524 Williamson Avenue, Fullerton, CA 92832

List Price
$1,795,000
Status
PENDING
MLS#
PW25117498
Year Built
1961
Lot Size
9,100
Acres
0.21
Days on Market
5
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Other

Property Description

Pleased 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.

Additional Information

Pool Description
None
Garage Spaces Total
7
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$69,552
Operating Expense
42098

Listing courtesy of Listing Agent: Paul Espinosa (paul@morganskenderian.com) from Listing Office: Morgan Skenderian.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.