2625 Andover Avenue, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$2,150,000
2625 Andover Avenue, Fullerton, California 92831
0Bed
0Bath
4,303Sqft
7,210Lot
Year Built
1964
Close
-
List price
$2.15M
Original List price
$2.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25135958
Home ConditionPoor
Features
Deck
Patio
View-

About this home

the opportunity to acquire 2625 Andover Avenue, a 4-unit multifamily investment property located in the city of Fullerton. Built in 1964, the subject property offers an attractive mix of one (1) Two-Bedroom/1-Bathroom Unit, two (2) Two-Bedroom/1.5-Bathroom Units, and one (1) Three-Bedroom/2-Bathroom Unit. Each unit is separately metered for Gas and Electricity, sprawls over 1,000 square feet of living space, offers a private patio or balcony and a garage parking space. Additionally, the subject property has an on-site laundry room generating additional income. 2625 Andover Avenue is perfectly located in a quiet, well-manicured neighborhood that is only a few minute walk from California State University Fullerton. The bright and mature landscape in the neighborhood offers a peaceful and serene living space for the residents. The subject property is also conveniently located just off the 57 Freeway which offers quick access to the greater Orange County and Los Angeles County areas. Just a few minute drive from the subject property are a handful of parks and shopping centers that will cater to the entire variety of the resident’s needs.

Price History

Date
Event
Price
09/02/25
Price Change
$2,150,000
06/17/25
Listing
$2,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot4,3033,258
86%
Lot Size7,2107,405
29%
Price$2.15M$1.4M
86%
Price per square foot$500$500
50%
Built year19641964
50%
HOA
Days on market141210
14%
Condition Rating
Poor

Built in 1964, this property is 60 years old. The listing description does not mention any significant renovations or updates to the interior, and the provided images are exclusively exterior shots. Without interior photos, it's highly probable that the kitchens, bathrooms, appliances, and other interior features are original or have only received minor, outdated cosmetic updates over the decades. To meet current standards, substantial repairs and rehabilitation would likely be required for these major components, aligning with the 'Poor' condition criteria. The exterior appears maintained, preventing a 'Tear-down' score, but the lack of interior information and the property's age strongly suggest a need for major interior overhauls.
Pros & Cons

Pros

Income-Generating Asset: This 4-unit multifamily property (quadruplex) offers multiple income streams, making it a robust investment opportunity.
Strategic Location: Its prime location within a few minutes' walk to California State University Fullerton ensures consistent tenant demand from students, faculty, and staff.
Diverse Unit Mix: The property features an attractive mix of 2-bedroom/1-bathroom, 2-bedroom/1.5-bathroom, and 3-bedroom/2-bathroom units, appealing to a broad tenant demographic.
Tenant-Centric Amenities: Each unit boasts over 1,000 sq ft, separate metering for gas and electricity, private patios/balconies, garage parking, and an on-site laundry room, enhancing tenant appeal and additional income potential.
Superior Accessibility: Conveniently located just off the 57 Freeway, providing quick access to major employment centers in Orange and Los Angeles Counties, as well as nearby parks and shopping.

Cons

Property Age: Built in 1964, the property's age may necessitate future capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization.
Potential for Dated Interiors: The description does not specify recent unit renovations, suggesting that interiors may have original or older finishes, potentially requiring investment to maximize rental income or tenant appeal.
Recent Price Reduction: A recent price adjustment from $2.2M to $2.15M could indicate initial overpricing or a need to stimulate buyer interest in the current market.

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