For Sale $1,200,000
MLS #: PW17220118 | Built 1956 | Lot Size: 8800.0000 Acres | Area: 83 - Fullerton | Type: Other
Rare Mixed Use Investment opportunity in Downtown Fullerton Located near the corner of Chapman and Harbor. Commercial Portion fronts Whiting with parking and access from Chapman. The residential access is primarily from Chapman Side. Parking lot is located on North side and stall count depends on how it's arranged. Residential units consists of a cottage at ground level, a studio and large apartment both upstairs. Owners brought the Commercial portion of the property up to ADA standards and invested appx $200k in upgrades to the commercial portion including 400AMP electric, new front windows, drainage, sound proof walls, doors, zoned AC, air cleaning system, new condenser and coil and refrigerant and mostly all new sewer lines. Cottage unit was re-plumbed. Great opportunity to live on-site and rent out the other units. Potential for bigger development. Zoning allows for 60 DU per acre subject to setbacks, parking and open space requirements etc. Combine parcels. Architect will need to consider code requirements and put a proposal together for city to review.