1105 E Walnut Avenue, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$1,080,000
1105 E Walnut Avenue, Fullerton, California 92831
4Beds
2Baths
1,252Sqft
6,540Lot
Year Built
1951
Close
-
List price
$1.08M
Original List price
$1.08M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25072993
Home ConditionFair
Features
View-

About this home

Welcome to Fullerton, where a lucrative investment opportunity awaits you! This unique property is a fully upgraded single-family home with an impressive rental income monthly. Let's explore the features that make this property a standout investment with $7400 monthly rental income: Main House: Current rent: $4050/month 4 bedrooms, 2 bathrooms, and a spacious 1,252 square feet of living space. Recently upgraded kitchen with modern amenities. Comfortable and well-designed living room and bedrooms. Enjoy year-round comfort with central AC/heat. Ample parking with a large driveway Secondary Units: current rent: A:$1850/month, B:$1500/month Two Studio units located in the back for added rental potential. Each unit has its own private entrance for convenience and privacy. The second structure includes a laundry room and an additional full bathroom, accessible to both secondary units. Ideal Location: Less than 10 minutes from downtown Fullerton, offering access to a vibrant city atmosphere. Proximity to educational institutions such as Fullerton College and Fullerton Union High School. Conveniently located near shopping centers, gyms, and restaurants. Easy access to the 22 and 57 freeways for seamless commuting. Disneyland Park is within a 20-minute drive, providing entertainment options for residents and visitors alike. Outdoor Oasis: The backyard is designed for entertaining, featuring a fire pit and a natural gas BBQ. Plenty of open space for gatherings, relaxation, and enjoyment. This property is an excellent choice for investors seeking a high return on investment or for families looking to maximize space and generate rental income. Don't miss out on this incredible opportunity; schedule a viewing today before this property becomes a sought-after gem in Fullerton!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (63 Listings)
Beds43
56%
Baths22
50%
Square foot1,2521,802
14%
Lot Size6,5408,120
17%
Price$1.08M$1.16M
38%
Price per square foot$863$676.5
97%
Built year19519785979
8%
HOA
Days on market216153
89%
Condition Rating
Fair

The property was built in 1951 but the description mentions a recently upgraded kitchen. Given the age of the property and the limited information available from the single exterior image, it's likely that other areas of the house may be aged. The property is likely maintained through regular upkeep and occasional updates, but may show signs of being outdated.
Pros & Cons

Pros

High Rental Income: The property generates a substantial monthly rental income of $7400, making it an attractive investment opportunity.
Multiple Rental Units: The property includes a main house and two studio units, maximizing rental potential and diversifying income streams.
Upgraded Main House: The main house features a recently upgraded kitchen and central AC/heat, enhancing its appeal to tenants.
Prime Location: Located less than 10 minutes from downtown Fullerton and near schools, shopping, and freeways, offering convenience and accessibility.
Entertaining Backyard: The backyard is designed for entertaining with a fire pit and natural gas BBQ, providing an attractive amenity for tenants.

Cons

Year Built: Built in 1951, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Lot Size: The lot size of 6540 sqft, while adequate, may limit expansion possibilities compared to larger properties.
Studio Unit Size: The description does not specify the size or condition of the studio units, which could be a concern for potential tenants if they are too small or require significant upgrades.

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