Seller's Agent in 2025
Paul Espinosa
Morgan Skenderian
(714) 206-2688
1 in this area
36 Total Sales
524 Williamson Ave Fullerton, CA 92832
Downtown Fullerton Neighborhood
3
Beds
2
Baths
6,003
Sq Ft
9,100
Sq Ft Lot
Highlights
- No HOA
- Park
- Bike Trail
- Golden Hill Elementary School Rated A-
- Laundry Room
About This Home
As of September 2025Pleased to present 524 Williamson Avenue, a 7-unit investment opportunity located in Fullerton. This property was built in 1961 and is being offered for the first time in over three decades. With 6 out of the 7 units configured as spacious two-bedroom layouts, the property offers an excellent unit mix ideal for long-term growth and strong tenant demand. The property underwent a complete re-pipe in 2016 with durable and efficient PEX piping as well as a full roof replacement in 2025 (excluding the garages), significantly reducing future maintenance concerns. An onsite laundry facility, though currently unused, offers the opportunity for additional income. Select units feature private yards and ceiling fans, enhancing tenant comfort, while the property also includes garages and onsite parking spaces, a desirable amenity in the area.
Currently listed at just $256,429 per unit and under $300 per square foot, this asset represents a compelling value play with over 196% upside in rental income, providing a clear path for substantial value-add potential. This is a rare chance to acquire a legacy asset in a strong rental market, with attractive fundamentals and outstanding potential for repositioning and long-term returns.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01942627 Listed on: 05/27/2025
Co-Listed By
Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01273871
Last Buyer's Agent
Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01273871
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Lot Details
- 9,100 Sq Ft Lot
- No Common Walls
Parking
- 2 Open Parking Spaces
- 7 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,003 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 225
- Assessor Parcel Number 03208304
- $1,867 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 7 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- Rent Control
- 6 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $192
- Fuel Expense $961
- Gardener Expense $900
- Insurance Expense $6,003
- Maintenance Expense $4,047
- Trash Expense $5,491
- Water Sewer Expense $3,041
- New Taxes Expense $21,011
- Operating Expense $42,098
- Gross Income $69,552
- Net Operating Income $25,367
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2025 09/24/25 | Sold | $1,910,000 | +6.4% | $318 / Sq Ft |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $1,795,000 | -- | $299 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,449 | $725,041 | $470,320 | $254,721 |
| 2024 | $9,449 | $710,825 | $461,098 | $249,727 |
| 2023 | $9,207 | $696,888 | $452,057 | $244,831 |
| 2022 | $9,114 | $683,224 | $443,193 | $240,031 |
| 2021 | $8,963 | $669,828 | $434,503 | $235,325 |
| 2020 | $8,906 | $662,960 | $430,047 | $232,913 |
| 2019 | $8,708 | $649,961 | $421,614 | $228,347 |
| 2018 | $8,581 | $637,217 | $413,347 | $223,870 |
| 2017 | $8,443 | $624,723 | $405,242 | $219,481 |
| 2016 | $8,279 | $612,474 | $397,296 | $215,178 |
| 2015 | $8,063 | $603,275 | $391,329 | $211,946 |
| 2014 | $7,840 | $591,458 | $383,663 | $207,795 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Espinosa
-
Rick Applebaum
Seller Co-Listing Agent in 2025
Rick Applebaum
Morgan Skenderian
(949) 251-8800
1 in this area
67 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25117498
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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