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2024 E Commonwealth Ave, Fullerton, CA 92831

  • $1,839,000

  • bed

  • bath

Multi-family for sale 107 days
$36K price drop
Movoto is helping 33 homebuyers near you

About 2024 E Commonwealth Ave

Property type Multi-family
Year built 1960
HOA fee $0/month
Lot size 8,025 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Presenting 2024 E Commonwealth Avenue, a single-story turnkey 4-unit multifamily investment property located in Fullerton, CA. The subject property features an extremely attractive unit mix for potential residents comprised of (3) two-bedroom/one-bathroom units (835 sq ft each) and (1) oversized one-bedroom/one-bathroom unit (793 sq ft). 2024 E Commonwealth Avenue also provides residents with amenities such as (4) garage parking spaces, private patios, and in-unit all-in-one washer/dryer combos. 2024 E Commonwealth Ave benefits from its desirable central location being located nearby California State University Fullerton, Fullerton College, Downtown Fullerton, and next door to Commonwealth Elementary School providing residents an amazing living environment due to its proximity to entertainment, schools, shopping, and dining. Current ownership has also substantially renovated the property. All 4-units were fully renovated in 2025 with laminate flooring, all-in-one washer/dryer combos, dual-pane windows, shaker style cabinets, quartz countertops, and new appliances. The subject property also benefits from new paint and updated electrical panels. Taking into consideration, the subject property’s phenomenal location, single-story construction, and recent upgrades, 2024 E Commonwealth Avenue provides a subsequent owner a rare opportunity to acquire a fully repositioned asset in one of Orange County’s premier rental markets.
Listed by
Listing Agent - Paul Banke
Listing Office - Kirklen Investment Group
Source: CRMLS mls logo
MLS#OC26068965 • last updated 1 month ago
Movoto checked CRMLS for data 1 minute ago
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Overview
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.1842
Lot Size (SqFt) 8025
Year Built 1960
Interior
Flooring Laminate
Exterior
Building Area Square Feet, 3298
Parking Garage Faces Rear
# Uncovered Spaces 1
# Parking Spaces 5
# Garage Spaces 4
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Orange
Community Features Gutters, Curbs, Street Lights, Storm Drains, Sidewalks, Suburban
Directions 57 North Exit Chapman Head West, South On State College Blvd, West On E Commonwealth
APN 26901111
Multifamily Details
Vacancy Allowance Rate 3
Expense: Trash 1056
Operating Expense 34132
Cap Rate 4.91
Expense: Insurance 3117
Total Expenses 34132
Expense: Maintenance 2804
Expense: Water/ Sewer 2339
Gross Income 127283
Gross Operating Income 127283
Expense: Electric 213
Gross Multiplier 14.47
Gross Scheduled Income 131220
Expense: Supplies 509
Expense: Fuel 312
Expense: Gardener 1200
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9/10
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
71/100
Walk
75/100
Family
94/100
Dining
98/100
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  • Real Estate
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  • Orange County
  • Fullerton
  • 92831
  • 2024 E Commonwealth Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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