Fullerton Multifamily Properties for Sale

Cal State Fullerton and Fullerton College Drive One of OC's Strongest Rental Markets

The University Effect: Why Fullerton Is One of OC's Top Multifamily Markets

As a local broker, I consistently recommend Fullerton to investors seeking the best combination of rental demand, inventory availability, and value-add opportunity in Orange County. Cal State Fullerton enrolls over 40,000 students and Fullerton College adds another 20,000, creating structural off-campus housing demand that keeps occupancy rates high. The 57 freeway corridor also draws a professional commuter renter base independent of the student population.

Fullerton residential income property for sale

Residential income property in the Fullerton market

The Fullerton downtown arts and entertainment district has become a significant quality-of-life amenity that commands premium rents from young professionals who want walkability. Older multifamily stock throughout the city offers genuine ADU potential and value-add upside that is not always priced in. For investors executing a 1031 Exchange into a high-demand OC market or using FHA financing to house hack near a major university, Fullerton is one of the strongest arguments in the county.

Want to discuss cap rates, zoning, or off-market opportunities in Fullerton? Call or text me directly: 949-430-7500

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Multifamily inventory in Fullerton is often sold via pocket listings before ever hitting the MLS. Off-market access is the difference between finding a deal and watching someone else close it.

Fullerton Multifamily Investment FAQ

How does Cal State Fullerton affect the Fullerton rental market?

Cal State Fullerton is the largest university in the CSU system by enrollment and has no on-campus housing requirement, which means a significant portion of its 40,000-plus students need off-campus housing within reasonable distance. This creates structural rental demand that is largely independent of broader economic cycles. Properties near campus carry a consistent occupancy premium, and student renters often accept smaller or older units that professional renters would pass on, which benefits value-add investors who may not want to fully renovate before renting. Fullerton College adds another layer of demand from the community college population.

What is house hacking and how does it work in Fullerton?

House hacking is the strategy of purchasing a multifamily property, living in one unit, and renting the others to offset your mortgage. In Fullerton, fourplexes are the most common house hacking vehicle because they qualify for owner-occupied FHA financing, which allows lower down payments than conventional investment loans. The rental income from the other three units can significantly reduce or eliminate the owner's housing cost. FHA loan limits for 4-unit properties in Orange County are updated annually. Contact us for the current figure before running your numbers.

Does Fullerton have rent control?

Fullerton does not have local rent control, but California's AB 1482 statewide rent cap applies to most multifamily properties that are more than 15 years old and not single-family homes or condos. AB 1482 limits annual rent increases to 5% plus local CPI, with a maximum of 10%. Properties built within the last 15 years are exempt. Buyers should review current AB 1482 applicability for any specific property with a real estate attorney before closing, as the rules have nuance around exemptions and just cause eviction requirements.

Are Fullerton multifamily properties good for a 1031 exchange?

Yes, for the right buyer profile. Fullerton multifamily offers a combination of rental demand fundamentals and ADU upside that makes it a credible 1031 exchange destination. The key is identifying properties with genuine value-add potential rather than paying a premium for cap rate compression that has already occurred. Working with an agent who has off-market access is essential in this segment, as the best opportunities rarely hit the public MLS.

