Parkin Gardens Apartments

1201 S. Gilbert St. | Fullerton, CA

The property has been operated approximately a year by a receiver that was ordered by the court to cure all deferred maintenance and bring the property up to standards acceptable to city inspectors. Final Inspection is slated for the 2nd week of September 2009.

Units:45
Year Built:1965
Price:$6,000,000
Down Payment:$1,925,000 (32.1%)
Per Unit Price:$133,333
Per Square Foot Price:$133
GRM:8.22
Cap Rate:7.1%
Cash Flow:$133,674
Mix:2BR+1 1/2BA;THse(39), 3BR+1 1/2BA;THse(6)

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