227 N Yale Avenue, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$1,200,000
227 N Yale Avenue, Fullerton, California 92831
0Bed
0Bath
2Sqft
3,750Lot
Year Built
1940
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25033606
Home ConditionFair
Features
Patio
View-

About this home

+++PROPERTY IS READY TO BE SHOWN AND ACTIVELY LOOKING FOR A BUYER TO OPEN ESCROW+++ This property features TWO fully permitted single family homes on one lot (2 APN with 1 legal description), offering endless potential for investors, multigenerational living, or rental income. Property Highlights: Front Home: 1,231 sq. ft. – Classic charm with 3 bedrooms and 2 bathrooms, cozy living area for tenants or a place to call home. It has its own private driveway with 1 car garage and front porch that one can personalize. Front APN #: 033-123-25 (The front home has an unpermitted studio connected to it. The studio has 1 bedroom, 1 bath, with a kitchenette. Rear Home: 1,000 sq. ft. – Comfortable layout with 2 bedrooms and 2 bathrooms, perfect for tenants or extended family with one car parking garage through the alley (that has a room connected to the garage). Rear APN #: 033-123-24 (Front home and rear home combined make up a total of 3,231 sq ft) Total Lot Size: 6,250 – Room to enjoy outdoor space, garden, or add personal touches. This area is walking distance to Cal State Fullerton and close to downtown Fullerton. Many shops and restaurants are nearby and major freeways like the I-57, I-91, and I-5!! Fullerton Municipal airport, City Hall, community center, village art center, St. Jude Medical Center, Chamber of Commerce, public library, Museum Center, police department, Metrolink, Amtrack, and 133 school are all located 4.0 miles of the subject property. Charming area to live in that is very sought after, as it is in a historic part of Fullerton. !!!! GREAT FOR INCOME PROPERTY!!!!

Price History

Date
Event
Price
03/05/25
$1,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot23,258
14%
Lot Size3,7507,405
14%
Price$1.2M$1.4M
14%
Price per square foot$600K$506
86%
Built year19401964
14%
HOA
Days on market245210
71%
Condition Rating
Fair

Built in 1940, this property shows its age with functional but significantly outdated kitchens and bathrooms, featuring dated tile, basic fixtures, and older cabinets. The flooring is a mix of older tile, worn hardwood, and basic laminate. While maintained enough to be livable, the property requires minor updates and repairs to bring it to modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Exceptional Income Potential: Features two fully permitted single-family homes on one lot, ideal for investors, multi-generational living, or significant rental income generation.
Prime University & Downtown Proximity: Walking distance to Cal State Fullerton and close to vibrant downtown Fullerton, offering high tenant demand and lifestyle appeal.
Excellent Connectivity & Amenities: Convenient access to major freeways (I-57, I-91, I-5) and a wide array of local amenities including shops, restaurants, medical facilities, and public transportation within a 4-mile radius.
Desirable Historic Neighborhood: Located in a charming and sought-after historic part of Fullerton, enhancing property value and appeal.
Flexible Living Arrangements: Offers separate, distinct living spaces for each unit, providing privacy and versatility for occupants or tenants.

Cons

Unpermitted Structure Risk: The presence of an unpermitted studio unit attached to the front home presents potential legal, permitting, and financial challenges for a new owner.
Age of Construction & Maintenance: Built in 1940, the property is an older construction, likely requiring ongoing maintenance, system upgrades, and potential renovations to meet contemporary standards.
Inconsistent Listing Information: Discrepancies in reported square footage and lot size within the listing details could lead to buyer confusion and necessitate further verification.

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