About this home

Presenting 2024 E Commonwealth Avenue, a single-story turnkey 4-unit multifamily investment property located in Fullerton, CA. Operating at a 5.42% Cap Rate, 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.

Facts and features

Schools

• Commonwealth Elementary School

  elementary · K-6 · 0.1 mi

  5

• Ladera Vista Junior High School

  middle · 7-8 · 0.2 mi

  4

• Troy High School

  high · 9-12 · 0.7 mi

  10

• IvyCrest Montessori Private School

  elementary · K-6 · 0.3 mi

• La Vista High (Continuation) School

  high · 9-12 · 0.7 mi

  2

• La Sierra High (Alternative) School

  high · 9-12 · 0.7 mi

  7

Price history

• Oct 22, 2026 · Listed$1,749,000
• Feb 4, 2025 · Sold$1,350,000
• Jun 22, 2017 · Sold$850,000
• Apr 28, 2016 · Sold$850,000
• Feb 24, 2016 · Listed$850,000
• Feb 17, 2016 · Sold$700,000
• Mar 29, 2002 · Sold$392,500
• Apr 23, 1996 · Sold$265,000

Tax history

• 2025$11,860 tax · $1,377,000 assessed
• 2024$11,396 tax · $1,006,223 assessed
• 2023$11,120 tax · $967,151 assessed
• 2022$11,042 tax · $948,188 assessed
• 2021$10,852 tax · $929,597 assessed
• 2020$10,792 tax · $920,066 assessed
• 2019$10,516 tax · $902,026 assessed
• 2018$10,359 tax · $884,340 assessed

Home value

$1,937,000

• Collateral Analytics$1,937,000
• Quantarium$1,378,539

Where it is