230 W Knepp Avenue, Fullerton, California 92832, Fullerton, - bed, bath

home-pic
ACTIVE$1,699,000
230 W Knepp Avenue, Fullerton, California 92832
8Beds
4Baths
3,752Sqft
6,534Lot
Year Built
1958
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25250096
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

Your next great investment opportunity awaits! Located in the heart of vibrant Fullerton, this 4-plex is conveniently located near major shopping centers such as Costco, Walmart and world class dining and entertainment. Access to the 5, 91 & 57 freeways also provides a desirable central commute location for prospective tenants. Tenants also have access to excellent Fullerton schools including Fullerton High School and Richman Elementary School which are rated 7+ by Great Schools. All four units are 2 bedroom, 1 bathroom units and they have two shared garages with back alley access. On-site community laundry provides additional revenue as well. Current rents are slightly under market value providing upside to the investment while also providing flexibility to navigate California rent control restrictions. This prime Fullerton 4-plex can be the gem of your portfolio, make an offer today!

Price History

Date
Event
Price
10/29/25
Listing
$1,699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds86
50%
Baths43
50%
Square foot3,7521,632
75%
Lot Size6,5346,047
50%
Price$1.7M$1.16M
75%
Price per square foot$453$714
25%
Built year19589610973
100%
HOA
Days on market7146
25%
Condition Rating
Fair

Built in 1958, this 4-plex shows its age. The kitchens feature very basic, outdated white cabinets, laminate countertops, and older appliances/stovetops, indicating a lack of significant modern renovation. While some units have newer laminate flooring, others have dated tile. The presence of window AC units and wall heaters suggests no central HVAC. The property is functional but requires substantial updates to kitchens, bathrooms (implied by kitchen style), and cooling/heating systems to meet current quality standards and appeal.
Pros & Cons

Pros

Strong Investment Potential: Explicitly marketed as a 'great investment opportunity' with current rents 'slightly under market value,' offering clear upside potential for increased revenue.
Prime Central Location: Situated in the 'heart of vibrant Fullerton,' providing convenient access to major shopping centers (Costco, Walmart), world-class dining, and entertainment.
Excellent Commuter Accessibility: Proximity to major freeways (5, 91, & 57) ensures a desirable central commute location for prospective tenants, enhancing rental demand.
Desirable School District: Tenants have access to highly-rated Fullerton schools, including Fullerton High School and Richman Elementary School (rated 7+ by Great Schools), a significant draw for families.
Additional Revenue Streams: On-site community laundry provides an additional income source, complementing the rental income from the four units.

Cons

Age of Property: Built in 1958, the property is over 65 years old, which may imply older infrastructure, systems, and potential for higher maintenance or renovation costs.
Rent Control Considerations: The description mentions 'flexibility to navigate California rent control restrictions,' indicating that these regulations could limit future rent growth and tenant management strategies.
Potential for Capital Expenditures: As an older investment property, there's an implied need for ongoing capital expenditures for unit turnovers, system updates, or general property improvements to maximize rental value, which is not detailed as having been recently addressed.

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