Address
2736 W Orangethorpe Avenue W Fullerton, CA
Price
$ 3,650,000
Property Attributes
  • MLS#PW21013625
  • TypePending
  • CountyORANGE
  • CityFullerton
  • AreaFullerton
  • Zip92833
  • StyleSpecial Purpose
  • Year Built1965
  • Taxes$ 38750
  • Price$ 3,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17161
  • Lot Size0.98 Acres
Listing Provided Courtesy Of:
James Cameron with Berkshire Hathaway Home Svc. - 714-875-1857
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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 Description 071-051-93
Additional Parcels Y/N Yes
Building Name Fullerton West Executive Offices
Business Type Accounting, Administrative and Support, Advertising
Co-Listing Agent State License # 01919378
Co-listing Agent Stephen Almond - BRE#01919378
Construction Materials Stucco
Cooling Wall/Window Unit(s)
Electric Electricity - On Property
Heating Wall Furnace
Listing Agent James Cameron - BRE#01238311
Listing Agent State License 01238311
MLS Area 83 - Fullerton
Open Parking Spaces 72
Property Sub Type Additional Special Purpose
Property SubType Special Purpose
Property Type Commercial Sale
Roof Asphalt, Flat
Security Features Closed Circuit Camera(s), Window Bars
Special Listing Conditions Standard, Trust
Status Pending
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 92833

Price
AVG $880K
$3.65M
Taxes
AVG $38,750
$38,750
Visits
AVG 71
175
Year Built
AVG 1977
1965
Walkscore
AVG 53
62
Data Provided by Walkscore ® not using MLS data

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