124 N Princeton Avenue, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$1,190,000
124 N Princeton Avenue, Fullerton, California 92831
5Beds
2Baths
1,804Sqft
6,408Lot
Year Built
1975
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RS25173411
Home ConditionFair
Features
View-

About this home

Back on the market! An exceptional investment opportunity for an investor or homeowner! 2 houses on a lot located in the heart of Fullerton historical downtown. New roof for both houses. Live in one house and rent out the second house. Front house is a single family home, 3 bedrooms, 1 bath, hardwood floor, kitchen with granite counter top, inside laundry with 1,119 sq.ft. living space built in 1927. Second house is built in 1975, 2 bedrooms 1 bath with upgraded shower and vanity, hardwood floor, approx. 685 sq.ft. living space built on upper level, ground level is 3 separate car garage. (Total is 5 bedrooms and 2 bathrooms, approx.1,804 sq.ft.). 2 separate electric and gas meter. Spacious 6,408 sq. ft. lot size offers a nice long driveway, separate wood fence, and large grassy areas for tenants' comfort, or simply enjoying the spacious yard for relaxation and gatherings. It is close proximity to downtown Fullerton, popular restaurants, specialty stores, entertainment options, and more. Conveniently situated near Fullerton College, Cal State Fullerton, and Fullerton transportation center. Easy access to freeways. This unique property is perfect for comfortable living or investment purposes that promise lasting returns! DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS! DO NOT MISS IT!!

Price History

Date
Event
Price
08/01/25
$1,190,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds50
14%
Baths20
0%
Square foot1,8043,258
14%
Lot Size6,4087,405
29%
Price$1.19M$1.4M
14%
Price per square foot$660$506
86%
Built year19751964
71%
HOA
Days on market96210
14%
Condition Rating
Fair

This property, a duplex with houses built in 1927 and 1975, falls into the 'Fair' category. While it benefits from a new roof on both houses and well-maintained hardwood floors throughout, the kitchens in both units are largely outdated in terms of cabinetry, appliances (despite granite in the front house), and overall style. One bathroom has been upgraded with a modern vanity and shower, but the other remains dated. The presence of mini-split AC units is a positive update for comfort. Overall, the property is functional and maintained, but requires minor updates, particularly in the kitchens, to meet current aesthetic and quality standards.
Pros & Cons

Pros

Exceptional Investment Opportunity: This property features two separate houses on one lot, offering significant flexibility for an investor or homeowner to live in one unit and rent out the other, or rent both for maximum income.
Prime Location: Located in the heart of Fullerton's historical downtown, providing convenient access to popular restaurants, specialty stores, entertainment, Fullerton College, Cal State Fullerton, and the transportation center.
Recent Major Upgrades: Both houses benefit from a new roof, and the second house has an upgraded shower and vanity, while the front house features a kitchen with a granite countertop, reducing immediate capital expenditures.
Independent Utilities: Equipped with two separate electric and gas meters, which simplifies tenant billing and management, enhancing its appeal as an income-generating property.
Spacious Lot & Outdoor Space: A generous 6,408 sq. ft. lot provides a long driveway, separate wood fencing, and large grassy areas, offering ample outdoor space and privacy for residents.

Cons

Limited Access for Showings: The 'DRIVE BY ONLY! PLEASE DO NOT DISTURB TENANTS!' instruction severely restricts potential buyers from conducting thorough interior inspections, which can deter serious offers and raise concerns about the property's condition.
Age of Structures & Potential Maintenance: With houses built in 1927 and 1975, there is a higher likelihood of needing ongoing maintenance or updates to older systems (e.g., plumbing, electrical, HVAC) not explicitly mentioned as upgraded.
Low Bathroom-to-Bedroom Ratio: The property offers only 2 bathrooms for a total of 5 bedrooms across both units, which is a low ratio that could be inconvenient for multiple occupants or larger families.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State