$ 8,700,000
2550 College Place Fullerton, CA 92831
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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 8,700,000
Est. payment | /mo
17,296 SqFt
$ 8,700,000
Est. payment | /mo
17,296 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 17,296 sqft
Price per Sqft $503
MLS Listing ID CROC24100402
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1988
Lot Size 0.460 Acres
Property 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 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
Location
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level
Water Public
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