124 N Princeton Avenue, Fullerton, California 92831, Fullerton, 92831 - bed, bath

124 N Princeton Avenue, Fullerton, California 92831 home-pic-0
ACTIVE UNDER CONTRACT$1,150,000
124 N Princeton Avenue, Fullerton, California 92831
0Bed
0Bath
1,804Sqft
6,408Lot
Year Built
1975
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$637
HOA
-
Days on market
-
Sold On
-
MLS number
PW25267975
Home ConditionGood
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.15M(22th), sqft - 1804(22th), beds - undefined(50th), baths - undefined(50th).

Rare opportunity to own two detached residences on a single parcel in the R2P zoning district, which allows for two family residential use. This property offers flexibility for both investors and owner occupants. The front unit is a single story 3 bedroom 1 bathroom home with approximately 1,119 square feet. It features hardwood flooring, granite countertops, and an indoor laundry area. The home is vacant and ready for immediate occupancy or lease. This unit includes two single car garages. The rear unit is a 2 bedroom 1 bathroom home with approximately 685 square feet, built above a three car garage. It includes an updated bathroom and hardwood floors. The tenant is currently on a month to month lease at 2,600 dollars per month and is open to staying. This unit uses one single car garage. Both homes have newer roofs. Each unit has separate gas and electric meters, and a shared water meter. The lot includes private yard space and off street parking. The property is located near Fullerton College, Cal State Fullerton, shopping, dining, and public transportation. This is a rare and well-located property offering long term flexibility, income potential, and the charm of Fullerton’s historic residential area. A great opportunity for buyers seeking both utility and value. MUST SEE!!!

Price History

Date
Event
Price
11/30/25
Listing
$1,150,000
09/24/01
Sold
$261,000
Condition Rating
Good

Built in 1975, this property has undergone significant updates that make it move-in ready. Both units feature newer roofs, hardwood flooring, and the front unit boasts granite countertops and a modern mini-split AC system. The bathrooms, particularly the one visible in the front unit, show recent updates with modern shower enclosures and tile work. While not a full, top-to-bottom renovation, the key components and visible areas are well-maintained and updated, indicating a property in good, functional condition with minimal immediate renovation needs.
Pros & Cons

Pros

Dual Income/Residential Opportunity: Property features two detached residences on a single R2P zoned parcel, offering significant income potential and flexibility for investors or owner-occupants.
Prime Location: Strategically situated near Fullerton College, Cal State Fullerton, shopping, dining, and public transportation within Fullerton's desirable historic downtown area.
Recent Upgrades & Features: Both units benefit from newer roofs, with the front unit featuring hardwood flooring and granite countertops, and the rear unit boasting an updated bathroom and hardwood floors.
Separate Utilities & Ample Parking: Each unit has independent gas and electric meters, complemented by three dedicated garages and additional off-street parking.
Immediate Occupancy/Lease Potential: The front 3-bedroom unit is currently vacant, allowing for immediate owner-occupancy or prompt tenant placement to maximize rental income.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6408, other record lot size in square feet = 6245. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1804, other record living area = 1119.
Shared Water Meter: The shared water meter for both units could lead to potential billing complexities or disputes between residents.
Older Construction & Limited Bathrooms: Built in 1975, the property's age, coupled with the 3-bedroom unit having only one bathroom, may present functional limitations or require future updates.
Modest Unit Sizes: The individual unit square footages (1,119 sqft for 3-bed, 685 sqft for 2-bed) are relatively modest, which might not appeal to all prospective tenants or owner-occupants seeking larger living spaces.

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