Fullerton Multi-Family Properties for Sale

$1,295,000
PW26192846 MLS ⋅ Active Status

118 E Truslow, Fullerton
$1,200,000
3 Beds ⋅ 1 Baths ⋅ 26871799 MLS ⋅ Active Status
Commercial Office Building positioned along one of Fullerton's most active commercial corridors, 1457 E Chapman Avenue presents a rare opportunity to own a beautifully renovated standalone professional office building, which is fully vacant, with exceptional street presence, strong daily traffic exposure, and outstanding accessibility. Recently upgraded throughout with new interior paint, new flooring, remodeled bathrooms, and new windows, the property offers a modern and professional environment ideal for an owner-user or boutique investment opportunity. Spanning approximately 1,750 square feet on a 7,236 square foot lot, this single-story office building has been thoughtfully configured for a wide range of professional uses including medical practice, law firm, accounting office, insurance agency, consulting firm, or real estate brokerage. The functional floor plan features a welcoming reception and waiting area, spacious conference room, four private offices, kitchenette, utility/storage space, and two ADA-compliant restrooms, creating an efficient and client-friendly workspace. The property benefits from outstanding visibility along Chapman Avenue with prominent signage exposure, while eight dedicated rear parking spaces with alley access provide convenience for both employees and clients a valuable amenity rarely found in smaller office assets throughout the area. Located in the heart of East Fullerton, the property is surrounded by an established mix of restaurants, cafs, retail, and professional businesses, creating an energetic and highly desirable working environment. Employees and clients are within minutes of popular local destinations including Michelangelo's Pizza, Pita Hot, and Starbucks, along with nearby shopping, coffee spots, and business services. The location also offers immediate access to Downtown Fullerton, Fullerton College, and major transportation routes including the 57 and 91 Freeways, making commuting easy from across Orange County and surrounding markets.Combining turnkey improvements, flexible office configuration, dedicated parking, and premier frontage in a thriving commercial corridor, this is an exceptional opportunity to establish or expand your business in one of North Orange County's most convenient and recognizable office locations. Previous tenant was paying around $8,000 a month rent (month 2 month).

1457 E Chapman Avenue, Fullerton
$1,399,000
PW26175165 MLS ⋅ Active Status

124 N Princeton Avenue, Fullerton
$798,888
OC26175684 MLS ⋅ Active Status
DUPLEX 2 UNITS LOCATED NEAR DOWNTOWN FULLERTON! The downstairs unit is a 2 bed 1 bath with its own private outdoor yard space. The upstairs 1 bed 1 bath is upgraded porcelain floor tiles and modern railing. Step inside and will immediately notice how much natural light comes through the unit with the surrounding upgraded dual pane windows and custom modern roll down shades. Modern laminate wood flooring throughout with recessed lighting. The upgraded kitchen, includes stainless steel appliances with dishwasher, built-in microwave, gas stove, deep stainless open sink with faucet, and quartz countertop Subway titled backsplash with floating shelves. The bathroom has modern floor tiling, recessed lighting, quartz countertop and a beautiful modern shower with a glass door. The bedroom offers windows to let a lot of light and air in, with a wall a/c unit for the room alone. Stacked washer and dryer. Living has a wall mounted AC and Heater unit in living area for energy efficiency. Conveniently located near downtown Fullerton with many restaurants, retail, coffee shops and much more. Less than 5 min drive to the Amtrak Metrolink Station. Short drive to Amerige Plaza, 91 and 5 freeways, Buena Park, Cal State Fullerton and just an overall good central location.

114 Drake Avenue, Fullerton
$1,995,000
PW26166179 MLS ⋅ Active Status
Welcome to 2808 Santiago Road, a Fourplex Investment Opportunity Located in the Highly Desirable Villa Santiago Community of Fullerton. All Four Units are Currently Tenant-Occupied, Offering an Established Income-Producing Property with a Desirable Mix of One 3 Bed/2 Bath Unit and Three 2 Bed/2 Bath Units. Recent Property Improvements Include a New Roof and Newer HVAC and Furnace Systems. Unit A Features Three Bedrooms, Two Bathrooms, Tile Flooring, Dual Payne Windows, Newer HVAC, and a Recently Upgraded Kitchen with White Shaker Cabinetry and Stainless Steel Appliances. Unit B Offers Two Bedrooms, Two Bathrooms, Tile Flooring, Partially Updated Kitchen, Newer HVAC and Furnace, Dual Payne Windows, and a Private Patio with a Vinyl Gate. Unit C Includes Two Bedrooms, Two Bathrooms, Dual Payne Windows, Laminate Flooring, and a Private Balcony. Unit D Features Two Bedrooms, Two Bathrooms, Carpet and Laminate Flooring, Dual Payne Windows, and a Private Outdoor Area. Each Residence Includes a Private Patio or Balcony, Providing Valuable Outdoor Space for Tenants. Enjoy a Short Walk to a Local Coffee Shop, Morningside Plaza Shopping and Restaurants, and Coyote Hills Golf Course. A Short Drive to Multiple Parks, Fullerton Sports Complex, St. Jude Medical Center, Cal State Fullerton, and Brea Mall. Easy Access to the 57/91 Freeways. With All Four Units Currently Occupied, a Desirable Unit Mix, and Major Property Improvements Already Completed, 2808 Santiago Road is a Must See!

