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.
Property Details
Property Features
Property Information:
Year Built: 1988
Stories: 2
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Phone: (714) 713-9086
Listing Agent: Tyler Leeson
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 21 spaces
Lot Features
Lot Information:
Lot Size: 0.46 Acres
School Info
Assigned Schools Information:
Troy High School, Public Magnet Grades 9-12
Ladera Vista Junior High School, Public District Grades 7-8
Commonwealth Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Cross Streets of College Place & North Placentia Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $8,700,000
Tax Information:
Annual Amount: $54,637
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Fullerton, CA.
This property is $7.7M more than the Median Sold Price in Fullerton, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24100402
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Phone: (714) 713-9086
Listing Agent: Tyler Leeson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/9/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 31, 2016
May 31, 2016Home Sold
$4,250,000
Sep 16, 1991
Sep 16, 1991Home Sold
$704,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$54,637
$4,647,995
2020
$54,281
$4,600,336
2019
$52,114
$4,510,134
2018
$52,114
$4,421,700
2017
$51,257
$4,335,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Commonwealth Elementary School
2200 E Commonwealth Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-6
Middle School
6
/10
Ladera Vista Junior High School
1700 E Wilshire Ave
Distance between this listing and this school0.67 miles
Public District Grades 7-8
High School
10
/10
Troy High School
2200 Dorothy Ln
Distance between this listing and this school0.62 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Commonwealth Elementary School
2200 E Commonwealth Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-6
Nearby Schools
4
/10
Ruby Drive Elementary School
601 Ruby Dr
Distance between this listing and this school0.72 miles
Public District Grades KG-6
9
/10
Acacia Elementary School
1200 N Acacia Ave
Distance between this listing and this school0.84 miles
Public Magnet Grades KG-6
Assigned Schools
6
/10
Ladera Vista Junior High School
1700 E Wilshire Ave
Distance between this listing and this school0.67 miles
Public District Grades 7-8
Nearby Schools
6
/10
Kraemer Middle School
645 N Angelina Dr
Distance between this listing and this school1.16 miles
Public Magnet Grades 7-8
5
/10
Valadez Middle School Academy
161 E La Jolla St
Distance between this listing and this school1.38 miles
Public District Grades 6-8
Assigned Schools
10
/10
Troy High School
2200 Dorothy Ln
Distance between this listing and this school0.62 miles
Public Magnet Grades 9-12
Nearby Schools
2
/10
La Vista High (Continuation)
909 N State College Blvd
Distance between this listing and this school0.36 miles
Public District Grades 9-12
5
/10
La Sierra High (Alternative)
951 N State College Blvd
Distance between this listing and this school0.50 miles
The neighbors living near this home have an average income of $14,439. Residents of Fullerton, CA typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2550 College Pl
What is the listing price of this property?
The listing price of 2550 College Pl property is $8,700,000.
What type of property is this?
The property 2550 College Pl is a condo located in Fullerton, California, 92831.
Is this property for sale now?
Active Listing: 2550 College Pl is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2550 College Pl are: Commonwealth Elementary School: GreatSchools Rating 5/10Ladera Vista Junior High School: GreatSchools Rating 6/10Troy High School: GreatSchools Rating 10/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $54,637 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 31, 2016 for $4,250,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 2550 College Pl is 1988.
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This home is located at 2550 College Pl in Fullerton, CA and zip code 92831. This home, which was built in 1988, sits on a 0.46 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $8,700,000.
Fullerton, CA housing market in May 2024 saw over 57 listings sold above listed price, more than 10 sold at listed price and over 26 sold below. In May 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $941,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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