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2024 E Whiting Ave 6 Unit Apartment Building $3,125,213 CAD ($520,869 CAD/Unit) 4.62% Cap Rate Fullerton, CA 92831
Investment Highlights
- Pride of Ownership 6 Units in Fullerton
- Over $200,000 in Upgrades
- Located Blocks from CSUF and under 2 Miles from Downtown Fullerton
- Attractive Mix of (4) 2BD/1BA and (2) 1BD/1BA
- ADU Potential
Executive Summary
Morgan Skenderian is pleased to present 2024 E. Whiting Avenue, a pride of ownership 6 unit apartment complex in the city of Fullerton. Over the past few years, current ownership has invested over $200,000 in upgrades. Five of the six apartments have been renovated, the exterior has been painted giving it a modern aesthetic, new windows were installed, and the landscaping was replaced with beautiful, drought tolerant turf and rose bushes. Tenant amenities include gas cooking, wall heating, garage parking, an onsite laundry facility, and a gated court yard with tables and chairs. Renters also benefit from the property’s proximity to Downtown Fullerton (approximately 2 miles) and Cal State Fullerton University (approximately 1 mile) as wells it’s convenient access to the 57, 91 & 5 Freeways allowing expedient travel throughout Orange & Los Angeles County. Finally, new ownership will have the ability to add up to two ADUs on the subject property which will add immediate value to this well located, turnkey asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,125,213 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $520,869 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.62% | Building Size | 4,660 SF |
| Gross Rent Multiplier | 14.68 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.29/1,000 SF |
| Zoning | R-3, Fullerton | ||
| Price | $3,125,213 CAD |
| Price Per Unit | $520,869 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 14.68 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,660 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R-3, Fullerton |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,644 CAD | 700 |
| 2+1 | 4 | $3,085 CAD | 800 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 269-093-03 | Total Assessment | $2,644,219 CAD |
| Land Assessment | $2,397,232 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $246,987 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
269-093-03
Land Assessment
$2,397,232 CAD
Improvements Assessment
$246,987 CAD
Total Assessment
$2,644,219 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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2024 E Whiting Ave
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