1116 West Ave — Sale in Fullerton, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fullerton, CA 92833

Photos

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Investment Figures

Cap rate
4.49%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 1116 West Avenue, a 10-unit multifamily property located in Fullerton, California. Built in 1955, the property consists of approximately 5,733 rentable square feet situated on a 0.35-acre lot. The balanced unit mix includes five two-bedroom/one-bathroom units and five one-bedroom/one-bathroom units, appealing to a broad renter base. The property also offers 10 single-car garages and an on-site laundry facility. Ownership has completed varying levels of interior improvements throughout the property. Units B, H, and J have been fully renovated, while Units A and F have been partially renovated. Additional upgrades include two dual-pane windows in Unit A, a re-enameled sink in Unit C, and a new ceiling fan in Unit E. With several units already improved and others retaining further renovation potential, a prospective buyer may have an opportunity to continue interior upgrades over time and further enhance the property's rental profile, subject to market conditions and applicable regulations. Ownership has also completed a broad range of capital and property improvements since 2021. These include privacy walls at the two-bedroom units, a new main drain cleanout, insulation in ceilings throughout all 10 units, a four-camera security system, new concrete and paving improvements behind the garages and laundry area, and SB 721 work completed in 2025. Three water heaters have been replaced and equipped with earthquake straps, while single-handle shower faucets have been installed throughout the property with the exception of Unit K. The laundry room has also received upgrades, including a new door, outlets, and switches. Situated in an established Fullerton residential neighborhood, 1116 West Avenue is surrounded primarily by single-family housing while remaining convenient to the area's major retail, recreational, and transportation amenities. Harbor Boulevard and Euclid Street provide nearby access to grocery-anchored shopping center

Market Context

This multifamily in Fullerton, CA is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Fullerton, CA — view the full market.

As of Q1 2026, the Orange County multifamily market showed average asking rents near $2848.00/unit/mo, and rents up 1.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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