This fourteen unit garden-style apartment building represents an excellent opportunity for an investor to acquire a well-maintained property with a desirable unit mix of 6 one bedroom + one bath and 8 two bedroom + one bath units, with significant upside in rental income. Individually metered for gas and electric, these units feature wall A/C, gas cooking, wall heating, and garbage disposals. Common area amenities include garages and open parking in the rear, as well as two on-site laundry facilities for the convenience of the tenants. Ideally situated on a corner lot, the subject property is strategically located south of East Chapman Avenue and west of State College Blvd. Thus, the subject property is within a short walking distance to Ladera Vista Jr. High, a public junior high school; Troy High School, a perennial top 50 high school nationally; and Cal State Fullerton, the largest university in the CSU system in terms of enrollment in 2008.
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