4014 W Commonwealth, Fullerton, California 92833, Fullerton, 92833 - bed, bath

4014 W Commonwealth, Fullerton, California 92833 home-pic-0
ACTIVE$2,999,888
4014 W Commonwealth, Fullerton, California 92833
0Bed
0Bath
5,246Sqft
4,922Lot
Year Built
1953
Close
-
List price
$3M
Original List price
$3.5M
Price/Sqft
$572
HOA
-
Days on market
-
Sold On
-
MLS number
PW25263344
Home ConditionPoor
Features
View-

About this home

We found 4 Cons,5 Pros.

Prime Mixed-Use Investment/Owner User Opportunity in Fullerton! Located in an Opportunity Zone directly across from the Fullerton Airport on bustling Commonwealth Avenue, this exceptional two-story commercial property offers a rare combination of retail, office and residential uses in one versatile package. The building features approximately 5,246 sq. ft. of total rentable space, offering multiple income streams and significant long-term upside potential. The property currently includes a tire shop and a high-visibility storefront spaces—ideal for retail, office, or service-based businesses seeking maximum exposure on a high-traffic corridor. The upper 4 units include full occupancy residential spaces. This is an outstanding opportunity for investors, owner-users, or developers looking to secure a well-positioned property in one of Orange County’s most dynamic commercial areas. With strong visibility, proximity to major transportation routes, and a diverse tenant mix, this property combines immediate cash flow potential with excellent long-term appreciation prospects.

Price History

Date
Event
Price
11/30/25
Price Change
$2,999,888-14.3%
11/19/25
Listing
$3,500,000
03/26/96
Sold
$232,500
Condition Rating
Poor

Built in 1953, this mixed-use property shows significant age. While some commercial spaces have received cosmetic updates like laminate flooring, others are raw concrete. The common laundry room is distinctly outdated with old checkered tiles and visible older appliances/water heater, strongly suggesting that the residential units (kitchens and bathrooms, which are not pictured) are also in a very dated condition. The MLS description itself notes 'outdated infrastructure' and 'deferred maintenance,' indicating a need for substantial repairs and rehabilitation to modernize the property and its systems, especially for the residential components.
Pros & Cons

Pros

Mixed-Use & Diverse Income Streams: The property offers a rare combination of retail, office, and residential uses (including 4 fully occupied residential units), providing multiple income sources and reducing vacancy risk for investors.
Strategic Location & High Visibility: Situated in an Opportunity Zone directly across from Fullerton Airport on bustling Commonwealth Avenue, ensuring maximum exposure and high traffic for commercial tenants.
Investment & Owner-User Potential: This property is ideal for both investors seeking immediate cash flow and long-term appreciation, as well as owner-users looking for a prominent location with additional rental income.
Significant Long-Term Upside: Located in a dynamic commercial area of Orange County and within an Opportunity Zone, the property holds strong potential for future appreciation and development.
Proximity to Transportation & Amenities: Excellent access to major transportation routes enhances its appeal for businesses and residents, contributing to its overall value and tenant desirability.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 5246, other record living area = 8606.
Age of Property & Potential for Upgrades: Built in 1953, the property is over 70 years old, suggesting potential for outdated infrastructure, deferred maintenance, or the need for substantial capital improvements to modernize and maximize rental income.
Noise and Traffic Exposure: Its location directly across from Fullerton Airport and on a 'bustling' Commonwealth Avenue implies significant exposure to noise and traffic, which could impact the desirability for residential tenants and certain commercial operations.
Limited Lot Size for Expansion: With a lot size of 4,922 sq. ft. supporting a 5,246 sq. ft. building, there is minimal excess land, potentially limiting future expansion, additional parking, or significant redevelopment opportunities without complex vertical construction.

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