$1,839,000
-$36,0002024 E Commonwealth Ave, Fullerton CA 92831
Multi-Family (Fourplex)
Property type
66 days
On market
$558
Price per sqft
4 cars
Garage
1960
Year built
8,025 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Paul Banke DRE #02113308, Kirklen Investment Group
Listing updated: May 20, 2026 at 09:59pm.
Last checked: Jun 3, 2026 at 06:31pm
Source: CRMLS #OC26068965
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $2,595 | $2,595 | $2,595 | Unfurnished |
| 3 | 2 | 1 | 1 | $2,780 | $8,340 | $2,795 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 1
Separate Gas Meters: 4
Separate Water Meters: 4
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
14.0x
List Price / Annual Gross Rent
Cap Rate
4.91%
NOI / List Price
Gross Scheduled Income: $131,220
Vacancy Allowance Rate: 3%
Operating Expense: $34,132
Net Operating Income: $93,151
Annual Operating Expenses
Electric: $213
Gardener: $1,200
Fuel: $312
Insurance: $3,117
Maintenance: $2,804
New Taxes: $21,582
Pest Control: $1,000
Supplies: $509
Trash: $1,056
Water / Sewer: $2,339
Interior
Flooring: Laminate
Heating: Forced Air
Appliances: Dryer, Washer
Laundry: Dryer Included, Washer Included
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Garage Faces Rear
Garage Spaces: 4
Uncovered Spaces: 1
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 26901111
Additional Parcels: No
Tax Lot: 3
Community
Senior Community: No
Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 2024 E Commonwealth Ave, Fullerton, CA 92831. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,471,200
Total Interest
$1,876,435
Total Payment
$3,347,635
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,365
per month
Property History for 2024 E Commonwealth Ave
Fullerton Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92831.
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