2024 E Commonwealth, Fullerton, California 92831, Fullerton, 92831 - 0 bed, 0 bath
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Fullerton, California 92831
This Turnkey Quadruplex Investment is listed at $1,899,000, offering a stable entry point aligned with its $1,856,196 Fair Market Value. The property features an Excellent Condition Rating following a comprehensive 2025 renovation, including quartz countertops, shaker cabinetry, and in-unit laundry. Strategically located next to Commonwealth Elementary and minutes from CSU Fullerton, the asset is positioned to capture premium rents in a high-demand corridor. With private patios and four garage spaces, this is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, income-producing sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2024 E Commonwealth Subject | $1,899,000* List Price | 0 | 0 | 3,298 | $563 | - |
A 151 N Lincoln Active Under Contract | $1,350,000 List Price | 0 | 0 | 2,188 | $617 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive full renovation in 2025. All units feature modern interior finishes including new laminate flooring, shaker-style cabinetry, quartz countertops, and updated stainless steel appliances. The bathrooms are fully modernized with contemporary tile work and fixtures, and the property benefits from updated electrical panels and dual-pane windows, meeting the highest standards for a renovated asset.
The property underwent a comprehensive 2025 renovation including quartz countertops, shaker cabinets, and updated electrical panels, offering a move-in ready asset with minimal immediate capital expenditure.
Strategically located near CSU Fullerton and Fullerton College, the property benefits from a consistent pool of student and faculty renters in one of Orange County’s premier rental markets.
The inclusion of in-unit washer/dryer combos, private patios, and four dedicated garage spaces provides a significant competitive advantage over older, non-renovated multifamily assets in the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3298, other record living area = 793.
Despite the extensive cosmetic and electrical upgrades, the 1960s original construction may still require long-term maintenance for aging core systems like plumbing or sewer lines.
Being located directly next door to an elementary school can result in increased noise levels and traffic congestion during peak morning and afternoon hours, which may impact tenant privacy.
Presenting 2024 E Commonwealth Avenue, a single-story turnkey 4-unit multifamily investment property located in Fullerton, CA. The subject property features an extremely attractive unit mix for potential residents comprised of (3) two-bedroom/one-bathroom units (835 sq ft each) and (1) oversized one-bedroom/one-bathroom unit (793 sq ft). 2024 E Commonwealth Avenue also provides residents with amenities such as (4) garage parking spaces, private patios, and in-unit all-in-one washer/dryer combos. 2024 E Commonwealth Ave benefits from its desirable central location being located nearby California State University Fullerton, Fullerton College, Downtown Fullerton, and next door to Commonwealth Elementary School providing residents an amazing living environment due to its proximity to entertainment, schools, shopping, and dining. Current ownership has also substantially renovated the property. All 4-units were fully renovated in 2025 with laminate flooring, all-in-one washer/dryer combos, dual-pane windows, shaker style cabinets, quartz countertops, and new appliances. The subject property also benefits from new paint and updated electrical panels. Taking into consideration, the subject property’s phenomenal location, single-story construction, and recent upgrades, 2024 E Commonwealth Avenue provides a subsequent owner a rare opportunity to acquire a fully repositioned asset in one of Orange County’s premier rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,298 | 3,258 | 62% |
| Lot Size | 8,025 | 7,405 | 69% |
| Price | $1.90M | $1.40M | 92% |
| Price per sq ft | $576 | $557 | 62% |
| Built year | 1960 | 1964 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 190 | 8% |
Mar 31, 2026
$1,899,000
Initial Listing
Feb 4, 2025
$1,350,000
Public Record
Apr 28, 2016
$850,000
Public Record
Feb 17, 2016
$700,000
Public Record
Mar 29, 2002
$392,500
Public Record