2808 Santiago Road, Fullerton
$1,299,000
OC26161667 MLS ⋅ Active Status
Watch the Disneyland fireworks from the front porch at this investment opportunity in the heart of Fullerton! This 6,534 square foot duplex lot features a charming detached early-1900’s Craftsman-style front home with 3 bedrooms and 2 bathrooms, plus a newer 2-bedroom, 2-bathroom unit built above a detached 4-car garage in 2004. The front home has previously been re-piped with the supply and waste lines, and offers approximately 946 square feet. The rear unit offers approximately 994 square feet and features a spacious 35' x 13' private patio above the carport. The property includes a long driveway providing additional off-street parking, and each unit has its own 2-car garage with separate laundry hookups, enhancing convenience and tenant appeal. Located on a tree-lined street near Maple Elementary School, Fullerton High School, and Fullerton College. Just minutes from the Fullerton Transportation Center, with easy access to the 91 and 57 Freeways, as well as downtown Fullerton's restaurants, shopping, and entertainment. An outstanding opportunity for investors or owner-occupants seeking rental income and long-term appreciation in a highly desirable Fullerton location. Both units are tenant occupied on month-to-month leases. Check with City of Fullerton for additional ADU option with conversion of rear garage spaces.

110 S Cornell, Fullerton
$1,499,000
PW26144190 MLS ⋅ Active Status
Exceptional investment opportunity in the heart of Orange County! This well-maintained four-unit income-producing property offers immediate cash flow with outstanding long-term upside. Ideally situated in a highly desirable rental market, this rare multifamily asset features four fully leased units with strong rental demand and significant value-add potential. Positioned on an oversized lot, the property offers the opportunity to add two additional units (buyer to verify with the appropriate city and local agencies), creating the potential to substantially increase rental income and overall property value. Whether you're an experienced investor looking to expand your portfolio or an owner seeking a prime redevelopment opportunity, this property checks every box. Located just minutes from major employment centers, shopping, dining, entertainment, beaches, and convenient freeway access, tenants enjoy everything Orange County has to offer. The central location continues to attract high-quality renters, making vacancy rates consistently low and future appreciation highly attractive. Opportunities like this are increasingly rare—a stable income-producing asset with immediate cash flow, future development potential, and a premier Orange County location. Don't miss your chance to own a versatile investment with exceptional upside in one of Southern California's most sought-after markets.

1600 Picadilly, Fullerton
$1,475,000
OC26133079 MLS ⋅ Active Under Contract Status
Fell Out of Escrow – Their Loss, Your Gain! --- GREAT INVESTMENT OPPORTUNITY! Strong Rents, Stable Tenants & Priced to Sell! Rare opportunity to acquire a well-maintained 4-unit apartment property in the heart of Fullerton, one of Orange County's most desirable and high-demand rental markets. This single-story multifamily asset consists of four 2-bedroom, 1-bathroom units and is 100% occupied by long-term tenants with a strong history of on-time rent payments, providing immediate and reliable cash flow. The property currently generates approximately $9,060 per month in rental income, with potential for future rent growth. Each unit offers a functional floor plan, dual-pane windows, private patio space, and is individually metered for gas and electricity. Owner expenses are limited, with tenants responsible for their own gas and electric service, while ownership pays water, trash, and common area utilities. Recent capital improvements include exterior painting, exterior wood repair and treatment, and replacement of exterior windows and sliding glass doors, enhancing both curb appeal and long-term value. Additional amenities include an on-site coin-operated laundry facility and three detached two-car garages providing a total of six parking spaces. Ideally located near the 57 and 91 freeways, Cal State Fullerton, public transportation, shopping, dining, and entertainment, this property benefits from strong rental demand and low vacancy rates. Perfect for investors seeking a turnkey income property or buyers completing a 1031 exchange.

