$800,000
SOLD MAR 5, 2025

1318 W Commonwealth Ave Fullerton, CA 92833

2 Beds
2 Baths
1,300 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$615 Per Sq Ft

6% Below List Price

56 Days on Market

About This Home

As of March 2025

Unique Opportunity in Prime Fullerton Location! Welcome to 1318 W Commonwealth, a versatile 2-story duplex located in the heart of Fullerton's general commercial zone. This exceptional property offers the perfect blend of residential and commercial possibilities, providing an unbeatable opportunity for investors, business owners, and tenants alike. Fresh Updates Throughout! Recent updates have enhanced the property's charm and functionality, making it an attractive option for a variety of uses. The interior boasts newer flooring and updated fixtures creating an inviting atmosphere and the exterior has been freshly painted. Endless Possibilities - With its general commercial zoning, this duplex offers flexibility for various applications: - Rent to residential tenants seeking a convenient, urban lifestyle - Lease to businesses looking for a prime location, such as offices, retail shops, or services - Utilize as a live-work space, combining residential and commercial uses. Situated in the vibrant city of Fullerton, this property benefits from - Easy access to major highways and public transportation - Proximity to Downtown Fullerton's shops, restaurants, and entertainment - Close proximity to California State University, Fullerton. Key Features - 2-story duplex with ~1300 sq ft of living/working space - 2 bedrooms and 2 bathrooms – bottom unit has indoor laundry room - general commercial zoning (GC) - fresh updates throughout - prime location in Fullerton's urban core. Don't miss this exceptional opportunity to own a versatile property in a thriving city.

Last Agent to Sell the Property

Richard Buckisch

Exp Realty of California Inc. Brokerage Phone: 626-945-9545 License #01756276 Listed on: 11/22/2024

Exp Realty of California  Inc.

Last Buyer's Agent

Rick Violett

Investment Brokers O.C. License #00490471

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,300 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 577
  • Assessor Parcel Number 03114102
  • $528 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Fullerton Heights Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 424500
  • Property Attached: Yes
  • Subdivision Name Other: Fullerton Heights (FULH)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 03114102
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 615.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Lot Size Area: 5663.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 577
  • TaxOtherAnnualAssessmentAmount: 528.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $800,000 -5.8% $615 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
11/22/2024 11/22/24 For Sale $849,000 -- $653 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24238966

California Regional Multiple Listing Service (CRMLS)

APN: 031-141-02