Est. cap rate

2.4%

Assumed rent, all units

$5,300/mo

Units

2

Price per unit

$649,500

Est. annual NOI

$31,800

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,740 sqft

Lot size

6,534 sqft

Year built

1916

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

70

MLS #

245259358

About this property

Watch the Disneyland fireworks from the front porch at this investment opportunity in the heart of Fullerton! This 6,534 square foot duplex lot features a charming detached early-1900’s Craftsman-style front home with 3 bedrooms and 2 bathrooms, plus a newer 2-bedroom, 2-bathroom unit built above a detached 4-car garage in 2004. The front home square footage was expanded in 2005 with the addition of the primary bedroom with the cathedral ceiling and walk-in closet. The home has also been re-piped with the supply and waste lines, and offers approximately 946 square feet. The rear unit built in 2004 offers approximately 994 square feet and features a spacious 35' x 13' private patio above the carport. The property includes a long driveway providing additional off-street parking, and each unit has its own 2-car garage with separate laundry hookups, enhancing convenience and tenant appeal. Located on a tree-lined street near Maple Elementary School, Fullerton High School, and Fullerton College. Just minutes from the Fullerton Transportation Center, with easy access to the 91 and 57 Freeways, as well as downtown Fullerton's restaurants, shopping, and entertainment. An outstanding opportunity for investors or owner-occupants seeking rental income and long-term appreciation in a highly desirable Fullerton location. Both units are tenant occupied on month-to-month leases. Check with City of Fullerton for additional ADU option with conversion of rear garage spaces.

Location

110 S Cornell

Fullerton, Orange, CA, 92831