3160 Garnet, Fullerton
$1,599,000
PW26108958 MLS ⋅ Active Under Contract Status
Significant Price Improvement - 4.95 in place cap rate/ 5.37 market rent cap rate!!!! Real Investor Cash Flow 6 Units. We are proud to present the Valencia Apartments - a prime investment opportunity in Fullerton, CA! This multifamily garden style complex offers a 3,652 SF building with 6 well-maintained units (see complete list of capital improvements in expense section), each separately metered for gas and electric, and with RUBS in place, providing for low landlord operating expenses. There is also exceptional ADU possibilities with garage conversion, or new ADU over the garage, or ADU ground up - buyer to consult with the City for options. The subject property also includes a common laundry room for additional landlord income and 6 enclosed garage spaces. The Valencia Apartments are ideally situated near major transportation hubs, freeways and within close proximity to universities and colleges, providing exceptional access to freeways and employment centers. The subject property presents an excellent, stable investment opportunity for the savvy multifamily investor. **See attached marketing brochure in supplements**

1300 W Valencia, Fullerton
$1,449,900
OC26099965 MLS ⋅ Active Status
Centrally located single-story fourplex in the desirable City of Fullerton. Built in 1954, this well-maintained investment property sits on a spacious 12,201 sq. ft. lot and offers an excellent unit mix consisting of one 3-bedroom, 1-bath unit and three 2-bedroom, 1-bath units. Each unit features dual-pane windows, its own washer/dryer hookups inside, a private backyard, a one-car garage, and an additional dedicated parking space, providing convenience and privacy. Ideally situated just half a mile from Valencia Park Elementary School and Buena Park High School, the property also offers easy access to the 5 and 91 Freeways, making daily commuting simple and convenient. Residents will enjoy being just minutes from grocery stores, shopping centers, dining, and the popular Porto’s Bakery. This is a fantastic opportunity to own a centrally located multi-unit property in a strong rental market.

4032 W Valencia Drive, Fullerton
$1,275,000
SB26081408 MLS ⋅ Active Under Contract Status
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.

912 E Commonwealth, Fullerton
$1,499,000
PW26057459 MLS ⋅ Active Under Contract Status
Trophy neighborhood in the quiet area of Fullerton known as Golden Hills. Legally Three units There are two other unpermitted units. One unit recently upgraded (see photos) Projected rents see below. Lot is over 9100 sq ft. 3 separate garages and 3 parking spaces plus one tandem parking area equals 4 outside parking off the alley. Community laundry room and good sized back yard accessed by 3 units. It could be developed to allow for private patios giving it a plus value for future rents. Roof, stucco and wood siding and front landscaping in good condition. Some windows are newer. Very close to all that Fullerton has to offer. Downtown Fullerton is vibrant with businesses, restaurants, pubs and social life. Close to Cal State Fullerton Collage, Commuter Train and Freeways. Room for possibly up to two ADU units on garages. Owner May Carry Note 25% down at 7% amortized over 30 due in 5 Subject to cacellation of current escrow.

