912 E Commonwealth, Fullerton, California 92831, Fullerton, 92831 - 0 bed, 0 bath
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Fullerton, California 92831
This Turnkey Multi-Unit Asset is a Strong Value Opportunity, listed at $1,275,000—positioned well below the $1,349,605 Fair Market Value by 5%. This valuation gap offers $74,605 in Instant Equity. Boasting a Mint Condition Rating, the property features a remodeled main home and two 2022-built ADUs equipped with Solar Panels and modern finishes. Located near Fullerton College with a Walk Score of 80, it ensures high rental demand and university-adjacent convenience. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 912 E Commonwealth Subject | $1,275,000* List Price | 0 | 0 | 2,250 | $567 | - |
A 151 N Lincoln Sold | $1,290,000 | 0 | 0 | 2,188 | $590 | 0.2 mi |
B 151 N Lincoln Sold | $1,290,000 | 4 | 4 | 2,188 | $590 | 0.2 mi |
C 152 N Princeton Avenue Sold | $1,400,000 | 0 | 0 | 2,512 | $557 | 0.2 mi |
D 124 N Princeton Avenue Sold | $1,100,000 | 5 | 2 | 1,804 | $610 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features two ADUs built in 2022 and a main house fully remodeled in 2021. With all structures and renovations under 5 years old, the property offers modern kitchens, updated bathrooms, new HVAC systems, and solar panels, meeting the criteria for mint condition with no maintenance required.
The property features two newly built ADUs generating approximately $4,600 in monthly rent, offering a significant mortgage offset for owner-occupants or strong cash flow for investors.
With a 2021 remodel of the main house and 2022 construction for the ADUs, the property is move-in ready with modern finishes, solar panels, and updated systems, minimizing immediate capital expenditures.
Boasting a high walk score of 80 and close proximity to Fullerton College and Chapman University, the location ensures consistent tenant demand and easy access to downtown amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4400, other record lot size in square feet = 4615. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2250, other record living area = 832.
Accommodating three separate units on a 4,400 square foot lot results in limited private outdoor space and a higher density feel for residents.
With only four off-street parking spaces available for three 2-bedroom units, parking may become a point of friction if tenants possess multiple vehicles.
Perfect move-in ready house plus 2 ADUs in an excellent Fullerton location. Detached 2 bed, 1 bath SFR completely remodeled in 2021 with new kitchen, bathroom, windows, finishes, AC, laundry, and overhead lighting. Two new 2 bed, 1 bath ADUs in rear built in 2022 , also with modern finishes, open concept floor plans, AC and in-unit laundry. Parking lot for 4 cars off street. Separately metered for gas and electricity plus solar panels on ADUs. In-place rent from ADUs can nearly cover your mortgage at $2300 each. Turnkey, low maintenance property perfect for a start investment property. Excellent Fullerton location only minutes away from Downtown, Fullerton College, and Chapman University. Outdoor amenities nearby in the Fullerton Arboretum, Craig Regional Park, Fullerton Sports Complex, and numerous golf courses. Convenient transit access located only minutes away from the 91 and 57 freeways. Very walkable location with a walk score of 80.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,250 | - |
| Lot Size | 4,400 | - |
| Price | $1.27M | $1.33M |
| Price per sq ft | $567 | $561 |
| Built year | 2022 | 0 |
| HOA | $0 | $0 |
| Days on market | 98 | 89 |
Apr 15, 2026
$1,275,000
Initial Listing
Mar 1, 2021
$475,000
Public Record