
Fullerton, California 92833
This fourplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,499,900—positioned well above the $1,262,779 Fair Market Value. While the property lacks immediate equity, its Condition Rating of 4 and vintage 1954 infrastructure provide a clear path for value-add renovations. The asset features a diverse unit mix and private backyards, ensuring strong rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a centrally located, income-generating asset in a high-traffic Fullerton corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4032 W Valencia Drive Subject | $1,449,900* List Price | 0 | 0 | 3,238 | $385 | - |
A 1619 Picadilly Sold | $1,385,000 | 0 | 0 | 4,000 | $346 | 0.8 mi |
B 1600 Picadilly Active | $1,499,000 List Price | 0 | 0 | 3,980 | $377 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this property is significantly dated but functional. While it features some updates like dual-pane windows and newer laminate flooring, the kitchens and bathrooms appear to be over 20 years old with oak cabinetry and older fixtures. The presence of window AC units indicates a lack of modern central HVAC systems, and the overall interior shows typical wear consistent with a long-term rental property needing cosmetic and system updates.
Each unit is uniquely equipped with private backyards, individual washer/dryer hookups, and dedicated garage parking, features that are highly sought after and significantly drive tenant retention.
The property is ideally situated near major transit arteries (5 and 91 Freeways) and popular local destinations like Porto’s Bakery, ensuring high rental demand and low vacancy rates.
The inclusion of a three-bedroom unit alongside three two-bedroom units allows for a versatile income stream and appeals to a broader range of tenant demographics, including larger families.
With 87 days on the market and two consecutive price reductions, the property is experiencing a loss of momentum, which may lead to lower-than-expected offers from opportunistic buyers.
Built in 1954, the property may require significant capital expenditures for aging systems such as plumbing and electrical, which can impact the overall net operating income for investors.
Centrally located single-story fourplex in the desirable City of Fullerton. Built in 1954, this well-maintained investment property sits on a spacious 12,201 sq. ft. lot and offers an excellent unit mix consisting of one 3-bedroom, 1-bath unit and three 2-bedroom, 1-bath units. Each unit features dual-pane windows, its own washer/dryer hookups inside, a private backyard, a one-car garage, and an additional dedicated parking space, providing convenience and privacy. Ideally situated just half a mile from Valencia Park Elementary School and Buena Park High School, the property also offers easy access to the 5 and 91 Freeways, making daily commuting simple and convenient. Residents will enjoy being just minutes from grocery stores, shopping centers, dining, and the popular Porto’s Bakery. This is a fantastic opportunity to own a centrally located multi-unit property in a strong rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,238 | 1,748 |
| Lot Size | 12,201 | 7,475 |
| Price | $1.45M | $1.19M |
| Price per sq ft | $448 | $567 |
| Built year | 1954 | 1908 |
| HOA | $0 | $0 |
| Days on market | 114 | 61 |
Sep 4, 2026
$1,449,900
$1,499,900
-3% Price Drop
Initial Listing
Jul 22, 2026
$1,499,900
$1,549,900
-3% Price Drop
Initial Listing
Jun 23, 2026
$1,549,900
$1,599,900
-3% Price Drop
Initial Listing
May 18, 2026
$1,599,900
Initial Listing
Feb 16, 2021
$1,200,000
Public Record