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1321 S Vine Avenue AVE Fullerton, CA 92833
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Key Details
Sold Price $21,675,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 56,028 sqft
Price per Sqft $386
MLS Listing ID PW19220903
Sold Date 01/21/20
HOA Y/N No
Year Built 1964
Lot Size 2.160 Acres
Acres 2.16
Property Description
The Vine Fullerton Apartment Homes is a 98 unit investment opportunity in the desirable city of Fullerton. The Vine Fullerton Apartments is a very
well maintained property situated on 2.55 acres with meandering sidewalks through beautifully landscaped grounds with an inviting swimming pool, fitness center, and laundry facility. The unit mix consists primarily of efficient one bedroom units, many of which have large patios.
The Vine Fullerton Apartments have been recently renovated on the interior as well as the exterior. Interior renovations for a number of units include new flooring, paint, counter tops, appliances, upgraded electrical and plumbing. Exterior renovations include new windows, leasing office, fitness center, laundry room, pool furniture, railing, gates, stairs, signage, upgraded landscape, and a new camera security system.
Although there has been a significant amount of work done to the property, there still remains many upgrades that can be done to the exterior as well as the interior of the units. Rebranding the asset with a total renovation upgrade package to the interiors to include new kitchen cabinets, granite counter tops, new appliances, and hard surface flooring along with integrating a full RUBS program to the property will give a new owner significant amount of upside in income while lower operational expenses.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Common Area
Exterior
Garage Spaces 85.0
Pool Private
Community Features Curbs, Gutters, Sidewalks
Private Pool Yes
Building
Lot Description Lot Over 40000 Sqft
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 1.25
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Jay Skenderian
SHOW CONTACT PH 9492518800
SHOW INSTRUCTIONS Contact listing agent for more in formation
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Bought with Morgan Skenderian