Address
2736 W Orangethorpe Avenue W Fullerton, CA
Price
$ 3,650,000
Property Attributes
- MLS#PW21013625
- TypeCommercial
- CountyORANGE
- CityFullerton
- AreaFullerton
- Zip92833
- StyleSpecial Purpose
- Year Built1965
- Taxes38750
- Price$ 3,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.98 Acres
Listing Provided Courtesy Of:
James Cameron with Berkshire Hathaway Home Svc..
Data Source:
CRMLS
Property Description
The Fullerton West Executive Office Park represents a unique investment opportunity, offering 70 total units plus a separate independent cell tower income stream. 40 of the units offer exclusive Conditional Use Permits (CUP) designations for Single Display Automobile Retail License use which allows for retail automotive sales in California. The Single Display Automobile Retail Sales License CUP designation has been extended to only two buildings in Fullerton by the City Planning Commission (very few others in Orange County) creating HIGH DEMAND and high occupancy rates for these CUP units. This property also has a high volume cell phone & antenna tower generating hassle-free, steady, additional long-term income. The cell phone equipment was upgraded in 2019 & the tower, servers & back-up generator are self-managed by Triple A rated Crown Castle/AT&T requiring minimal landlord management. 30 of the units offer small executive suites for general office use. Some of the units have inside plumbing and restroom facilities, including showers. One of the tenants has a long-standing retail tobacco store. The Property is located just north of the heavily traveled 91 & 5 freeway junction/off ramp on the Southwest corner of Orangethorpe & Magnolia. The property has a free-standing retail pole and building sign that can be seen from the freeway in the day & night. The upside potential for this property and its unique income stream offer a significant opportunity for the right investor.
| Price History | |
|---|---|
| 1/30/2021 | Listed $3,990,000 |
| 3/9/2021 | 9% - $3,650,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Building Name | Fullerton West Executive Offices |
| Business Type | Accounting, Administrative and Support, Advertising |
| Construction Materials | Stucco |
| Cooling | Wall/Window Unit(s) |
| Electric | Electricity - On Property |
| Heating | Wall Furnace |
| MLS Area | 83 - Fullerton |
| Open Parking Spaces | 72 |
| Property SubType | Special Purpose |
| Property Type | Commercial Sale |
| Roof | Asphalt, Flat |
| Security Features | Closed Circuit Camera(s), Window Bars |
| Terms | Cash, Cash to New Loan, Conventional |
| Topography | Level |
| Total Units | 70 |
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
| Water Sewer Expense | 3800 |
| Zoning | General Commercial |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Laundry Features | None |
Exterior Features
| Fencing | Chain Link |
|---|---|
| Lot Dimensions | Irregular |
| Lot Features | Corner Lot, Lot Over 40000 Sqft, Near Public Transit, Level |
| Lot Size Acres | 0.98 |
| Lot Size Area | 42541 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 42541 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Park Name | Fullerton West Executive Offices |
| Total Parking | 72 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92833
Price
Taxes
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 22, 2021 9:40 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
