www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31413938
31413939

2024 E Commonwealth Ave, Fullerton, CA 92831

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group
$1,899,000
66 days on market
Updated 66 days ago

East Commonwealth Apartments

Details
APN 269-011-11
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,298
Units 4
Cap Rate 4.91%
NOI $93,151
Price per SqFt $576
Broker Co-Op Yes
Class C
Year Built 1960
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 8,025
Parking Spaces 5 spaces
Parking Per SqFt 1.52
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Multifamily | 4 Units | $474,750/unit

Marketing description

Presenting 2024 E Commonwealth Avenue, a single-story turnkey 4-unit multifamily investment property located in Fullerton, CA. The subject property features an extremely attractive unit mix for potential residents comprised of (3) two-bedroom/one-bathroom units (835 sq ft each) and (1) oversized one-bedroom/one-bathroom unit (793 sq ft). 2024 E Commonwealth Avenue also provides residents with amenities such as (4) garage parking spaces, private patios, and in-unit all-in-one washer/dryer combos.

2024 E Commonwealth Ave benefits from its desirable central location being located nearby California State University Fullerton, Fullerton College, Downtown Fullerton, and next door to Commonwealth Elementary School providing residents an amazing living environment due to its proximity to entertainment, schools, shopping, and dining.

Current ownership has also substantially renovated the property. All 4-units were fully renovated in 2025 with laminate flooring, all-in-one washer/dryer combos, dual-pane windows, shaker style cabinets, quartz countertops, and new appliances. The subject property also benefits from new paint and updated electrical panels. Taking into consideration, the subject property’s phenomenal location, single-story construction, and recent upgrades, 2024 E Commonwealth Avenue provides a subsequent owner a rare opportunity to acquire a fully repositioned asset in one of Orange County’s premier rental markets.

Investment highlights

Turnkey Single-Story Asset Completely Renovated In 2025

Desirable Unit Mix Of (3) Two-Bedroom/One-Bathroom Units And (1) One-Bedroom/One-Bathroom Unit

Located In The High Demand Rental Market Of Fullerton

Single-Story Construction Exempt From SB-721

Residents Enjoy Amenities Such As Garage Parking, In-Unit Washer/Dryers, And Private Patios

Convenient Access to SR-91 And SR-57 Freeways Providing Residents Ease Of Transportation

Amazing Central Location With Proximity To California State University Fullerton, Fullerton College, Downtown Fullerton, And Walking Distance To Commonwealth Elementary School

Listing Contacts

JK
CA 01939655
Kirklen Investment Group
Listed by Kirklen Investment Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,151.00
$7,762.58/mo

Valuation Metrics

0
DSCR
4.91%
Cap Rate
4.91%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591