List Search

1116 West Ave
Fullerton, CA 92833

$2,525,000 USD

Apartments For Sale  •  5,733 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,733 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 4.49 %
  • Zoning RM
30 Transit Score
60 Walk Score

Highlights

Ideal 10-Unit Mix: Perfectly balanced with five 2-bed/1-bath and five 1-bed/1-bath units.
Proven Value-Add Upside: Three units fully renovated and two partially renovated, leaving a clear path to modernize the remaining five units.
Heavy Cap-Ex Completed: Ownership recently completed 2025 SB-721 compliance, added ceiling insulation, and upgraded the main drain cleanout.
Strong Tenant Draws: 10 single-car garages, an on-site laundry facility, a 4-camera security system, and new privacy walls for the two-bedroom units.
Prime Orange County Location: Quiet Fullerton residential setting surrounded by single-family homes.

Financial Summary (Actual)

Net Operating Income: $113,414 USD (2026)
Cap Rate: 4.49 %
Total Expenses: $66,891 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Fullerton (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.5 mi
Buena Park (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.6 mi
AirportDriveWalkDistance
John Wayne/Orange County 23 min - 16.9 mi
Long Beach (Daugherty Field) 29 min - 19.1 mi
Ontario International 43 min - 30.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: OneCarGarage
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap