2024 E Commonwealth Ave, Fullerton, CA 92831

Description

Presenting 2024 E Commonwealth Avenue, a single-story turnkey 4-unit multifamily investment property located in Fullerton, CA. Operating at a 5.42% Cap Rate, the subject property features an extremely attractive unit mix for potential residents comprised of (3) two-bedroom/one-bathroom units (835 sq ft each) and (1) oversized one-bedroom/one-bathroom unit (793 sq ft). 2024 E Commonwealth Avenue also provides residents with amenities such as (4) garage parking spaces, private patios, and in-unit all-in-one washer/dryer combos.
2024 E Commonwealth Ave benefits from its desirable central location being located nearby California State University Fullerton, Fullerton College, Downtown Fullerton, and next door to Commonwealth Elementary School providing residents an amazing living environment due to its proximity to entertainment, schools, shopping, and dining.
Current ownership has also substantially renovated the property. All 4-units were fully renovated in 2025 with laminate flooring, all-in-one washer/dryer combos, dual-pane windows, shaker style cabinets, quartz countertops, and new appliances. The subject property also benefits from new paint and updated electrical panels. Taking into consideration, the subject property’s phenomenal location, single-story construction, and recent upgrades, 2024 E Commonwealth Avenue provides a subsequent owner a rare opportunity to acquire a fully repositioned asset in one of Orange County’s premier rental markets.