We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.
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