The property consists of (20) 1 Bedroom / 1 Bath units situated on two parcels of land, with a large central courtyard that may provide potential for multiple ADUs. The property offers 24 total parking spaces, including 10 two-car garages and four additional spaces. The garages may also provide future ADU conversion potential, creating an opportunity to add units and enhance long-term value. Ideally located just 0.9 miles from Cal State Fullerton and approximately 2.1 miles from Downtown Fullerton, the property benefits from strong rental demand and excellent long-term investment appeal.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
24,632 sq. ft.2,288 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1959
(Age: 67)
General Listing Location:
Fullerton, 83 - Fullerton
County Or Parish:
Orange
Common Interest:
Community Apartment
Gross Income:
$501,600
Gross Scheduled Income:
$501,600
Net Operating Income:
$332,555
Rent Control:
No
Land Lease:
No
Electric Expense:
$1,695
Fuel Expense:
$6,894
Insurance Expense:
$18,756
Operating Expense:
$153,997
Professional Management Expense:
$21,895
Trash Expense:
$2,481
Water and Sewer Expense:
$14,474
Tax Lot:
0
Oct 09, 2026
Exit South on State College from 91 Freeway, turn left on Commonwealth