
Fullerton, California 92831
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned slightly above the $1,079,241 Fair Market Value. While not a discount acquisition, the 11,616 SQFT lot and Raymond Hills location provide significant long-term upside. With a Condition Rating of 5, the home requires a full modernization, offering a blank canvas for value-add renovations. The expansive lot supports a detached ADU or pool, making this an ideal project for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through strategic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 Sheppard Drive Subject | $1,100,000* List Price | 3 | 2 | 1,711 | $631 | - |
A 1018 Stanford Avenue Sold | $1,100,000 | 4 | 2 | 1,835 | $599 | 0.6 mi |
B 1001 Nutwood Sold | $915,000 | 3 | 1 | 1,301 | $703 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 and under the same ownership for 33 years, the property shows significant signs of age including popcorn ceilings and dated cabinetry. The listing description explicitly states it is not a 'finished product' and represents a 'rehab' opportunity, suggesting that the kitchen, bathrooms, and major systems are likely at the end of their functional lifespan and require a full modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11616, living area = 1711.
Situated in one of Fullerton's most established neighborhoods, this property offers a quiet, community-oriented setting within walking distance to Downtown Fullerton, Hillcrest Park, and top-rated schools.
The oversized 11,616 SQFT lot provides a rare canvas for significant value-add opportunities, including the potential for a detached ADU, a pool, or a substantial home expansion.
Offered for the first time in 33 years and described as 'not a finished product,' the home likely requires a substantial budget for cosmetic and functional updates to meet modern standards.
Built in 1962, the property may have aging systems or original components that require modernization or replacement, adding to the initial cost of ownership.
Welcome to 1201 Sheppard Drive, a single level ranch-style home tucked into the heart of Raymond Hills and offered for the first time in 33 years. Sitting on a uniquely shaped 11,616 SQFT lot, this is a home with great bones, an incredible setting, and the kind of potential that gives its next owner an opportunity to make something truly special. Inside, the three bedroom, two bathroom floor plan spans 1,711 square feet and is filled with natural light throughout. The living room is anchored by a brick fireplace, while the kitchen and adjoining living spaces open toward the backyard. Nearly the entire rear wall of the kitchen is lined with windows, filling the space with natural light and creating a connection to the outdoors that is hard to replicate. The home is almost entirely single level, with just one step before the front door, while a sunroom at the front of the property provides another place to relax and take in south facing peek-a-boo views. Out back is where the possibilities really begin. A large covered patio extends the living space outdoors, while the size and unique configuration of the lot leave plenty of room to reimagine what comes next. Whether that means creating an entertainer's backyard with a pool, expanding the existing footprint, or designing a detached ADU, there is space here to make the property your own. What has kept this home in the same hands for more than three decades goes beyond the property itself. Raymond Hills is one of Fullerton's most established neighborhoods, known for its quiet streets, sense of community, and hillside setting. Neighbors come together for Skyline Socials, while Hillcrest Park, Fullerton High School, Fullerton College, and Downtown Fullerton are all within walking distance. 1201 Sheppard Drive isn't a finished product, and that's exactly what makes it exciting. It's an opportunity to take a well loved home in a neighborhood people rarely want to leave and create something special for the next generation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,711 | 1,919.823 |
| Lot Size | 11,616 | 7,334.681 |
| Price | $1.10M | $1.25M |
| Price per sq ft | $643 | $669 |
| Built year | 1962 | 1962 |
| HOA | $0 | $253 |
| Days on market | 28 | 47 |
Aug 12, 2026
$1,100,000
Initial Listing
Sep 29, 1993
$252,000
Public Record