$2,100,000

Estimated payment $13,509/month

9 Beds
7 Baths
3,217 Sq Ft
$653 Price per Sq Ft

Highlights

  • Solar Power System
  • Colonial Architecture
  • No HOA
  • All Bedrooms Downstairs
  • Private Yard
  • Neighborhood Views

About This Home

Wow – what an incredible opportunity to invest or house-hack in the heart of desirable Downtown Fullerton! This exceptional four-unit property features individually metered electricity, separate addresses and private laundry for each unit for each unit, offering added convenience for owners and investors. The beautifully remodeled 3-bedroom, 2-bathroom main house (116 N Cornell) is tucked away at the rear of the property with direct access to a quiet alley, offering privacy and convenience. Adjacent to the main house, the original two-story garage building (114 N Cornell) includes a charming 225 sq. ft. studio apartment upstairs, complete with a kitchenette and full bathroom. At the front of the property sits a brand-new duplex (114A & 114B N Cornell), completed in July 2026, featuring two spacious 3-bedroom, 2-bathroom units—one upstairs and one downstairs—each offering just under 1,000 sq. ft. of living space. Both units come equipped with fully paid-off solar systems, providing energy efficiency, lower electricity costs, and long-term value. All four units showcase high-end finishes, including luxury vinyl plank flooring, soaring ceilings, and energy-efficient ductless mini-split systems throughout. The modern kitchens feature quartz countertops, stainless steel appliances, and ceiling-height Shaker cabinetry. Bathrooms are beautifully appointed with designer vanities, custom tilework, and frameless glass shower doors. Outdoor spaces are equally inviting. The main house offers a private patio, while the newly constructed duplex features a charming front yard enclosed by a classic white picket fence. Location is everything! Situated in the heart of Downtown Fullerton, you'll enjoy walking distance to popular restaurants, coffee shops, boutiques, and entertainment along Commonwealth Avenue. The property is near award-winning Troy High School, as well as Fullerton College, Cal State Fullerton, and the Fullerton Transportation Center. Downtown Anaheim, Angel Stadium, and Disneyland are all nearby. Whether you're looking to live in one unit while generating rental income from the others, expand your investment portfolio with immediate cash flow, or accommodate a large or multigenerational family, this versatile property checks every box. Four-unit properties like this are rare—don't miss this exceptional opportunity!

Listing Agent

BETTY WU

Pinnacle Real Estate Group License #01872217 Listed on: 07/21/2026

Pinnacle Real Estate Group

Co-Listing Agent

Raymond Tsai

Pinnacle Real Estate Group License #01784303

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 6,250 Sq Ft Lot
  • Wood Fence
  • Private Yard
  • Density is 2-5 Units/Acre

Home Design

  • Colonial Architecture
  • Entry on the 1st floor
  • Raised Foundation

Interior Spaces

  • 3,217 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Flooring
  • Neighborhood Views
  • Electric Oven

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Bedrooms Down
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Solar Power System
  • Urban Location
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 205
  • Assessor Parcel Number 03317311
  • $406 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

6,250 Sq Ft Lot

Listing Details

  • CapRate: 4.70
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 5400.00
  • Architectural Style: Colonial
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 03317311
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Multi/Split
  • Price Per Square Foot: 652.78
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Water Available, Sewer Available, Sewer Connected, Electricity Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven
  • Heating Type: Zoned
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Average Studio Area: 225 Square Feet
  • Gross Income: 152400.00
  • Gross Multiplier: 13.80
  • Gross Scheduled Income: 152400.00
  • Insurance Expense: 4539.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 152400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 11139.00
  • Rent Control: Yes
  • Total Expenses: 11139.00

Tax Info

  • Tax Lot: 20
  • Tax Tract Number: 205
  • TaxOtherAnnualAssessmentAmount: 406.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2026 07/21/26 For Sale $2,100,000 -- $653 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS26158101

California Regional Multiple Listing Service (CRMLS)
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