925 Malden Ave Fullerton, CA 92832-2992
- Apartment buildings
- 10,123 SF
- 0.34 lot acres
Aug 08, 2022
Current Use by Public Records
- Apartment buildings
Property Details for 925 Malden Ave
- Year built
- 1962
- Lot size
- 0.34 lot acres
- Property size
- 10,123 SF
- Property type
- Apartment buildings
- APN
- 073-072-30
- APU
- 7307230
Description
This exceptional 12-unit apartment complex, known as Malden Villas Apartments, presents a compelling investment opportunity in the thriving city of Fullerton, California. Located at 925 S Malden Ave, Fullerton, CA 92832, this property boasts a desirable location near Downtown Fullerton, Fullerton College, and California State University, Fullerton, ensuring strong rental demand. The complex comprises primarily spacious two-bedroom units, offering an efficient and manageable unit mix. Recently undergoing extensive renovations, Malden Villas showcases a modern aesthetic with significant upgrades completed within the past year. These improvements encompass new appliances, stylish laminate wood flooring, elegant quartz countertops, updated cabinetry, and upgraded bathrooms throughout. Further enhancing the property's appeal are convenient amenities such as garage parking and a shared laundry facility. The building also features modern copper plumbing. The exterior has also been updated, resulting in excellent curb appeal. With all major capital improvements recently completed, this turnkey asset requires minimal management and offers immediate rental income potential. The asking price for this exceptional property is $4,750,000. This is a rare opportunity to acquire a well-maintained, high-demand apartment complex in a prime Fullerton location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,720,000
- ML approach
- $3,775,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,820,000
- 6.5%
- $2,600,000
- 7%
- $2,415,000
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Location Insight
- Map
- Local Demand
- City
- Fullerton
- County
- Orange
- State
- California
- Longitude
- -117.927
- Latitude
- 33.862
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA