$1,150,000
UNDER CONTRACT

124 N Princeton Ave Fullerton, CA 92831

Estimated payment $6,353/month

Total Views 1,937
5 Beds
2 Baths
1,804 Sq Ft
$637 Price per Sq Ft

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • No HOA
  • Fullerton Union High School Rated A-
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window

About This Home

Rare opportunity to own two detached residences on a single parcel in the R2P zoning district, which allows for two family residential use. This property offers flexibility for both investors and owner occupants. The front unit is a single story 3 bedroom 1 bathroom home with approximately 1,119 square feet. It features hardwood flooring, granite countertops, and an indoor laundry area. The home is vacant and ready for immediate occupancy or lease. This unit includes two single car garages. The rear unit is a 2 bedroom 1 bathroom home with approximately 685 square feet, built above a three car garage. It includes an updated bathroom and hardwood floors. The tenant is currently on a month to month lease at 2,600 dollars per month and is open to staying. This unit uses one single car garage. Both homes have newer roofs. Each unit has separate gas and electric meters, and a shared water meter. The lot includes private yard space and off street parking. The property is located near Fullerton College, Cal State Fullerton, shopping, dining, and public transportation. This is a rare and well-located property offering long term flexibility, income potential, and the charm of Fullerton’s historic residential area. A great opportunity for buyers seeking both utility and value. MUST SEE!!!

Listing Agent

Jin Hong

Premier Realty Brokerage Phone: 714-336-5222 License #01493237 Listed on: 11/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,408 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,804 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Cooling
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 165
  • Assessor Parcel Number 03313308
  • $541 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,500
  • Operating Expense $5,920
  • Net Operating Income $64,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Fullerton Historical Downtown
  • View: No
  • Water Sewer Expenses: 2500.00
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 03313308
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 637.47
  • Room Type: Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Range Hood, Water Heater
  • Heating Type: Electric, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s), Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6408.00
  • Lot Size Acres: 0.1471

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6408.0000 Square Feet
  • Net Operating Income: 64280.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 5920.00
  • Rent Control: No
  • Total Expenses: 5920.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 165
  • TaxOtherAnnualAssessmentAmount: 541.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,573 $385,566 $273,732 $111,834
2024 $4,573 $378,006 $268,364 $109,642
2023 $4,460 $370,595 $263,102 $107,493
2022 $4,424 $363,329 $257,943 $105,386
2021 $4,349 $356,205 $252,885 $103,320
2020 $4,324 $352,553 $250,292 $102,261
2019 $4,218 $345,641 $245,385 $100,256
2018 $4,156 $338,864 $240,573 $98,291
2017 $4,088 $332,220 $235,856 $96,364
2016 $4,005 $325,706 $231,231 $94,475
2015 $3,897 $320,814 $227,758 $93,056
2014 $3,787 $314,530 $223,296 $91,234
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2025 11/30/25 For Sale $1,150,000 -- $637 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Grant Deed $261,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $182,700 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25267975

California Regional Multiple Listing Service (CRMLS)

APN: 033-133-08