735 Barris, Fullerton
$2,145,000
OC25276298 MLS ⋅ Active Status
705 East Santa Fe Avenue, a fully renovated five-unit multifamily property in Fullerton, California. The asset combines a desirable mix of larger floor plans with extensive 2025 upgrades, offering investors a turnkey opportunity in a high-demand North Orange County market. The property offers a 5.72% cap rate on current rents, providing immediate, in-place cash flow. The community features three 2-bed/1-bath units, one 3-bed/1-bath unit, and one 4-bed/1-bath unit—layouts well-suited for families and long-term renters. All units underwent a comprehensive renovation in 2025, and all units benefit from updated finishes, modern ceiling fans, and numerous contemporary improvements. The property provides six garage spaces, a competitive advantage in this submarket. Furthermore, the property was repiped with copper plumbing in 2019, further reducing near-term capital expenditure risk. All units received full renovations, with upgrades including new vinyl flooring throughout, tile bathroom flooring, quartz countertops, shaker-style cabinets, all-in-one washer/dryers, stainless steel appliances, tile backsplashes, modern lighting and fixtures, and refinished bathrooms with new vanities. The renovated four-bedroom unit features new vinyl flooring, shaker-style cabinets, stainless steel appliances, and a granite countertop, along with a private laundry room created from the former community laundry area. Most windows throughout the property have been upgraded to dual-pane. 705 East Santa Fe Avenue is centrally located within one mile of several major Fullerton demand drivers, including Downtown Fullerton, the Fullerton Transportation Center, Fullerton Union High School, and Fullerton College. Residents also enjoy proximity to three major shopping centers at Harbor Boulevard and Orangethorpe Avenue (Fullerton Metrocenter, Orangefair Marketplace, and Fullerton Town Center). California State University, Fullerton lies just over 1.5 miles away, enhancing long-term renter demand.

705 E Santa Fe Avenue, Fullerton
$6,090,000
PW25249977 MLS ⋅ Active Status
Stanford Apartments is an 18-unit apartment community located in a high demand area of Fullerton. This 2 story gated complex features 18 - 1 bed/1 bath apartments each with its own enclosed single car garage as well as 9 additional garages which provide additional revenue. Amenities include two on-site coined laundry rooms, on-site pool, grass areas, driveway parking and an additional parking pad. Recent improvements include new exterior paint, new exterior lighting and new electrical panels. Most of the units have been remodeled with laminate or LVP flooring, new ceiling fans and lights, new stoves, new A/C units, new paint and window coverings. Six of the units offer a private fenced yard and three of the units have a private balcony. This turn-key property has been diligently maintained by the same family since it was custom built in 1973 and offers steady rental income with long-term tenants and low maintenance ownership perfect for investors seeking cash flow and value-add potential in a high demand area. Situated at the end of a quiet cul-de-sac and conveniently located close to Downtown Fullerton, Fullerton College, Fullerton Train Station, Cal State Fullerton and the 91 and 57 freeways.

111 N Stanford Avenue, Fullerton
$5,800,000
OC25238616 MLS ⋅ Active Status
We are pleased to offer 134 S Pritchard Ave, located in Fullerton, CA. This offering allows an investor to acquire a well-located, recently renovated, turnkey investment with immense building and curb appeal next to Valencia Park Elementary School, Buena Park High School, Sunny Hills High School, Los Coyotes Country Club, the Source OC Shopping Mall, Beach Blvd, the 5 Freeway and 91 Freeway Interchange. Built in 1954, the property had a major interior and exterior renovation in 2022. The complex has a great unit mix of fifteen two-bed one-bath units, one three-bed one-bath unit, and a non-conforming one-bed one-bath unit. The Non-Conforming Unit is In Process of becoming Conforming. The property is a two-story garden-style walk-up with a center courtyard surrounding a gated swimming pool. There is an on-site laundry room and covered parking for the tenants. Each unit is separately metered for gas and electricity. Each of the units has had recent interior renovations ranging from new flooring, new quartz counter tops and refaced cabinets, new lighting, new kitchen and bathroom sinks, new bathroom vanities, new stovetop ovens and hoods, and new paint. The exterior also had a recent significant renovation completed, including new stucco and paint, new front gate, new landscaping, newly paved parking lot, some new fencing and paint, new wall air conditioning, and new double pane vinyl windows. The complex is conveniently located just 2 miles from Knott’s Berry Farm, Knott’s Soak City, Medieval Times, Pirates Adventure, Portillo’s Bakery, and the Buena Park entertainment zone. The property is also less than a mile from many major retail centers and employment opportunities.

134 S Pritchard Avenue, Fullerton
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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.