2601 Andover, Fullerton, California 92831, Fullerton, - bed, bath
ACTIVE$2,100,000
2601 Andover, Fullerton, California 92831
0Bed
0Bath
4,527Sqft
9,115Lot
Year Built
1964
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25234563
Home ConditionPoor
Features
View-
About this home
4-unit investment opportunity located at 2601 Andover, Fullerton, CA. The property is a mix of three bedroom two bath and two bedroom one bath units. Subject property has recently been painted. The subject property is located within a prime area of Fullerton next to Cal State University Fullerton, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation.
Price History
Date
Event
Price
10/07/25
Listing
$2,100,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,527 | 3,258 | 86% |
| Lot Size | 9,115 | 7,405 | 71% |
| Price | $2.1M | $1.4M | 86% |
| Price per square foot | $464 | $477 | 43% |
| Built year | 1964 | 1964 | 50% |
| HOA | |||
| Days on market | 28 | 209 | 14% |
Condition Rating
Poor
Built in 1964, this property is 60 years old. While the exterior has been recently painted, the visible interior (old carpet, popcorn ceilings, and a window AC unit) strongly suggests that major systems, kitchens, and bathrooms are original or have not been significantly updated in decades. The lack of central HVAC and dated finishes indicate a need for substantial repairs and rehabilitation to meet current living standards and ensure the functionality of major components. The property's 'upside' for investors likely stems from the significant renovation potential required.
Pros & Cons
Pros
Prime Investment Location: Strategically located in a prime area of Fullerton, adjacent to Cal State University Fullerton, ensuring consistent high rental demand from students and faculty, along with proximity to essential amenities, shopping, and entertainment.
Strong Income & Appreciation Potential: The property boasts strong current rents with identified additional upside, offering investors both immediate cash flow and significant long-term appreciation potential in a desirable market.
Diverse Unit Mix: Featuring a versatile mix of three-bedroom, two-bath and two-bedroom, one-bath units, catering to a broad tenant demographic and providing flexibility in rental strategies.
Recent Exterior Maintenance: The property has been recently painted, indicating proactive exterior upkeep and potentially reducing immediate cosmetic capital expenditures for the new owner.
Quadruplex Investment: As a 4-unit property, it offers economies of scale in management and maintenance compared to single-family rentals, providing multiple income streams from a single asset.
Cons
Property Age & Potential Deferred Maintenance: Built in 1964, the property is 60 years old, suggesting that major systems (plumbing, electrical, HVAC, roof) may be original or nearing the end of their useful life, potentially requiring significant capital expenditures in the near future.
Undisclosed Interior Condition: While the exterior was painted, the description provides no details on interior renovations or updates, implying units may be dated and require modernization to maximize rental income and tenant appeal.
Lack of Specific Amenities: The property description does not mention crucial amenities such as dedicated parking, on-site laundry facilities, or common area improvements, which could be a competitive disadvantage in attracting and retaining tenants.