Fullerton Apartment Complex with
For Sale
$6,090,000
111 N Stanford Avenue, Fullerton, CA 92831
18-unit apartment complex in high-demand Fullerton location.
Property Size11,013 SF
Days on Market357
Property Features for 111 N Stanford Avenue
General Information
Standard status
Active
Size
11,013 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$51,627
Building Details
Building Size
11,013 SF
Year Built
1973
Listing Agency:
Circa Properties, Inc.
Listed By:
Susan Hirzel · License #01904282
(714) 225-2014
Source:
Archetyperealty
Added: Oct 24, 2025
Changed: Oct 4
Last Checked: Oct 15 at 5:39AM
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 Circa Properties, Inc.
Investment Insights
Based on property information with market context.
The Stanford Apartments is an 18-unit apartment community situated in a high-demand area of Fullerton. This two-story, gated complex features eighteen one-bedroom, one-bathroom apartments, each with its own enclosed single-car garage, along with nine additional garages that provide additional revenue. Amenities include two on-site coined laundry rooms, an on-site pool, grass areas, driveway parking, and an additional parking pad. Recent improvements include new exterior paint, new exterior lighting, and new electrical panels. Most of the units have been remodeled with laminate or LVP flooring, new ceiling fans and lights, new stoves, new A/C units, new paint, and window coverings. Six of the units offer a private fenced yard, and three of the units have a private balcony. Built in 1973, this property has been diligently maintained and offers steady rental income with long-term tenants and low-maintenance ownership, making it suitable for investors seeking cash flow and value-add potential. The property is situated at the end of a quiet cul-de-sac and conveniently located close to Downtown Fullerton, Fullerton College, Fullerton Train Station, Cal State Fullerton, and the 91 and 57 freeways.
Key Highlights
- High‑demand Fullerton location near Downtown, Fullerton College, CSUF, and transportation.
- 18 units with steady rental income, long‑term tenants, and low‑maintenance ownership.
- Each unit includes a private, enclosed single‑car garage, plus 9 additional garages for extra revenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,950
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,679,000
$3.7M
Cap Rate 7%
$2,627,857
$2.6M
Cap Rate 9%
$2,043,889
$2.0M
Market Conditions
NOI Build-Up for 11,013 SF
Gross rent
$350.2K $31.80/SF
− Vacancy
−$15.8K −$1.43/SF
EGI
$334.5K $30.37/SF
− OpEx
−$150.5K −$13.67/SF
NOI
$183.9K $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%
$3,679,000
Cap Rate 7%
$2,627,857
Cap Rate 9%
$2,043,889
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $183,950 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,895 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 92831, CA
38,953
Population
13,691
Households
2.8
Avg Household Size
31
Median Age
44%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
6,602
Density / Sq Mi
$89,451
Median Household Income
$41,878
Median Earnings
$2,093
Median Rent
$821,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit apartment complex in high-demand Fullerton location.
Where is this apartment building located?
The property is located at 111 N Stanford Avenue Fullerton, CA.
What is the asking price?
The asking price for this property is $6,090,000.
What are key features of this property?
This property features: High‑demand Fullerton location near Downtown, Fullerton College, CSUF, and transportation.; 18 units with steady rental income, long‑term tenants, and low‑maintenance ownership.; Each unit includes a private, enclosed single‑car garage, plus 9 additional garages for extra revenue.
