1105 E Walnut Avenue, Fullerton, California 92831, Fullerton, 92831 - 4 bed, 2 bath

1105 E Walnut Avenue, Fullerton, California 92831 home-pic-0
ACTIVE$1,080,000
1105 E Walnut Avenue, Fullerton, California 92831
4Beds
2Baths
1,252Sqft
6,540Lot
Year Built
1951
Close
-
List price
$1.08M
Original List price
$1.08M
Price/Sqft
$863
HOA
-
Days on market
-
Sold On
-
MLS number
SR25072993
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.08M(35th), sqft - 1252(12th), beds - 4(53th), baths - 2(50th).

Welcome to Fullerton, where a lucrative investment opportunity awaits you! This unique property is a fully upgraded single-family home with an impressive rental income monthly. Let's explore the features that make this property a standout investment with $7400 monthly rental income: Main House: Current rent: $4050/month 4 bedrooms, 2 bathrooms, and a spacious 1,252 square feet of living space. Recently upgraded kitchen with modern amenities. Comfortable and well-designed living room and bedrooms. Enjoy year-round comfort with central AC/heat. Ample parking with a large driveway Secondary Units: current rent: A:$1850/month, B:$1500/month Two Studio units located in the back for added rental potential. Each unit has its own private entrance for convenience and privacy. The second structure includes a laundry room and an additional full bathroom, accessible to both secondary units. Ideal Location: Less than 10 minutes from downtown Fullerton, offering access to a vibrant city atmosphere. Proximity to educational institutions such as Fullerton College and Fullerton Union High School. Conveniently located near shopping centers, gyms, and restaurants. Easy access to the 22 and 57 freeways for seamless commuting. Disneyland Park is within a 20-minute drive, providing entertainment options for residents and visitors alike. Outdoor Oasis: The backyard is designed for entertaining, featuring a fire pit and a natural gas BBQ. Plenty of open space for gatherings, relaxation, and enjoyment. This property is an excellent choice for investors seeking a high return on investment or for families looking to maximize space and generate rental income. Don't miss out on this incredible opportunity; schedule a viewing today before this property becomes a sought-after gem in Fullerton!

Condition Rating
Good

The property, built in 1951, is described as a 'fully upgraded single-family home' with a 'recently upgraded kitchen with modern amenities' and 'central AC/heat'. While no interior images are provided to verify the extent and style of these upgrades, the description strongly suggests the property is move-in ready with functional and updated major systems. The exterior image shows a well-maintained facade, not indicating significant deferred maintenance. Assuming the 'recently upgraded' claim means within the last 5-15 years, it aligns with the 'Good' criteria for a property extensively renovated within that timeframe, despite its original build year.
Pros & Cons

Pros

Exceptional Rental Income Potential: The property generates an impressive total monthly rental income of $7400 from three distinct units, offering a strong cash flow opportunity for investors.
Multi-Unit Configuration: Comprising a main house and two separate studio units with private entrances, this property provides versatile rental options and maximizes income generation.
Strategic Location with High Demand: Situated less than 10 minutes from downtown Fullerton, near educational institutions, major freeways (22, 57), and amenities, ensuring high tenant demand and convenience.
Upgraded Main House Comforts: The main house features a recently upgraded kitchen with modern amenities and central AC/heat, enhancing tenant appeal and comfort.
Desirable Outdoor Living Space: The backyard is designed for entertaining with a fire pit and natural gas BBQ, providing appealing outdoor amenities for residents.

Cons

Significant Overpricing Relative to Estimation: The current listing price of $1,080,000 is considerably higher than the estimated property value of $672,871.54, suggesting a potential overvaluation that may impact marketability.
Age of Structure and Potential Deferred Maintenance: Built in 1951, the property is over 70 years old. While the main house is upgraded, potential buyers may be concerned about the condition of underlying infrastructure in all units and associated future maintenance costs.
Compact Main House Living Space: The main house offers 1,252 square feet for 4 bedrooms, which may be considered compact for some families, potentially limiting its appeal to those seeking more spacious living arrangements.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state