2140 Associated Road, Fullerton, California 92831, Fullerton, 92831 - 0 bed, 0 bath
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2140 Associated Road
Fullerton, California 92831
ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
4,255Sq Ft
7,405Lot Size
Property Price
LIST PRICE$1,895,000
EST. MARKET VALUE
$1,938,258
SUMMARY
This 4-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,895,000—positioned well below the $1,938,259 Fair Market Value by 2%. This valuation gap offers $43,259 in Instant Equity. Featuring a Condition Rating of 4, the asset provides stable rental income with significant upside through system modernization. Its proximity to Cal State Fullerton and rare 3BR/2BA unit mix ensure high tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a well-located Orange County asset.
Estimated Market Value
$1,938,258
Based on Realkey algorithm analyzing recent comparable sales in Fullerton.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2140 Associated Road Subject 0 bd · 0 ba · 4,255 sqft · $456 | $1,895,000* List Price | 0 | 0 | 4,255 | $456 | - |
A 3160 Garnet Sold 0 bd · 0 ba · 3,258 sqft · $460 · 0.9 mi | $1,500,000 | 0 | 0 | 3,258 | $460 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964 (60 years old), the property is dated and features older systems like wall AC units. While the age technically exceeds the 50-year threshold, the description of a 'stable' and 'fully occupied' asset indicates it is functional and move-in ready for tenants, though it requires cosmetic and system updates to achieve market rental rates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime University Proximity
Located less than half a mile from Cal State Fullerton, the property benefits from a consistent and high-demand tenant pool of students and faculty, ensuring low vacancy rates.
- Superior Unit Mix
The asset features two rare 3-bedroom/2-bathroom units alongside two 2-bedroom units, offering a versatile configuration that commands premium rental rates in the local market.
- Ample Parking Assets
With three two-car garages and two additional open spaces, the property provides an exceptional parking-to-unit ratio, a significant competitive advantage in dense residential areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7787. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4255, other record living area = 8513.
- Aging Infrastructure
Built in 1964, the property may require increased capital expenditures for maintenance and updates to aging systems compared to newer multifamily developments.
- Basic Climate Control
The reliance on wall AC units rather than a modern central HVAC system may be a drawback for tenants seeking premium comfort in the warm Fullerton climate.
About 2140 Associated Road
2140 Associated Road is a fully occupied 4-unit multifamily property in Fullerton, CA, located less than half a mile from the Cal State Fullerton campus. Set on a 7,405 SF lot, the asset features two 3BR/2BA downstairs units with patios and two 2BR/2BA upstairs units with large open decks. Amenities include on-site laundry, wall AC, and three two-car garages plus two open parking spaces. Built in 1964, the property offers investors a stable, well-located Orange County asset with achievable rental upside.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,255 | 2,503 |
| Lot Size | 7,405 | 7,440 |
| Price | $1.90M | $1.19M |
| Price per sq ft | $445 | $480 |
| Built year | 1964 | 1936 |
| HOA | $0 | $0 |
| Days on market | 20 | 100 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,895,000
Initial Listing
Sold
Jan 12, 2017
$1,325,000
Public Record