422 W Amerige Avenue, Fullerton, California 92832, Fullerton, 92832 - 5 bed, 4 bath
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Fullerton, California 92832
This Hybrid Investment Opportunity is listed at a List Price of $1,450,000, which aligns closely with the $1,434,889 Fair Market Value. Featuring a Mint Condition Rating with a brand-new 2026 ADU and extensive recent capital improvements, this property offers immediate stability. The dual-unit configuration provides significant rental income potential, while the location offers access to the prestigious Troy High School STEM program. This is a rare, turnkey asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset their mortgage through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 422 W Amerige Avenue Subject | $1,450,000* List Price | 5 | 4 | 2,474 | $585 | - |
A 521 W Whiting Avenue Sold | $1,488,000 | 5 | 5 | 2,725 | $546 | 0.2 mi |
B 912 El Dorado Drive Sold | $1,269,900 | 3 | 3 | 2,150 | $591 | 0.7 mi |
C 809 North Ford Avenue Sold | $1,190,000 | 4 | 2 | 1,781 | $668 | 0.5 mi |
D 616 W Ash Avenue Sold | $1,055,000 | 4 | 3 | 1,645 | $641 | 0.5 mi |
E 761 Ocean View Sold | $1,150,000 | 3 | 2 | 1,702 | $676 | 0.5 mi |
F 443 W Southgate Avenue Sold | $1,050,000 | 4 | 3 | 1,937 | $542 | 0.6 mi |
G 601 Casa Blanca Sold | $1,095,000 | 3 | 2 | 1,740 | $629 | 0.6 mi |
H 530 W Elm Avenue Active | $1,199,000 List Price | 4 | 2 | 1,885 | $636 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new ADU built in 2026 and a main house with comprehensive recent renovations including a 2024 roof, 2023 windows, and 2021 HVAC. The kitchen and bathrooms showcase modern, high-end finishes and premium appliances, meeting the criteria for mint condition with no maintenance required.
This rare 'two homes on one lot' configuration includes a brand-new 2026 ADU with a secured two-year lease at $3,000/month, providing immediate and stable cash flow for investors or mortgage offset for owner-occupants.
The property boasts significant recent upgrades, including a 2024 California Cool Roof, 2023 windows, and a 2021 HVAC system, greatly reducing the need for immediate maintenance or renovation capital.
Located in the heart of Downtown Fullerton, the property offers high walkability to the Transportation Center and dining, along with eligibility for the nationally recognized STEM programs at Troy High School.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2474, other record living area = 1474. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With only a one-car garage and a carport to serve two separate residences and a total of five bedrooms, parking may be insufficient for multiple tenants or large households.
The existing two-year lease on the ADU limits the immediate flexibility for buyers who may have intended to use the secondary unit for multi-generational living or personal use.
Live in One, Rent the Other! Rare Downtown Fullerton Property Featuring Two Homes on One Lot with Income Potential on a 7,000+ Sq. Ft. Lot. Total Potential Monthly Income: $7,000/month. All Utilities Paid by Tenants. Rare Downtown Fullerton Opportunity – Ideal for Investors, 1031-exchange Buyers, and Owner-Occupants seeking Rental Income. Welcome to 422 W. Amerige Avenue, a truly unique property offering the perfect combination of charm, modern upgrades, and investment potential in one of Fullerton's most desirable neighborhoods. Situated on an expansive 7,000+ square foot lot in the heart of Downtown Fullerton, this exceptional property features: UNIT 1 - MAIN HOUSE | a beautifully updated 3-bedroom, 2-bath main residence with approximately 1,474 square feet of living space. UNIT 2 - ADU | Built in 2026, fully permitted 2-bedroom, 2-bath offering approximately 1,000 square feet of living space, vaulted ceilings with all new custom design & finishes. The owner has invested significantly in quality improvements, including newer windows (2023), a California Cool Roof (2024), a newer HVAC system (2021), and a new electric water heater installed in 2026. The stylish kitchen features a premium Fisher & Paykel electric oven, while the Nest smart thermostat provides convenient climate control from anywhere. Step outside and enjoy the private side patio and elevated deck with electricity—perfect for entertaining, outdoor dining, or creating your own backyard retreat. The generous lot provides valuable outdoor space rarely found in this sought-after downtown location. Additional features include a 1-car garage, carport, and permitted improvements throughout the property. Location is everything, and this home delivers. Just blocks from vibrant Downtown Fullerton, you'll enjoy easy access to popular restaurants, coffee shops, entertainment venues, local events, and the Fullerton Transportation Center with direct rail service to Downtown Los Angeles and Orange County destinations. Families will appreciate access to the highly regarded Fullerton School District and Fullerton Joint Union High School District, including eligibility to apply for the nationally recognized STEM programs at Troy High School. Schedule your showing today and discover why this is one of Downtown Fullerton's most compelling properties currently available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,474 | 2,030 |
| Lot Size | 7,000 | 7,495 |
| Price | $1.45M | $1.28M |
| Price per sq ft | $586 | $660 |
| Built year | 2026 | 1961 |
| HOA | $0 | $220 |
| Days on market | 44 | 43 |
Jun 8, 2026
$1,450,000
Initial Listing
Nov 3, 2003
$346,000
Public Record
Aug 14, 2003
$220,000
Public Record
May 22, 1996
$142,000
Public Record