215 E Ash, Fullerton, California 92832, Fullerton, 92832 - 4 bed, 3 bath
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Fullerton, California 92832
This property presents a High-Potential Investment Opportunity with a List Price of $900,000, positioned slightly above the $876,631 Fair Market Value. Featuring R3 Zoning on a 7,475 sq. ft. lot, this Residential Income Asset includes three separate structures and utility meters, providing a rare foundation for multi-unit conversion. With a Poor Condition Rating, the property requires significant capital investment to modernize the 1908 infrastructure. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize density in a high-demand Fullerton rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 E Ash Subject | $900,000* List Price | 4 | 3 | 1,748 | $502 | - |
A 119 W Valencia Drive Sold | $955,000 | 0 | 0 | 1,932 | $494 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1908 and marketed as a 'redevelopment opportunity,' the property is in poor condition with structures requiring significant rehab or conversion; no evidence of modern updates to kitchens, baths, or systems.
The R3 zoning on a 7,475 sq. ft. lot provides exceptional redevelopment upside, allowing for high-density residential growth in a high-demand Fullerton submarket.
Featuring three separate structures and three individual utility meters, the property offers a rare foundation for immediate multi-income stream conversion with reduced utility setup costs.
Proximity to Downtown Fullerton, Fullerton College, and Cal State Fullerton ensures a consistent pool of potential renters, including students and local professionals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7475, other record lot size in square feet = 7233. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1748, other record living area = 866. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1908, the existing buildings likely require extensive modernization, structural updates, or a complete teardown to meet current building codes and market expectations.
The property is positioned as a 'value-add' opportunity, requiring significant capital investment and extensive buyer due diligence regarding permits and zoning compliance for conversion.
Rare Income & Value-Add REDEVELOPMENT Opportunity in the Heart of Fullerton. Located next to the MAPLE ELEMENTARY SCHOOL, this unique residential R3-zoned property offers exceptional upside potential with three (3) separate structures and three (3) individual utility meters. This property is a rare find in today’s market. Ideal for investors, owner-users, or buyers seeking long-term income growth, this property presents a compelling opportunity to create a multi-income residential asset. The property features a front single-family residence with 2 bedrooms and 1 full bathroom, approximately 1078 sq ft (approx), plus two additional detached structures located in the backyard, each with separate utility meters. With proper buyer due diligence, the layout and infrastructure provide strong potential for conversion into a 3-unit rental configuration. Situated in a high-demand rental area, the property is adjacent to an elementary school and conveniently located near Downtown Fullerton, Fullerton College, Cal State Fullerton, and is within quick access to the 91 and 57 freeways. The generous yard area between the main house and rear structures offers additional flexibility for outdoor living, parking, or future enhancements. Just imagine the REDEVELOPMENT OPPORTUNITIES to own a property with built-in infrastructure for multiple income streams in one of Fullerton’s most desirable and centrally located neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 67% |
| Baths | 3.0 | 0.0 | 67% |
| Square foot | 1,748 | 3,665.5 | 17% |
| Lot Size | 7,475 | 6,316 | 83% |
| Price | $900.0K | $1.48M | 17% |
| Price per sq ft | $515 | $428 | 83% |
| Built year | 1908 | 1958 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 204 | 17% |
May 13, 2026
$900,000
Initial Listing