101 Turner, Fullerton, California 92833, Fullerton, 92833 - bed, bath

101 Turner, Fullerton, California 92833 home-pic-0
ACTIVE$1,299,888
101 Turner, Fullerton, California 92833
0Bed
0Bath
2,304Sqft
4,792Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: The property is an excellent and proven income-producing triplex, featuring three spacious 3-bedroom, 1-bath units, ideal for investors.
Top Cons:
Partial Renovation: Only one of the three units has been fully remodeled, suggesting the other two units may require significant capital investment for updates to maximize their rental value.

Compared to the nearby listings

Price:$1.30M vs avg $924.9K (+$374,944)50%
Size:2,304 sqft vs avg 1,660 sqft50%
Price/sqft:$564 vs avg $55350%

More Insights

Built in 1952 (73 years old).
Condition: While one of the three units has been completely remodeled to an excellent standard (modern kitchen with new cabinets, quartz countertops, stainless steel appliances, new LVP flooring, and a remodeled bathroom), the property as a whole is a 1952 triplex. The listing explicitly states that only one unit is remodeled, and the other two units 'may require significant capital investment for updates' due to 'aging infrastructure.' The exterior images also show an older building. Therefore, the overall property condition, considering the majority of units and the age of the structure, falls into the 'Poor' category, as it requires substantial repairs and rehabilitation for the un-remodeled portions.
Year Built
1952
Close
-
List price
$1.3M
Original List price
$1.57M
Price/Sqft
$564
HOA
-
Days on market
-
Sold On
-
MLS number
PW25251208
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Look at the CAP RATE and GRM on this one! Excellent and proven income producing investment opportunity in West Fullerton! 101 S. Turner is a single-story triplex consisting of three spacious 3-bedroom, 1-bath units. One unit has been completely remodeled and is move-in ready—ideal for an owner-occupant or investor seeking immediate rental potential. The upgraded unit features a modern kitchen with new cabinets, quartz countertops, stainless steel appliances, a center island, and a skylight that fills the space with natural light. Additional improvements include new LVP flooring throughout, a remodeled bathroom with new vanity and fixtures, mirrored closet doors with organizers, upgraded doors and hardware, new dual-pane windows, a tankless water heater, and new electrical with its own subpanel. The property also offers a newer roof (less than two years old), several replaced windows, and a shared patio area. There are three single car garages that are currently not used by the tenants but could be rented out for additional income along with three uncovered parking spaces. Conveniently located across from Fullerton Airport and within walking distance to restaurants, stores, and public transportation. A well-maintained, income-producing property in a desirable rental area.

Price History

Date
Event
Price
08/08/94
Sold
$185,000
08/25/04
Sold
$270,000
Condition Rating
Poor

While one of the three units has been completely remodeled to an excellent standard (modern kitchen with new cabinets, quartz countertops, stainless steel appliances, new LVP flooring, and a remodeled bathroom), the property as a whole is a 1952 triplex. The listing explicitly states that only one unit is remodeled, and the other two units 'may require significant capital investment for updates' due to 'aging infrastructure.' The exterior images also show an older building. Therefore, the overall property condition, considering the majority of units and the age of the structure, falls into the 'Poor' category, as it requires substantial repairs and rehabilitation for the un-remodeled portions.
Pros & Cons

Pros

Strong Income Potential: The property is an excellent and proven income-producing triplex, featuring three spacious 3-bedroom, 1-bath units, ideal for investors.
Recently Remodeled Unit: One unit has been completely remodeled with a modern kitchen, new flooring, updated bathroom, dual-pane windows, and a tankless water heater, offering immediate move-in readiness or premium rental potential.
Recent Capital Improvements: The property benefits from a newer roof (less than two years old) and several replaced windows, reducing immediate major maintenance concerns.
Value-Add Opportunity: Three single-car garages are currently unused by tenants and present an opportunity to generate additional rental income.
Desirable Rental Location: Conveniently located in West Fullerton, within walking distance to restaurants, stores, and public transportation, ensuring strong tenant demand.

Cons

Partial Renovation: Only one of the three units has been fully remodeled, suggesting the other two units may require significant capital investment for updates to maximize their rental value.
Age of Property: Built in 1952, the property is over 70 years old, which may imply potential for deferred maintenance or aging infrastructure in the un-remodeled units.
Significant Price Reduction: The property has undergone a substantial price reduction from its original listing, which could indicate initial overpricing or market resistance.

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