2550 College Place, Fullerton

$8,700,000

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3

Beds

3

Baths

0.46

Acres

Listing Agent
Tyler Leeson - Marcus & Millichap RE Invest

About 2550 College Place

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.

Features of 2550 College Place

MLS® # OC24100402
Price $8,700,000
Bedrooms 3
Bathrooms 3.00
Acres 0.46
Year Built 1988
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 2550 College Place
Area 83 - Fullerton
Subdivision College Area
City Fullerton
County Orange
Zip Code 92831

Amenities

Parking Spaces 21
# of Garages 21
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Street Level

Additional Information

Date Listed May 17th, 2024
Days on Market 59
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentTyler Leeson
OfficeMarcus & Millichap RE Invest

Listing Map

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