2024-30 E Wilshire Avenue

Fullerton is located at the northern tip of Orange County, just south of Los Angeles County. Almost 50% of Fullerton residents live in rental housing units and it's very easy to see why Fullerton is one of North Orange County's more desirable residential communities and is home to major emplyers such as Saint Jude Medical Center, Cal State Fullerton University, and Beckman Industries. The city is a multi-faceted community with 54 churches, 2 libraries and 2 newspapers. It is also home to California State University-Fullerton, Fullerton College, Southern California College of Optometry, and Western State University College of Law. The city's redevelopment manager has stated the city has followed the "new urbanism" trend. However, the new urbanism hasn't stopped Fullerton's old town charm. Downtown Fullerton offers quaint old town atmosphere with a cluster of more than 70 historic buildings, weekly farmer's markets and frequent outdoor concerts.Morgan Skenderian, Inc., is pleased to present this unique opportunity to acquire two side-by-side fourplexes (on separate parcels) in Fullerton. Built in 1963, and situated on over 16,000 square feet of land, this pride of ownership property features a desirable unit mix consisting of (4) two bedroom/two bathroom units and (4) three bedroom/two bathroom units. Some of the property amenities include (2) onsite laundry facilities, private patios, fireplaces, central heat & A/C and (6) double-car garages for a 1.5 to 1 parking ratio. This property has been professionally managed and meticulously maintained for years, and, just recently, current ownership installed all new electrical sub panels for all 8 units and each laundry room, and replaced the main electrical panel. Further, both buildings have been inspected by a licensed contractor and are SB 721 compliant. All of the units are individually metered for electricity and gas. Phenomenally located within the city of Fullerton, these properties are located just over 1 mile from Cal State Fullerton, Downtown Fullerton, Fullerton Train Station and Fullerton College, providing strong rental demand for the property. Additionally, the property is centrally located near State Route 91 and State Route 57, allowing for ease of access to regional employment hubs in Los Angeles and Orange County.