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

home-pic
ACTIVE$1,595,000
1000 E Commonwealth Avenue, Fullerton, California 92831
6Beds
4Baths
2,550Sqft
4,706Lot
Year Built
1928
Close
-
List price
$1.59M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24178013
Home ConditionGood
Features
Good View: City Lights
Deck
ViewCity Lights

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)
Beds60
14%
Baths40
14%
Square foot2,5503,258
43%
Lot Size4,7067,405
14%
Price$1.59M$1.4M
71%
Price per square foot$625$506
86%
Built year19281964
14%
HOA
Days on market435210
86%
Condition Rating
Good

The property is a triplex with the main house built in 1928 and two newer units built in 2017 and 2022. The newer units feature modern kitchens with quartz countertops and hardwood cabinets, and updated bathrooms. The main house shows some age but appears to be in decent condition. Overall, the property is move-in ready with a mix of updated and older features.
Pros & Cons

Pros

Income Potential: The property features three units, offering significant income potential for investors or supplemental income for residential buyers.
Newer Construction: Two of the units were built recently (2017 and 2022), featuring modern amenities like quartz countertops, hardwood cabinets, and open floor plans.
Prime Location: Located in a desirable neighborhood, close to CSUF, Fullerton Junior College, and downtown Fullerton's entertainment and restaurant venues.

Cons

Older Main House: The main house was built in 1928, potentially requiring updates or maintenance to align with the newer units.
Lot Size: The lot size is relatively small, which may limit outdoor space or future expansion possibilities.

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