123 Lincoln Ave, Fullerton, CA 92831-4570

This exceptional 12-unit apartment building, known as the Lincoln Apartments, presents a compelling investment opportunity in Fullerton, California. Located at 123 S Lincoln Ave, 92831, this stabilized multifamily property boasts a total of 9,873 square feet situated on a substantial 21,344 square foot lot. The property consists of four, two-story buildings, built in 1955 and extensively renovated in 2023. Currently operating at 100% occupancy, the Lincoln Apartments generate a Net Operating Income (NOI) of $229,503, with a pro-forma NOI projected at $264,423, reflecting a 4.68% cap rate and a pro-forma cap rate of 5.40%. The asking price is $4,900,000, translating to $496.30 per square foot and $408,333.33 per unit. Key features include ample parking, private garages with potential for Accessory Dwelling Unit (ADU) conversion, private patios, and in-unit washer/dryer hookups. Its convenient cul-de-sac location near downtown Fullerton offers residents easy access to local amenities. This turnkey investment provides immediate cash flow with significant upside potential, making it an attractive opportunity for discerning investors seeking a stable and appreciating asset in a desirable location. The property's APN is 03318328/29.