2550 College Place
2550 College Place
$8,700,000
3
32
17,296
17,296
$503
Active Under Contract
Description
2550 College Place is an 18-unit multifamily investment property located directly adjacent to the campuses of Hope International University (HIU) and California State University, Fullerton (CSUF). 2550 College Place offers a highly desirable mix of 4, one-bedroom units and 14, two-bedroom units, each with a private patio or balcony. The property offers a gated parking garage and an on-site laundry facility, two highly desirable amenities for potential renters. 2550 College Place benefits from its...2550 College Place is an 18-unit multifamily investment property located directly adjacent to the campuses of Hope International University (HIU) and California State University, Fullerton (CSUF). 2550 College Place offers a highly desirable mix of 4, one-bedroom units and 14, two-bedroom units, each with a private patio or balcony. The property offers a gated parking garage and an on-site laundry facility, two highly desirable amenities for potential renters. 2550 College Place benefits from its optimal Fullerton location, within walking distance of HIU and CSUF, major employment and housing drivers for the area. Currently just 3 percent of CSUF students live in college-owned, -operated, or -affiliated housing leaving a substantial demand for the more than 40,000 enrolled students to find campus adjacent housing. Additionally, residents enjoy convenient access to downtown Fullerton, a popular destination for dining, entertainment, and nightlife. Furthermore, the property benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California. Given the property’s unique location, adjacent to HIU and CSUF, the property offers an investor the ability to capture quality tenants seeking an optimal location with access to the universities as well as a wide variety of activities and area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2550 College Place.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086
Property Details for 2550 College Place
Parking Spaces Total
21
Private PoolNo
Total Units18.0
Building TypeDetached
Lot Size SourceAssessor
Living Area17296
Assessor Parcel Number338-112-14
Property Attached YNfalse
Location
LISTING UPDATED: 05/25/2024 02:26 PM
Property Details for 2550 College Place
Status | Active Under Contract |
---|---|
MLS # | OC24100402 |
Days on Market | 8 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1988 |
County | Orange County |
Location
Building Information for 2550 College Place
Building/Complex2550 College PlFloor-Stories2Residences-Pet Policy-Year Built1988Building Size-
Payment Calculator
$52,740 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2550 College Place
Property History for 2550 College Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2550 College Place
Taxable ValueLand$3,468,000Additions$2,040,000Total$5,508,000
Tax Record2023$63,136 ($5,261 / month)
Home Facts
Total Finished SqFt17,296 SqFtAbove Grade Finished SqFt17,296 SqFtLot Size19,615 SqFtStyleMulti-Family Dwelling (2-4)Year Built1988CountyORANGEAPN338-112-14
Schools near 2550 College Place
This home is within Fullerton Joint Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Commonwealth Elementary School PublicK to 6 | ||
Ladera Vista Junior High School Public7 to 8 | ||
Troy High School Public9 to 12 | ||
La Vista High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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