136 Un Ave Fullerton, CA 92832-1251

This 14-unit apartment building, located in Fullerton, California's desirable Golden Hills neighborhood, presents a compelling value-add investment opportunity. Built in 1957, the property comprises ten spacious two-bedroom units and four one-bedroom units, each equipped with a gas range top, oven, and wall heating. Several units boast recent upgrades, including faux wood flooring, and select units offer private patios or balconies. Recent improvements include SB-721 compliant balcony and walkway upgrades. Community amenities include convenient garage parking, a laundry facility, and meticulously maintained landscaping. The property sits on a 20,904 square foot lot and offers a total of 12,182 net rentable square feet. The current Net Operating Income (NOI) is $235,217, with a pro-forma NOI of $300,141 reflecting a potential 20% rental upside and a 6.08% pro-forma capitalization rate. The asking price is $4,940,000, representing a price per square foot of $410.44 and a price per unit of $352,857.14. This property has been on the market for over 20 years and offers potential for an Accessory Dwelling Unit (ADU). The building includes 14 garage and parking spaces. This is a rare opportunity to acquire a well-located, income-producing asset with significant upside potential.