Triplex with Three
For Sale
$1,499,000
Pending
735 Barris, Fullerton, CA 92832
Includes a shared laundry room, rear yard, and multiple parking areas serving the residential configuration.
Property Size2,350 SF
Days on Market200
Property Features for 735 Barris
General Information
Standard status
Pending
Size
2,350 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
5
Amenities
community laundry room
back yard
Building Details
Building Size
2,350 SF
Year Built
1951
Listing Agency:
Reel Properties 562-715-3905 Overview Additional information MLS R ID PW26057459 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.21 Acres Other property details Garage Yes 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Susan Boyle CA DRE# 01056722 with Reel Properties 562-715-3905
Listed By:
Susan Boyle CA DRE# 01056722 · License #01056722
(552) 715-3905
Source:
Archetyperealty
Added: Mar 16
Changed: Sep 26
Last Checked: Sep 30 at 4:18PM
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 Reel Properties 562-715-3905 Overview Additional information MLS R ID PW26057459 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.21 Acres Other property details Garage Yes 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Susan Boyle CA DRE# 01056722 with Reel Properties 562-715-3905
Investment Insights
Based on property information with market context.
This Fullerton multifamily property contains three legally established units plus two additional unpermitted units. The improvements include three separate garages, three parking spaces, one tandem parking area, and a community laundry room. A rear yard is accessible from all three units, with room described for potential private patios. One unit has been recently upgraded, while the roof, stucco, wood siding, and front landscaping are in good condition; some windows have also been replaced.
The property sits on a lot exceeding 9,100 square feet in Fullerton’s Golden Hills area. Downtown Fullerton, Cal State Fullerton, commuter rail service, and nearby freeways are all described as close by. The garages may also offer room for up to two ADU units, subject to applicable approvals.
The property sits on a lot exceeding 9,100 square feet in Fullerton’s Golden Hills area. Downtown Fullerton, Cal State Fullerton, commuter rail service, and nearby freeways are all described as close by. The garages may also offer room for up to two ADU units, subject to applicable approvals.
Key Highlights
- Three legally established units plus two unpermitted units
- Lot exceeds 9,100 square feet
- Three separate garages, 3 parking spaces, and 1 tandem parking area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,518
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,360
$850.4K
Cap Rate 7%
$607,400
$607.4K
Cap Rate 9%
$472,422
$472.4K
Market Conditions
NOI Build-Up for 2,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.5K $27.00/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$60.7K $25.85/SF
− OpEx
−$18.2K −$7.75/SF
NOI
$42.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$850,360
Cap Rate 7%
$607,400
Cap Rate 9%
$472,422
Alternative Uses
Best Use
Multifamily LT 5
$607.4K
$531.5K – $708.6K
NOI $42,518 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$560.7K
$490.7K – $654.2K
NOI $39,252 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$755.7K
$661.2K – $881.6K
NOI $52,897 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 92832, CA
26,277
Population
9,170
Households
2.9
Avg Household Size
35
Median Age
32%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
9,061
Density / Sq Mi
$92,588
Median Household Income
$42,634
Median Earnings
$2,027
Median Rent
$773,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Includes a shared laundry room, rear yard, and multiple parking areas serving the residential configuration.
Where is this triplex located?
The property is located at 735 Barris Fullerton, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three legally established units plus two unpermitted units; Lot exceeds 9,100 square feet; Three separate garages, 3 parking spaces, and 1 tandem parking area
