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.
Property Type
Residential IncomeCounty
OrangeStyle
Residential IncomeAD ID
49955223
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1961
- Building Area Total: 6,003
Pool Features
- None
Laundry Features
- Common Area,See Remarks
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2089
- Lot Size Source: Assessor
- Lot Size Square Feet: 9100
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Listing Information
Listing Price Information
- Original List Price: 1,795,000
- Listing Contract Date: 2025-05-27
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 03208304
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 83 - Fullerton
- Postal Code Plus 4: 2142
- Directions: North of Orangethorpe Avenue and East of Euclid Street.
- Zoning: C2
- Source Property Type: Residential Income
- Area: 83 - Fullerton
- Property SubType: Apartment
Building and Construction
- Property Age: 64
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Street
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 06/21/2025 @ 06:07
- MLS: PW25117498
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 6,003 sqft, 9,100 sized lot, and 7 parking. are nearby neighborhoods.