655 Drake Ave, Fullerton, CA 92832

Property Description

An ideal and unique opportunity awaits in coveted Golden Hills. 655 Drake Ave offers a rare chance to purchase a two on a lot property in a prized single family home neighborhood. The main home sits at street level and comprises 2 Bedrooms PLUS DEN, 2 Bathrooms in approx. 1,600 sq feet, on two levels. Built in 1996, the fully detached ADU comprises 1 Bedroom and 1 Bathroom with a huge deck sitting above 3 single car garages, enjoying private access via Leland Drive. The main home was built in 1952 and retains many of its original architectural details include beamed ceilings, wainscoting and multiple built ins. The unique lay out provides a lower level with family room and separate entry, perhaps allowing for an ideal work at home arrangement or multi-generational living. A large deck runs across the rear of the home creating a tree house feeling overlooking the trees and canyon beyond. A shaded rear yard is private and is one of the ways to access the ADU down the hillside. Built in 1996, with permits, the ADU is a spacious 1 Bed, 1 Bath unit that sits on top of 3 single car garages and enjoys its own deck and easy access via Leland Drive with a small driveway for 1 or 2 cars. The property is currently rented and generating a total annual income of $48,000, providing a solid 3.8% CAP rate. Great proximity to schools, shopping, DT Fullerton and fwys. Don’t miss this rare and unique hillside investment or owner-occupant opportunity.