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2625 Andover Avenue, Fullerton, California 92831, Fullerton, 92831 - bed, bath

2625 Andover Avenue, Fullerton, California 92831 home-pic-0
ACTIVE$2,150,000
2625 Andover Avenue, Fullerton, California 92831
0Bed
0Bath
4,303Sqft
7,210Lot
Year Built
1964
Close
-
List price
$2.15M
Original List price
$2.2M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
OC25135958
Home ConditionFair
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.15M(89th), sqft - 4303(78th), beds - undefined(50th), baths - undefined(50th).

the opportunity to acquire 2625 Andover Avenue, a 4-unit multifamily investment property located in the city of Fullerton. Built in 1964, the subject property offers an attractive mix of one (1) Two-Bedroom/1-Bathroom Unit, two (2) Two-Bedroom/1.5-Bathroom Units, and one (1) Three-Bedroom/2-Bathroom Unit. Each unit is separately metered for Gas and Electricity, sprawls over 1,000 square feet of living space, offers a private patio or balcony and a garage parking space. Additionally, the subject property has an on-site laundry room generating additional income. 2625 Andover Avenue is perfectly located in a quiet, well-manicured neighborhood that is only a few minute walk from California State University Fullerton. The bright and mature landscape in the neighborhood offers a peaceful and serene living space for the residents. The subject property is also conveniently located just off the 57 Freeway which offers quick access to the greater Orange County and Los Angeles County areas. Just a few minute drive from the subject property are a handful of parks and shopping centers that will cater to the entire variety of the resident’s needs.

Price History

Date
Event
Price
09/02/25
Price Change
$2,150,000
06/17/25
Listing
$2,200,000
Condition Rating
Fair
The property was built in 1964, making it 60 years old. While the exterior appears maintained in the provided images, there are no interior photos, particularly of the kitchens and bathrooms, which are crucial for a full assessment. The MLS description itself notes 'Potential for Dated Interiors' as a weakness, suggesting that these key areas, along with other systems (plumbing, electrical, HVAC), are likely original or have only received minor updates over the decades. This aligns with the 'Fair' condition criteria, indicating that the property is aged but functional, likely maintained through regular upkeep, but requires minor updates and modernization to meet current standards and tenant expectations.
Pros & Cons

Pros

Strategic Location: The property's prime location within walking distance to California State University Fullerton and immediate access to the 57 Freeway ensures strong rental demand and convenient access for tenants.
Desirable Unit Features: Each unit offers over 1,000 square feet of living space, a private patio or balcony, and a dedicated garage parking space, enhancing tenant appeal and retention.
Operational Efficiency: Units are separately metered for gas and electricity, significantly reducing the owner's operating expenses and promoting tenant responsibility for utility costs.
Additional Income Stream: An on-site laundry room provides a valuable amenity for residents while also generating supplementary income for the property owner.
Diverse Unit Mix: The property features an attractive mix of two-bedroom and three-bedroom units, catering to a broader range of potential renters and household sizes.

Cons

Age of Construction: Built in 1964, the property is over 50 years old, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization in the near future.
Potential for Dated Interiors: The description does not specify any recent renovations or interior upgrades, suggesting that units may have dated finishes and fixtures, potentially limiting rental income without further investment.
Recent Price Reduction: The property has experienced a price reduction from its original listing, which could indicate an initial overestimation of value or a slower market response, potentially impacting future resale value or requiring further price adjustments.

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