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Listed by Logan Perry • Marcus & Millichap RE Invest
$2,525,000
Est. payment /mo
5,733 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,733 sqft
Price per Sqft $440
MLS Listing ID OC-26198473
Year Built 1955
Lot Size 0.350 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1116 West Avenue is a 10-unit multifamily property located in Fullerton, California. Built in 1955, the property consists of approximately 5,733 rentable square feet situated on a 0.35-acre lot. The balanced unit mix includes five two-bedroom/one-bathroom units and five one-bedroom/one-bathroom units, appealing to a broad renter base. The property also offers 10 single-car garages and an on-site laundry facility. Ownership has completed varying levels of interior improvements throughout the property. Units B, H, and J have been fully renovated, while Units A and F have been partially renovated. Additional upgrades include two dual-pane windows in Unit A, a re-enameled sink in Unit C, and a new ceiling fan in Unit E. With several units already improved and others retaining further renovation potential, a prospective buyer may have an opportunity to continue interior upgrades over time and further enhance the property's rental profile, subject to market conditions and applicable regulations. Ownership has also completed a broad range of capital and property improvements since 2021. These include privacy walls at the two-bedroom units, a new main drain cleanout, insulation in ceilings throughout all 10 units, a four-camera security system, new concrete and paving improvements behind the garages and laundry area, and SB 721 work completed in 2025. Three water heaters have been replaced and equipped with earthquake straps, while single-handle shower faucets have been installed throughout the property with the exception of Unit K. The laundry room has also received upgrades, including a new door, outlets, and switches. Situated in an established Fullerton residential neighborhood, 1116 West Avenue is surrounded primarily by single-family housing while remaining convenient to the area's major retail, recreational, and transportation amenities. Harbor Boulevard and Euclid Street provide nearby access to grocery-anchored shopping centers, restaurants, and everyday services, while Independence Park and area schools are also within close proximity. The property's central Fullerton location further provides convenient access to Interstate 5 and State Route 91.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Laundry Community
Exterior
Garage Spaces 10.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights
Building
Lot Description Level with Street
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900