2601 Andover, Fullerton, California 92831, Fullerton, 92831 - bed, bath
ACTIVE$1,890,000
2601 Andover, Fullerton, California 92831
0Bed
0Bath
4,527Sqft
9,115Lot
Year Built
1964
Close
-
List price
$1.89M
Original List price
$2.1M
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
OC25234563
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.89M(89th), sqft - 4527(78th), beds - undefined(50th), baths - undefined(50th).
4-unit investment opportunity located at 2601 Andover, Fullerton, CA. The property is a mix of three bedroom two bath and two bedroom one bath units. Subject property has recently been painted. The subject property is located within a prime area of Fullerton next to Cal State University Fullerton, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation.
Price History
Date
Event
Price
12/15/25
Price Change
$1,890,000-5.0%
11/19/25
Price Change
$1,990,000-5.2%
10/07/25
Listing
$2,100,000
Condition Rating
Poor
Built in 1964, this property is 60 years old with no evidence of major renovations. The interior images show dated features like popcorn ceilings and old carpeting. The presence of a window AC unit suggests outdated or absent central HVAC. The MLS listing's weakness analysis explicitly states that the property's age 'may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance.' While recently painted, the units likely have dated finishes and require substantial repairs and rehabilitation to major systems and interiors to meet current standards.
Pros & Cons
Pros
Multi-Unit Investment: This 4-unit residential income property offers diversified income streams and strong investment potential for both immediate cash flow and long-term appreciation.
Prime University Location: Strategically located next to Cal State University Fullerton, ensuring high rental demand, a stable tenant pool, and potential for student housing.
Excellent Local Amenities: Proximity to shopping, entertainment centers, schools, parks, and government buildings enhances tenant desirability and convenience, contributing to low vacancy rates.
Strong Rental Income & Upside: The property boasts strong current rents with additional upside potential, allowing investors to benefit from immediate income and future rent growth.
Diverse Unit Mix: The mix of three-bedroom/two-bath and two-bedroom/one-bath units caters to a broader range of tenant demographics, increasing market appeal.
Cons
Property Age: Built in 1964, the property may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing maintenance due to its age.
Multiple Price Reductions: The property has undergone several price reductions from its original listing, which could indicate it was initially overpriced or is struggling to attract buyers at its current valuation.
Limited Interior Renovation Details: While recently painted, the description lacks specific details on interior renovations, suggesting that units may have dated finishes or require updates to maximize rental income potential.