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1105 E Walnut, Fullerton, California 92831, Fullerton, 92831 - 6 bed, 5 bath

1105 E Walnut, Fullerton, California 92831 home-pic-0
ACTIVE$995,000
1105 E Walnut, Fullerton, California 92831
6Beds
5Baths
1,850Sqft
6,540Lot
Year Built
1951
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$538
HOA
-
Days on market
-
Sold On
-
MLS number
WS25251743
Home ConditionGood
Features
Deck
Patio
View-

About this home

Great Deal:The estimated price is 10% above the list price. We found 3 Cons,5 Pros. Rank: price - $995.0K(25th), sqft - 1850(48th), beds - 6(93th), baths - 5(95th).

Discover an exceptional Investment Opportunity in the heart of Fullerton. This is well-maintained properties have fully upgraded included kitchen, bedroom and AC/Heat. 3 units of properties offer over $7500 in rental income and fully rented currently. The front unit of the house offers 4 bedrooms, 2 bathrooms with 1,252 square feet and attached one car garage. The second structure is in the back that offers Two 1 bed, 1 bath each unit. Also, it has own laundry rooms and bathroom in the second structure. There are private entrances separate for each unit. It offers privacy for each family. There is a perfect back yard that offers entertaining and gathering for BBQ. Prime Location is situated in a desirable neighborhood with easy to access local amenities, Fullerton college, Fullerton Union High School, shopping centers, public, restaurant and Gyms, transportation and ensuring high tenant demand and low vacancy rates. It closes to the 57 and 22 freeways. Don't miss this perfect investment opportunity!

Price History

Date
Event
Price
11/05/25
Listing
$995,000
06/27/22
Sold
$975,000
02/26/21
Sold
$775,000
11/24/98
Sold
$162,000
Condition Rating
Good
The property, built in 1951, has undergone extensive renovations as stated in the description, including fully upgraded kitchens, bedrooms, and the addition of AC/Heat. The main unit's kitchen features modern stainless steel appliances, updated cabinetry, countertops, and a contemporary backsplash. The main bathroom also appears updated with subway tile and a modern vanity. Flooring throughout much of the property is a modern wood-look laminate/vinyl. While the original structure is over 70 years old, the significant upgrades bring it to a 'Good' condition, making it move-in ready with functional and updated major systems. However, the back unit's bathroom, with its unique barrel sink, blue toilet, and traditional terracotta-style flooring, presents a more eclectic and somewhat dated aesthetic compared to the other modern updates, preventing an 'Excellent' rating.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: This property features three units, currently fully rented and generating over $7500 in monthly rental income, making it an exceptional income-producing asset.
Recent Upgrades & Modern Comforts: All units have been fully upgraded, including kitchens, bedrooms, and the addition of AC/Heat, ensuring modern living standards and reducing immediate maintenance needs.
Prime Location & High Tenant Demand: Situated in a desirable Fullerton neighborhood with easy access to Fullerton College, Fullerton Union High School, shopping, restaurants, and gyms, guaranteeing high tenant demand and low vacancy rates.
Tenant-Friendly Features: Each unit benefits from private entrances, the back units include individual laundry rooms, and a 'perfect back yard' offers shared outdoor space for entertaining, enhancing tenant satisfaction.
Excellent Freeway Access: The property's proximity to the 57 and 22 freeways provides convenient commuting options, further boosting its appeal to potential tenants.

Cons

Unverified Legal Status of Units: Described as a 'Single Family Residence' with three units, it is crucial to verify the legal zoning and permitting for the additional units to ensure compliance and avoid potential issues.
Extremely Small Secondary Unit Sizes: The two 1-bedroom, 1-bath units in the second structure are approximately 299 sqft each, which is very small and may limit the tenant pool or future rental rate growth.
Age of Original Construction: Built in 1951, the property's underlying structure is over 70 years old, which, despite recent upgrades, could lead to unforeseen maintenance issues related to older infrastructure.

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