3515 W Commonwealth Avenue, Fullerton, California 92833, Fullerton, 92833 - 3 bed, 2 bath
3515 W Commonwealth Avenue
Fullerton, California 92833
Property Price
SUMMARY
Analysis of 3515 W Commonwealth Avenue, Fullerton, California 92833 reveals a property with a current list price of $1,169,400, which is 8% above the estimated $1,064,716 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Fullerton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3515 W Commonwealth Avenue Subject | $1,169,400* List Price | 3 | 2 | 1,289 | $826 | - |
A 619 S Brookhurst Road Sold | $895,000 | 3 | 2 | 1,196 | $748 | 1.0 mi |
B 913 Meade Avenue Sold | $1,015,000 | 4 | 2 | 1,331 | $763 | 0.7 mi |
C 218 Muroc Sold | $930,000 | 3 | 1 | 945 | $984 | 0.7 mi |
D 1301 S Courtney Avenue Sold | $893,000 | 3 | 2 | 1,218 | $733 | 1.0 mi |
E 4201 W Ash Avenue Sold | $985,000 | 3 | 2 | 1,219 | $808 | 0.6 mi |
F 2100 W Valencia Drive Active | $925,000 List Price | 3 | 1 | 1,169 | $791 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1948, the property has undergone a recent and extensive renovation, as stated in the description and clearly evidenced by the images. The kitchen features modern white shaker cabinets, new stainless steel appliances, quartz countertops, and subway tile backsplash. Both bathrooms are fully updated with contemporary vanities, fixtures, and tile work. New laminate/vinyl plank flooring, fresh paint, recessed lighting, and mini-split AC units throughout indicate a comprehensive overhaul. All visible components are new or virtually new, meeting current quality standards, aligning perfectly with the 'Excellent' condition criteria for a recently renovated property.
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.
- Recent Renovation
The property has been recently renovated, reducing immediate capital expenditure for a new owner and offering a modern commercial space.
- Strategic Location & Accessibility
Strategically positioned near major freeways (91 & 57), Downtown Fullerton, Fullerton College, and Cal State Fullerton, ensuring high visibility and convenient access to surrounding cities and a strong customer base.
CONSRISKS & DEFICIENCIES
- Age of Structure
Despite recent renovations, the 1948 construction year suggests potential for underlying older infrastructure or higher long-term maintenance costs compared to newer commercial builds.
- Data Inconsistency (Residential vs. Commercial)
The listing data incorrectly identifies the property as 'Residential' with '3 beds, 2 baths,' which directly contradicts the detailed description of it being a 'freestanding commercial property' with 'G-C zoned lot,' potentially causing confusion for buyers.
- Limited Building Size
The 1,289 SF building is relatively small for a commercial property on a 9,115 SF lot, which might restrict the types or scale of businesses that can operate effectively without significant expansion or redevelopment.
About 3515 W Commonwealth Avenue
Opportunity to acquire a recently renovated freestanding commercial property located on Commonwealth Avenue in Fullerton. The property consists of a ±1,289 SF building situated on a ±9,115 SF G-C zoned lot with strong street frontage, dedicated parking, and a fenced, secured yard. Zoning allows for a wide range of general commercial uses, providing flexibility for investors or future owner-users. Strategically positioned near the 91 and 57 Freeways, Downtown Fullerton, Fullerton College, and Cal State Fullerton, with convenient access to surrounding cities including Buena Park, Brea, La Habra, and Anaheim. The site benefits from strong traffic counts of approximately 22,716 cars per day and is supported by dense, high-income demographics. Ideal for investors seeking a well-located asset with long-term upside and broad re-tenanting potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 9,115 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,289 | 1,721 | 26% |
| Lot Size | 9,115 | 7,140 | 81% |
| Price | $1.17M | $1.02M | 57% |
| Price per sq ft | $907 | $660 | 97% |
| Built year | 1948 | 1960 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 170 | 10% |
Pricing History
Listed for Sale
Dec 22, 2025
$1,169,400
Initial Listing
Sold
Aug 12, 2022
$790,000
Public Record
Sold
Mar 27, 2007
$569,000
Public Record