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$8,700,000

Beds
Unknown
sq ft
17,296

2550 College Pl, Fullerton, CA 92831

2550 College Pl

Fullerton, CA 92831

  • 46 days on market
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.

Details

Property type

Apartment

Lot size

0.46 acres

Price per sq ft

$504

Year built

1988

Price History

06/05/2024
CRMLS

CRMLS #OC24100402

Listed
$8,700,000
05/22/2024
CRMLS

CRMLS #OC24100402

Pending
$8,700,000
05/17/2024
CRMLS

CRMLS #OC24100402

Listed
$8,700,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Status: Active

Tomo last checked: 07/02/2024 at 4:25 PM

Listing updated: 06/05/2024 at 7:53 AM

Listed by: Tyler Leeson, Marcus & Millichap RE Invest Phone #: (949) 419-3200

MLS: CRMLS #OC24100402

CRMLS logo

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