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912 E Commonwealth Ave 3 Unit Apartment Building $1,275,000 ($425,000/Unit) 3.61% Cap Rate Fullerton, CA 92831
Executive Summary
Perfect move-in ready house plus 2 ADUs in an excellent Fullerton location. Detached 2 bed, 1 bath SFR completely remodeled in 2021 with new kitchen, bathroom, windows, finishes, AC, laundry, and overhead lighting. Two new 2 bed, 1 bath ADUs in rear built in 2022 , also with modern finishes, open concept floor plans, AC and in-unit laundry. Parking lot for 4 cars off street. Separately metered for gas and electricity plus solar panels on ADUs. In-place rent from ADUs can nearly cover your mortgage at $2300 each. Turnkey, low maintenance property perfect for a start investment property. Excellent Fullerton location only minutes away from Downtown, Fullerton College, and Chapman University. Outdoor amenities nearby in the Fullerton Arboretum, Craig Regional Park, Fullerton Sports Complex, and numerous golf courses. Convenient transit access located only minutes away from the 91 and 57 freeways. Very walkable location with a walk score of 80.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,300
|
$37.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,215
|
$1.87
|
| Effective Gross Income |
$80,085
|
$35.59
|
| Taxes |
$15,938
|
$7.08
|
| Operating Expenses |
$18,173
|
$8.08
|
| Total Expenses |
$34,111
|
$15.16
|
| Net Operating Income |
$45,974
|
$20.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $84,300 |
| Annual Per SF | $37.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,215 |
| Annual Per SF | $1.87 |
| Effective Gross Income | |
|---|---|
| Annual | $80,085 |
| Annual Per SF | $35.59 |
| Taxes | |
|---|---|
| Annual | $15,938 |
| Annual Per SF | $7.08 |
| Operating Expenses | |
|---|---|
| Annual | $18,173 |
| Annual Per SF | $8.08 |
| Total Expenses | |
|---|---|
| Annual | $34,111 |
| Annual Per SF | $15.16 |
| Net Operating Income | |
|---|---|
| Annual | $45,974 |
| Annual Per SF | $20.43 |
Property Facts
| Price | $1,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 3.61% | Building Size | 2,250 SF |
| Gross Rent Multiplier | 15.1 | Average Occupancy | 66% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2022/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Price | $1,275,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 3.61% |
| Gross Rent Multiplier | 15.1 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,250 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 2022/2023 |
| Parking Ratio | 1.78/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,383 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 033-182-03 | Total Assessment | $840,302 |
| Land Assessment | $535,615 | Annual Taxes | $15,938 ($7.08/SF) |
| Improvements Assessment | $304,687 | Tax Year | 2025 |
Property Taxes
Parcel Number
033-182-03
Land Assessment
$535,615
Improvements Assessment
$304,687
Total Assessment
$840,302
Annual Taxes
$15,938 ($7.08/SF)
Tax Year
2025
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912 E Commonwealth Ave
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