contains one-bedroom, one-bathroom residences across 5,746 square feet. Built in 1959, the building has a new roof, fresh exterior paint, and a wrought iron entry gate. Some unit interiors have been updated, while others retain the opportunity for further improvements.
Residents have access to on-site laundry, and the front entrance is gated. The property is located at 1000 S Highland Ave in Fullerton, California.
Residents have access to on-site laundry, and the front entrance is gated. The property is located at 1000 S Highland Ave in Fullerton, California.
Key Highlights
- Eight apartments, each with one bedroom and one bathroom
- 5,746 square feet; built in 1959
- New roof and fresh exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,975
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,919,500
$1.9M
Cap Rate 7%
$1,371,071
$1.4M
Cap Rate 9%
$1,066,389
$1.1M
Market Conditions
NOI Build-Up for 5,746 SF
Gross rent
$182.7K $31.80/SF
− Vacancy
−$8.2K −$1.43/SF
EGI
$174.5K $30.37/SF
− OpEx
−$78.5K −$13.67/SF
NOI
$96.0K $16.70/SF
Area
Fullerton, CA
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,919,500
Cap Rate 7%
$1,371,071
Cap Rate 9%
$1,066,389
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,975 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,339 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A gated community combines on-site laundry with a mix of updated and unimproved one-bedroom residences.
Where is this apartment building located?
The property is located at 1000 S Highland Ave Fullerton, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Eight apartments, each with one bedroom and one bathroom; 5,746 square feet; built in 1959; New roof and fresh exterior paint
