Property

Fullerton, CA 92831 2024 E Commonwealth Ave

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Presented By: Paul Banke with Kirklen Investment Group;
  • MLS# OC26068965
  • 03/31/2026
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  • Baths • 1
  • SQFT • 3,298
  • Garage • 4

Home Details

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.
Presented By: Paul Banke with Kirklen Investment Group;

Interior Features for 2024 E Commonwealth Ave

Other Interior Features

Common Walls2+ Common Walls
FlooringLaminate
Heating Y/NYes
Total Stories1

Other Rooms

Entry Level1

General for 2024 E Commonwealth Ave

Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquare Feet
Cap Rate4.91
CityFullerton
Community FeaturesCurbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
CountyOrange
Directions57 North Exit Chapman head West, South on State College Blvd, West on E Commonwealth
Electric Expense213
Entry Locationfront
Fuel Expense312
Garage Spaces4
Garage Y/NYes
Gross Income127283
HeatingForced Air
Insurance Expense3117
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet8025
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
MaintenanceExpense2804
Net Operating Income93151
New ConstructionNo
Number Of Units Total4
Open Parking Spaces1
Operating Expense34132
Pool FeaturesNone
PostalCityFULLERTON
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot3
Taxes$21,582
Tenant PaysElectricity, Gas
Trash Expense1056
Water Sewer Expense2339
Year Built1960
Year Built SourceAssessor

Exterior for 2024 E Commonwealth Ave

Building Area Total3298
Lot Features6-10 Units/Acre
Lot Size Acres0.1842
Lot Size Area8025
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesGarage Faces Rear
Private PoolNo
Total Parking5
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $1,899,000
MLS#OC26068965
List Date 03/31/2026
Property Type Multi-Family
Phone 310.866.3778
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