2800 Santiago Rd, Fullerton, CA 92835

Property Description

We are pleased to present the Santiago Villas fourplex. The Santiago Villas is a pride of ownership multifamily apartment building located on a quiet cul-de-sac on the border of Brea & Fullerton, The subject property has approximately 5000 sf of living space which is extremely large and rare for a 4 unit apartment building. The unit mix is optimal with: 1 (3+2) single story owners unit with fireplace, patios (2) and washer /dryer hookups, 1 ( 2+2) single story unit with patio and 2 (2+2) walk-up units. Currently the owner/seller occupies the 3 bedroom and would like to rent back said unit for 6 months after the close of escrow. The tenant amenities include: Central AC/Heat all Units, 8 garage spaces & 3 open parking spaces, common laundry room with coin-op owned machines (that are included in the sale), and separate gas and electric meters for each unit. The units have undergone many renovations; in the interior these include new cabinetry, quartz/granite counter tops, appliances, luxury plank flooring, paint and more; on the exterior these include: new concrete parking stalls and garage apron, newer exterior paint and more. $104,760. actual gross rents with upside to $114,780 annual gross on market rents. Priced to sell competitively with a model match closing in the same price tract on 10/26/20 with similar renovations and rents, but the comp had arguably an inferior location in the tract located on highly trafficked Bastanchury Road.