1000 E Commonwealth Avenue, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$1,595,000
1000 E Commonwealth Avenue, Fullerton, California 92831
0Bed
0Bath
2,550Sqft
4,706Lot
Year Built
1922
Close
-
List price
$1.59M
Original List price
$1.79M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24139587
Home ConditionGood
Features
Deck
View-

About this home

Welcome to 1000 E. Commonwealth. Newly on the market, this 3-unit complex is nestled in a great neighborhood, approximately 2 miles from CSUF and less than a mile from Fullerton Junior College. Entertainment and restaurant venues are just minutes away in Historic downtown Fullerton. The main house features a cute porch and Spanish style touches in the interior. Unit 1002, (built in 2017) features 2 bedrooms, 1 Bath, a 2nd floor balcony and a large 3rd floor rooftop deck. Unit 1002A, is a large 2 bedroom, 1 bath, 860 Sq ft dwelling that was built in 2022. Both of the recent builds feature quartz countertops and hard wood cabinets within an open floor concept. These homes are built for convenience, offering indoor laundry hook ups and off street parking. This is a wonderful opportunity for the investor who wants a nice addition to the portfolio, or the residential buyer who wants supplemental income.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot2,5503,258
43%
Lot Size4,7067,405
14%
Price$1.59M$1.4M
71%
Price per square foot$625$506
86%
Built year19221964
14%
HOA
Days on market478210
86%
Condition Rating
Good

The property consists of a main house built in 1922 and two newer units built in 2017 and 2022. The newer units feature modern kitchens with quartz countertops and hardwood cabinets, and updated bathrooms. While the main house's condition is not explicitly detailed, the presence of newer units significantly improves the overall condition. The property appears to be well-maintained and move-in ready, justifying a 'Good' rating.
Pros & Cons

Pros

Income Potential: This triplex offers excellent income potential, ideal for investors or homeowners seeking supplemental income.
Newer Construction: Two of the units were built recently (2017 and 2022), featuring modern amenities like quartz countertops and open floor plans.
Prime Location: Located near CSUF and Fullerton Junior College, with easy access to downtown Fullerton's entertainment and dining venues.

Cons

Older Main House: The main house, built in 1922, may require updates or renovations to match the newer units.
Lot Size: The lot size is relatively small, which may limit outdoor space or future expansion possibilities.

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