$6,195,000
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1113 1119, 11 W Porter Avenue W, Fullerton, CA 92833

0 Beds
0 Baths
14,211 Sq Ft

This offering consists of three buildings on three individual parcels with addresses including 1113, 1119 and 1125 West Porter Avenue.The Porter Avenue property is a well maintained, well located, 18 unit apartment community consisting of three buildings on three separate parcels in the City of Fullerton. All of the units are two-bedroom / one-bath floor plans.In addition to being a clean, attractive asset, what sets this property apart from its competitive set is its highly desirable location nestled in the midst of single family homes averaging in value between $700,000 and $823,000 according to Zillow. It is also just a short walk to Nicolas Junior High School and Nicolas Park, and within walking distance to Orangethorpe Plaza and Fullerton Marketplace - home to Food4Less supermarket. Also within close proximity, at the intersection of Orangethorpe and Euclid, are three major retail centers including Fullerton Town Center, Metro Center Fullerton and Orangefair Marketplace.Despite the propertys intrinsic advantages of location and condition, rents are at least 11.24% below market with the current unit upgrades . That equates to an estimated NOI upside of over 18.31%. By leveling rents at the property in its as-is condition, an investor has an easy path of upside to a 14.61 GRM which equates to a 4.05% cap rate with expenses fully underwritten to include professional management, onsite payroll and capital reserves of $250 per unit per year.PROPERTY TOURS MUST BE COORDINATED WITH THE LISTING AGENT.PLEASE DO NOT DISTURB TENANTS OR ONSITE STAFF.MAKE ALL OFFERS SUBJECT TO INSPECTION

  • MLS# OC21158324
  • Date Listed07/08/2021
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.18 acres (7,841 sq. ft)
  • Sewer Public Sewer
  • Subdivision Fullerton Heights (FULH)
  • Property Type Apartment
  • County Orange
  • Year Built 1960
  • Water Public
  • Square Feet 14,211 sq. ft
  • Price Per Sq. Ft $435.93

Interior Features

  • Appliances Built- In Range, Disposal, Gas Range, High Efficiency Water Heater
  • Flooring Vinyl
  • Cooling None
  • Heating Other

Exterior / Lot Features

  • Exterior Lighting
  • Roof Flat
  • Lot Size Acres 0.18
  • Lot Size SQFT 7,840.80
  • Lot Features 31-35 Units/ Acre, Corner Lot, Cul- De- Sac, Landscaped

Financial Considerations

  • Tax Amount $6,195,000
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 92833

Source: Walkscore

75/100

Very Walkable

Walk Score ®

34/100

Some Transit

Transit Score ®

73/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

3 nearby routes: 3 bus, 0 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 59/100, Transit Score: 35/100, Bike Score: 47/100.

Points of Interest near 1113 1119, 11 W Porter Avenue W, Fullerton, CA 92833

Frequently Asked Questions for 1113 1119, 11 W Porter Avenue W

Source: Realty.com

1113 1119, 11 W Porter Avenue W, Fullerton, CA 92833 is a Apartment, Residential Income property listed for $6,195,000 The property is 14211 sq. ft with 0 bedrooms and 0 bathrooms

Realty.com has 7 photos of 1113 1119, 11 W Porter Avenue W.

Our records indicate that 1113 1119, 11 W Porter Avenue W was built in 1960.

The full address for this home is 1113 1119, 11 W Porter Avenue W, Fullerton, CA 92833.

1113 1119, 11 W Porter Avenue W has been listed on Realty.com since Thu July 08, 2021

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 59/100, Transit Score: 35/100, Bike Score: 47/100.

There are 3 schools assigned to this home. Check out the schools near 1113 1119, 11 W Porter Avenue W. Pacific Drive Elementary School (Grades: PK - 6), Nicolas Junior High School (Grades: 7 - 8), Sunny Hills High School (Grades: 9 - 12)

Listing provided courtesy of: Marcus & Millichap Re Invest (tel: 949-419-3200)
Listing agent: Joseph Berkson (tel: 949-419-3232) (#OCBERKJOS)

This content last refreshed on 2025-11-26 01:43:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1113 1119, 11 W Porter Avenue W, Fullerton, CA 92833 : MLS# OC21158324