3515 W Commonwealth, Fullerton, California 92833, Fullerton, 92833 - 4 bed, 3 bath
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3515 W Commonwealth
Fullerton, California 92833
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
1,289Sq Ft
9,115Lot Size
Property Price
LIST PRICE$900,000
EST. MARKET VALUE
$967,765
7% BelowMARKET VALUE
SUMMARY
This Turnkey Hybrid Property is a Strong Value Opportunity, listed at $900,000—positioned well below the $967,766 Fair Market Value by 7%. This valuation gap offers $67,766 in Instant Equity. Featuring a Condition Rating of 2, the home includes a renovated main residence and a high-income studio generating $4,800/month. With Commercial Zoning, this asset offers immense versatility for business or residential use. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income and long-term appreciation.
Estimated Market Value
$967,765+$67,765 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3515 W Commonwealth Subject 4 bd · 3 ba · 1,289 sqft · $751 | $900,000* List Price | 4 | 3 | 1,289 | $751 | - |
A 1909 W Walnut Avenue Sold 3 bd · 2 ba · 1,104 sqft · $806 · 0.7 mi | $890,000 | 3 | 2 | 1,104 | $806 | 0.7 mi |
B 4200 W West Sold 3 bd · 2 ba · 1,133 sqft · $816 · 0.6 mi | $925,000 | 3 | 2 | 1,133 | $816 | 0.6 mi |
C 4224 W Ash Sold 3 bd · 2 ba · 1,219 sqft · $656 · 0.7 mi | $800,000 | 3 | 2 | 1,219 | $656 | 0.7 mi |
D 1913 W Valencia Sold 3 bd · 2 ba · 1,028 sqft · $827 · 0.7 mi | $850,000 | 3 | 2 | 1,028 | $827 | 0.7 mi |
E 2100 W Valencia Drive Active 3 bd · 1 ba · 1,169 sqft · $769 · 0.6 mi | $899,000 List Price | 3 | 1 | 1,169 | $769 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone a recent, comprehensive turnkey renovation within the last 5 years. The interiors feature fresh contemporary paint, modern vinyl plank flooring, updated recessed lighting, newer roofs, and fully modernized kitchen and bathroom spaces.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9115, living area = 1289.
- Commercial Zoning Versatility
The property features flexible commercial zoning, allowing for diverse uses ranging from a primary residence to a specialized business like a childcare facility.
- Immediate Rental Income
A professionally converted studio provides a turnkey opportunity for multigenerational living or significant rental income, currently generating $4,800 per month.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- High Density Living Space
With four bedrooms and three bathrooms configured within only 1,289 square feet, the interior layout may feel cramped with smaller individual room sizes.
- Lack of Scenic Views
The property is officially listed as having no views, which may be a drawback for buyers seeking the aesthetic appeal common in other Fullerton residential areas.
About 3515 W Commonwealth
COMMERCIALLY ZONED OPPORTUNITY! This exceptionally versatile, turnkey property features a beautifully renovated main residence paired with a professionally converted, self-contained studio. Boasting fresh, contemporary interiors throughout, it’s the ultimate find for owner-users, savvy investors, or multigenerational living. The private studio (a converted garage) is ideal for extended family or generating immediate rental income($4800/month now). With its flexible commercial zoning, the possibilities are endless—use it as a primary home, a lucrative rental, or even a specialized business like a childcare facility!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 9,115 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
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 | 4.0 | 3.5 |
| Baths | 3.0 | 2.6 |
| Square foot | 1,289 | 1,938.316 |
| Lot Size | 9,115 | 7,450.743 |
| Price | $900.0K | $1.25M |
| Price per sq ft | $698 | $665 |
| Built year | 1949 | 1963 |
| HOA | $0 | $294 |
| Days on market | 35 | 45 |
Pricing History
Listed for Sale
Sep 20, 2026
$900,000
Initial Listing
Sold
Aug 12, 2022
$790,000
Public Record
Sold
Mar 27, 2007
$569,000
Public Record