4-Unit Apartment
2631 ANDOVER AVE, Fullerton, CA 92831
For Sale
New
Contact for pricing
Four residences include varied bedroom layouts, garage parking, and select private patios.
Property Size4,302 SF
Lot Size0.17 Acres
Price / SF$430.03
Days on Market7
Property Features for 2631 ANDOVER AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
private patios
Building Details
Year Built
Buildings
Construction
Listing Agency:
Matthews
Listed By:
Mark Bridge · License CA #01316702
(949) 681-8388
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,302-square-foot apartment property was built in 1964 and contains four homes: one three-bedroom, two-bath unit, two two-bedroom townhomes with one and a half baths each, and one two-bedroom, one-bath unit. The 7,211-square-foot parcel includes two double-car garages and two single-car garages, all with remote controls. Recent property work includes a roof replacement, a new deck for Unit 4, upgraded central HVAC in Unit 1, and fresh exterior paint. Select homes have patios and interior improvements such as updated kitchens and baths, granite counters, luxury vinyl plank, and ceramic tile flooring.
The property is about half a mile from Cal State Fullerton, with business parks, retail, dining, and entertainment in the surrounding area. Access to the 5, 57, 90, and 91 freeways is noted. Electricity and gas are separately metered, and operating expenses are managed in part through a RUBS program. The listing cites approximately 14% rental upside.
The property is about half a mile from Cal State Fullerton, with business parks, retail, dining, and entertainment in the surrounding area. Access to the 5, 57, 90, and 91 freeways is noted. Electricity and gas are separately metered, and operating expenses are managed in part through a RUBS program. The listing cites approximately 14% rental upside.
Key Highlights
- Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1.5‑bath townhomes, and one 2‑bedroom/1‑bath
- 4,302 square feet on a 7,211‑square‑foot lot
- Two double‑car and two single‑car remote‑controlled garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,836
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,720
$1.6M
Cap Rate 7%
$1,111,943
$1.1M
Cap Rate 9%
$864,844
$864.8K
Market Conditions
NOI Build-Up for 4,302 SF
Gross rent
$116.2K $27.00/SF
− Vacancy
−$5.0K −$1.15/SF
EGI
$111.2K $25.85/SF
− OpEx
−$33.4K −$7.75/SF
NOI
$77.8K $18.09/SF
Area
Fullerton, CA
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,720
Cap Rate 7%
$1,111,943
Cap Rate 9%
$864,844
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.0K – $1.30M
NOI $77,836 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.03M
$898.2K – $1.20M
NOI $71,856 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,835 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 92831, CA
38,953
Population
13,691
Households
2.8
Avg Household Size
31
Median Age
44%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
6,602
Density / Sq Mi
$89,451
Median Household Income
$41,878
Median Earnings
$2,093
Median Rent
$821,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Orange County, CA
Properties on Market for Quadplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences include varied bedroom layouts, garage parking, and select private patios.
Where is this quadplex located?
The property is located at 2631 ANDOVER AVE Fullerton, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1.5‑bath townhomes, and one 2‑bedroom/1‑bath; 4,302 square feet on a 7,211‑square‑foot lot; Two double‑car and two single‑car remote‑controlled garages
