Fullerton, CA 92833,1321 S Vine Avenue AVE
Fullerton, CA 92833,1321 S Vine Avenue AVE
Fullerton, CA 92833,1321 S Vine Avenue AVE
25
$21,675,000
$24,500,000
11.5%
Est.Price: ?

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56,028 SqFt

1321 S Vine Avenue AVE Fullerton, CA 92833

Est. payment /mo
SOLD DATE : 01/21/2020

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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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CRMLS Plus
Listed by Morgan Skenderian
Bought with Morgan Skenderian
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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