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Sold for $8,500,000
  • Listed by: Marcus & Millichap RE Invest • Tyler Leeson • Contact: 949-419-3326
    Bought with: CB Richard Ellis, Inc.
    $8,500,000

    2550 College Pl, Fullerton, CA 92831

    32beds
    32baths
    17,296sqft
    Multi Family
    Built in 1988
    -- sqft lot
    $-- Zestimate®
    $491/sqft
    $4,035 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,035/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with:

    Daniel Blackwell, DRE #01854961

    CB Richard Ellis, Inc.

    Source: CRMLS,MLS#: OC24100402MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 32
    • Bathrooms: 32
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 17,296
    • Total interior livable area: 17,296 sqft

    Property

    Parking
    • Total spaces: 21
    • Parking features: Garage
    • Garage spaces: 21
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: First Level
    • Pool features: None
    Lot
    • Size: 0.46 Acres
    • Features: Street Level
    Details
    • Parcel number: 33811214
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1988

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    • Subdivision: College Area
    Location
    • Region: Fullerton

    Financial & listing details

    • Price per square foot: $491/sqft
    • Date on market: 5/17/2024
    • Cumulative days on market: 136 days
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    12/5/2024Sold$8,500,000-2.3%$491/sqft
    Source: CRMLS #OC24100402 Report a problem
    11/11/2024Pending sale$8,700,000$503/sqft
    Source: CRMLS #OC24100402 Report a problem
    10/1/2024Contingent$8,700,000$503/sqft
    Source: CRMLS #OC24100402 Report a problem
    6/5/2024Listed for sale$8,700,000$503/sqft
    Source: CRMLS #OC24100402 Report a problem
    5/22/2024Contingent$8,700,000$503/sqft
    Source: CRMLS #OC24100402 Report a problem
    5/17/2024Listed for sale$8,700,000$503/sqft
    Source: CRMLS #OC24100402 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92831

    Nearby schools

    GreatSchools rating