3515 W Commonwealth - Apartments FOR SALE


Fullerton, CA 92833
$998,000 USD
213-703-2300
3515 W Commonwealth, Fullerton, CA for Sale
$998,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

3515 W Commonwealth
Fullerton, CA 92833


HIGHLIGHTS

  • Located on a busy thoroughfare (Commonwealth Ave.).
  • A commercial lot measuring 9,115 square feet, designated as G-C zone.
  • Potential for various business ventures - Ideal for the owner user property.
  • Situated near Fullerton Municipal Airport
  • Traffic congestion and closeness to the 5 and 91 freeways
  • Sufficient backyard area is suitable for the potential development of an accessory dwelling unit (ADU).

OVERVIEW

This commercial-zoned property on Commonwealth Avenue in Fullerton presents a valuable opportunity. Situated near Fullerton Municipal Airport and designated as C-G zone*, the property encompasses a 1,289 sq. ft. single-family residence on a 9,115 sq. ft. commercial lot. It offers potential for various business ventures, including general offices, acupuncture, educational or religious institutions, retail spaces, and art studios, although the buyer must submit a development plan prepared by their architect. The location benefits from heavy traffic and proximity to the 5 and 91 freeways, ensuring convenient access. The existing single family house, which has been recently renovated, comprises three bedrooms and one and a half bathrooms, and there is ample backyard space available for potential ADU development. This presents an excellent chance to establish a foothold in a dynamic community.

FOR SALE DETAILS

PRICE

$998,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

1

PRICE/UNIT

$998,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,528 SF

ZONING

C2

APN/PARCEL ID

030-052-16

ASK ABOUT THIS PROPERTY

Thomas LeePrime Properties & AssociatesMore Info
213-703-2300

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Thomas LeePrime Properties & AssociatesMore Info
213-703-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.