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1000 E Commonwealth Avenue, Fullerton, California 92831, Fullerton, 92831 - 6 bed, 4 bath

1000 E Commonwealth Avenue, Fullerton, California 92831 home-pic-0
ACTIVE$1,595,000
1000 E Commonwealth Avenue, Fullerton, California 92831
6Beds
4Baths
2,550Sqft
4,706Lot
Year Built
1928
Close
-
List price
$1.59M
Original List price
$1.8M
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
PW24178013
Home ConditionGood
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.59M(89th), sqft - 2550(33th), beds - 6(78th), baths - 4(78th).

Welcome to 1000 E. Commonwealth. Newly on the market, this 3-unit complex is nestled in a great neighborhood, approximately 2 miles from CSUF and less than a mile from Fullerton Junior College. Entertainment and restaurant venues are just minutes away in Historic downtown Fullerton. The main house features a cute porch and Spanish style touches in the interior. Unit 1002, (built in 2017) features 2 bedrooms, 1 Bath, a 2nd floor balcony and a large 3rd floor rooftop deck. Unit 1002A, is a large 2 bedroom, 1 bath, 860 Sq ft dwelling that was built in 2022. Both of the recent builds feature quartz countertops and hard wood cabinets within an open floor concept. These homes are built for convenience, offering indoor laundry hook ups and off street parking. This is a wonderful opportunity for the investor who wants a nice addition to the portfolio, or the residential buyer who wants supplemental income

Condition Rating
Good
This triplex presents a mixed condition. Two of the three units (built in 2017 and 2022) are in excellent, virtually new condition, featuring modern kitchens with quartz countertops, hardwood cabinets, stainless steel appliances, open floor plans, contemporary bathrooms with subway tile, and hardwood-style flooring. These units meet current quality standards with no deferred maintenance. The main house, built in 1928, has a dated kitchen with older white appliances and laminate countertops, and a bathroom with older tile and fixtures. While this unit appears well-maintained with original hardwood floors and Spanish-style touches, it is clearly outdated and would benefit from renovation to match the modern aesthetic of the other units. However, it is functional and livable. The overall property is move-in ready, with the two newer units significantly elevating the average condition, placing it firmly in the 'Good' category despite the older unit's dated features.
Pros & Cons

Pros

Multi-Unit Income Potential: This 3-unit complex (triplex) offers significant income generation opportunities for investors or supplemental income for owner-occupants, enhancing its financial appeal.
Strategic Location: The property is ideally located near CSUF, Fullerton Junior College, and Historic Downtown Fullerton, ensuring high rental demand and convenient access to educational institutions, entertainment, and dining.
Modern Newer Units: Two of the three units were recently built in 2017 and 2022, featuring contemporary designs, quartz countertops, hardwood cabinets, and open floor plans, which are highly attractive to modern renters.
Desirable Unit Amenities: The newer units include convenient indoor laundry hookups and off-street parking, enhancing tenant appeal, property functionality, and reducing common tenant inconveniences.
Outdoor Living Spaces: Unit 1002 offers a 2nd-floor balcony and a large 3rd-floor rooftop deck, providing valuable private outdoor space and potential for city views, a sought-after amenity.

Cons

Age of Primary Structure: The main house, built in 1928, is significantly older than the other units, potentially implying higher maintenance costs, outdated systems, and lower energy efficiency compared to newer construction.
Discrepancy in Unit Modernity: The stark age difference between the 1928 main house and the 2017/2022 units could lead to inconsistent tenant experiences, varying rental rates, or differing maintenance demands across the property.
Limited Information on Main House Condition: The description provides minimal details on updates or modern features for the 1928 unit, suggesting it may require substantial renovation to match the appeal and functionality of the newer units.

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