517 W Maplewood Avenue, Fullerton, California 92832, Fullerton, 92832 - 5 bed, 3 bath
ACTIVE$1,090,000
517 W Maplewood Avenue, Fullerton, California 92832
5Beds
3Baths
2,160Sqft
8,280Lot
Price Vs. Estimate
The estimated value ($1,090,000) is $0 (0%) lower than the list price ($1,090,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Generation: The property currently generates a substantial monthly income of $6,400 from three families, presenting a high-yield investment opportunity.
Top Cons:
Tenant Occupancy & Access Limitations: The property is tenant-occupied, with a strict 'do not disturb' policy, which can complicate showings, inspections, and possession for potential owner-occupant buyers.
Compared to the nearby listings
Price:$1.09M vs avg $982.5K (+$107,500)63%
Size:2,160 sqft vs avg 1,558.5 sqft74%
Price/sqft:$505 vs avg $66016%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property is an older home that has received some updates. The visible interior areas feature modern laminate/engineered wood flooring and recessed lighting, and the partial view of the kitchen shows updated dark cabinets and a contemporary pendant light. However, there are no images of the bathrooms or the full kitchen, which are critical for a comprehensive assessment. The exterior appears maintained but shows its age, with older concrete paths. The description mentions 'structural modifications' for rental potential, which often prioritizes functionality over high-end finishes or comprehensive modern updates throughout. While the visible areas are move-in ready, the lack of full interior visibility, especially for key areas like bathrooms, and the overall age of the structure suggest it likely requires minor updates or has components that are functional but show signs of being outdated, aligning with a 'Fair' condition.
Year Built
1955
Close
-
List price
$1.09M
Original List price
$1.18M
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
PW25053993
Home ConditionFair
Features
Pool
Patio
View-
About this home
This exceptional single-family home in Fullerton offers a spacious front yard with ample parking. Featuring 5 bedrooms and 3 bathrooms, the property is currently rented to three families, generating a steady monthly income of $6,400. Structural modifications made by the previous owner have maximized rental potential, making this an excellent investment opportunity. The backyard serves as a private oasis, boasting a swimming pool and a variety of fruit trees, creating a serene and inviting outdoor space. Located in a peaceful neighborhood, the home is just minutes from shopping centers, restaurants, and other conveniences. **Please do not disturb the tenants. Whether you're looking for multi-family living or a high-yield investment, this property presents a unique opportunity. Buyers are encouraged to conduct their own due diligence, as the accuracy of property details is not guaranteed.
Condition Rating
Fair
Built in 1955, this property is an older home that has received some updates. The visible interior areas feature modern laminate/engineered wood flooring and recessed lighting, and the partial view of the kitchen shows updated dark cabinets and a contemporary pendant light. However, there are no images of the bathrooms or the full kitchen, which are critical for a comprehensive assessment. The exterior appears maintained but shows its age, with older concrete paths. The description mentions 'structural modifications' for rental potential, which often prioritizes functionality over high-end finishes or comprehensive modern updates throughout. While the visible areas are move-in ready, the lack of full interior visibility, especially for key areas like bathrooms, and the overall age of the structure suggest it likely requires minor updates or has components that are functional but show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons
Pros
Exceptional Income Generation: The property currently generates a substantial monthly income of $6,400 from three families, presenting a high-yield investment opportunity.
Optimized for Multi-Family Use: Structural modifications made by the previous owner have maximized the property's rental potential, making it ideal for multi-family living or continued investment.
Desirable Outdoor Living Space: The backyard offers a private oasis with a swimming pool and a variety of fruit trees, enhancing the property's appeal and lifestyle amenities.
Spacious Layout & Lot Size: With 5 bedrooms, 3 bathrooms, 2160 sqft of living space, and an 8280 sqft lot, the property provides ample room for residents and outdoor activities.
Convenient & Peaceful Location: Located in a peaceful neighborhood, the home is just minutes from shopping centers, restaurants, and other essential conveniences.
Cons
Tenant Occupancy & Access Limitations: The property is tenant-occupied, with a strict 'do not disturb' policy, which can complicate showings, inspections, and possession for potential owner-occupant buyers.
Unverified Structural Modifications: Mention of 'structural modifications' made by a previous owner to maximize rental potential raises concerns about permitting, code compliance, and potential future liabilities, requiring extensive buyer due diligence.
Age of Property & Potential for Updates: Built in 1955, the property is older, suggesting potential needs for updates to major systems (e.g., electrical, plumbing, HVAC) or general deferred maintenance, which could incur additional costs for a buyer.