137 E Elm Avenue, Fullerton, California 92832, Fullerton, 92832 - 2 bed, 1 bath
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Fullerton, California 92832
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $594,767 Fair Market Value (Note: Market is currently priced at parity). Featuring a Fair Condition Rating of 5, this asset requires significant rehabilitation, yet the expansive 5,250 sqft lot offers substantial development potential for an ADU. The probate sale status ensures a streamlined transaction for Buy-and-Hold Investors or Contractors. Its proximity to Downtown Fullerton provides strong long-term rental demand, making this a strategic acquisition for those focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 E Elm Avenue Subject | $599,000* List Price | 2 | 1 | 936 | $635 | - |
A 513 Newkirk Avenue Active | $730,000 List Price | 3 | 2 | 1,092 | $668 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1943, this property is explicitly listed as a 'fixer-upper' and probate sale. The kitchen features dated cabinetry with missing appliances and visible floor damage/staining. With an 80+ year age and a description calling for 'TLC,' the home requires significant rehabilitation of systems and finishes to be move-in ready.
Situated just a few blocks from Downtown Fullerton, the property offers exceptional walkability to local dining, shopping, and entertainment hubs.
The expansive 5,250 sqft lot provides a significant opportunity to increase property value by adding square footage or constructing an Accessory Dwelling Unit (ADU).
As a probate sale that does not require court confirmation, the transaction offers a more streamlined and efficient closing process for the buyer.
Identified as a 'light fixer-upper,' the home requires immediate investment in repairs and updates to address its current condition.
With only 936 square feet and a single bathroom, the compact layout may be a drawback for modern families or those seeking more functional utility.
Light Fixer-Upper a few short blocks from Downtown Fullerton. This charming Spanish-style home is ready for your TLC, featuring an efficient 2 bedroom layout with large living room, formal dining, and plenty of natural light. The backyard is expansive with room to add square footage or an ADU. Probate sale, court confirmation not required.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 3% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 936 | 1,471 | 3% |
| Lot Size | 5,250 | 6,864 | 6% |
| Price | $599.0K | $952.0K | 6% |
| Price per sq ft | $640 | $676 | 42% |
| Built year | 1943 | 1954 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 145 | 10% |
May 14, 2026
$599,000
Initial Listing