134 S Pritchard Avenue, Fullerton, California 92833, Fullerton, 92833 - bed, bath

134 S Pritchard Avenue, Fullerton, California 92833 home-pic-0
ACTIVE$5,995,000
134 S Pritchard Avenue, Fullerton, California 92833
0Bed
0Bath
11,750Sqft
20,037.6Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Recent Renovation: The property underwent a major interior and exterior renovation in 2022, including new stucco, paint, windows, wall AC, flooring, kitchens, and bathrooms, making it a turnkey investment.
Top Cons:
Non-Conforming Unit Risk: One 1-bed/1-bath unit is currently non-conforming, which, despite being 'in process of becoming conforming,' presents a potential regulatory or legal hurdle until fully resolved.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1964 (61 years old).
Condition: Despite the original build year of 1954, the property underwent a major interior and exterior renovation in 2022. This extensive renovation, completed within the last two years, included new flooring, quartz countertops, refaced cabinets, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, new lighting, and fresh paint throughout the units. The exterior also received significant updates with new stucco, paint, windows, and landscaping. While the images are only exterior, they support the claim of a recent, high-quality renovation. The property meets the 'excellent' criteria for being extensively renovated within 5 years, with virtually new components meeting current quality standards.
Year Built
1964
Close
-
List price
$6M
Original List price
$6.1M
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
OC25238616
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

We are pleased to offer 134 S Pritchard Ave, located in Fullerton, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1954, the property had a major interior and exterior renovation in 2022. The complex has a great unit mix of fifteen two-bed one-bath units, one three-bed one-bath unit, and a non-conforming one-bed one-bath unit. The Non-Conforming Unit is In Process of becoming Conforming. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. Each unit is separately metered for gas and electricity. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new front gate, new landscaping, newly paved parking lot, some new fencing and paint, new wall air conditioning, and new double pane vinyl windows. The complex is conveniently located just 2 miles from Knott’s Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, Portillo’s Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.

Condition Rating
Excellent

Despite the original build year of 1954, the property underwent a major interior and exterior renovation in 2022. This extensive renovation, completed within the last two years, included new flooring, quartz countertops, refaced cabinets, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, new lighting, and fresh paint throughout the units. The exterior also received significant updates with new stucco, paint, windows, and landscaping. While the images are only exterior, they support the claim of a recent, high-quality renovation. The property meets the 'excellent' criteria for being extensively renovated within 5 years, with virtually new components meeting current quality standards.
Pros & Cons

Pros

Extensive Recent Renovation: The property underwent a major interior and exterior renovation in 2022, including new stucco, paint, windows, wall AC, flooring, kitchens, and bathrooms, making it a turnkey investment.
Strategic Location & Accessibility: Conveniently located near schools (Valencia Park Elementary, Buena Park High, Sunny Hills High), major freeways (5 & 91), shopping (The Source OC), and entertainment zones (Knott's Berry Farm, Buena Park entertainment zone), enhancing tenant demand and property value.
Desirable On-Site Amenities: The complex offers attractive amenities such as a gated swimming pool, center courtyard, on-site laundry room, and covered parking, which are highly appealing to prospective tenants.
Favorable Unit Mix & Separately Metered Utilities: Comprising 17 units with a good mix (15 x 2B/1B, 1 x 3B/1B, 1 x converting 1B/1B) and separately metered gas and electricity, which significantly reduces landlord operating expenses.
Strong Investment Appeal: Positioned as a 'turnkey investment' with 'immense building and curb appeal' due to comprehensive modernizations and a prime location, attracting both tenants and investors.

Cons

Non-Conforming Unit Risk: One 1-bed/1-bath unit is currently non-conforming, which, despite being 'in process of becoming conforming,' presents a potential regulatory or legal hurdle until fully resolved.
Age of Original Construction: While extensively renovated, the original building was constructed in 1954, implying that some underlying infrastructure not covered by the 2022 renovation may be older and could require future capital expenditures.
Wall Air Conditioning: The property features new wall air conditioning units, which, while functional, are generally less efficient and desirable for tenant comfort and long-term operational costs compared to central air conditioning systems in a multi-unit complex.

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