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3515 W Commonwealth

1 Unit Block of Flats £780,885 (£780,885/Unit) Fullerton, CA 92833

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Investment Highlights

Located on a busy thoroughfare (Commonwealth Ave.).
Potential for various business ventures - Ideal for the owner user property.
Traffic congestion and closeness to the 5 and 91 freeways

A commercial lot measuring 9,115 square feet, designated as G-C zone.
Situated near Fullerton Municipal Airport
Sufficient backyard area is suitable for the potential development of an accessory dwelling unit (ADU).

Executive Summary

This commercial-zoned property on Commonwealth Avenue in Fullerton presents a valuable opportunity. Situated near Fullerton Municipal Airport and designated as C-G zone*, the property encompasses a 1,289 sq. ft. single-family residence on a 9,115 sq. ft. commercial lot. It offers potential for various business ventures, including general offices, acupuncture, educational or religious institutions, retail spaces, and art studios, although the buyer must submit a development plan prepared by their architect. The location benefits from heavy traffic and proximity to the 5 and 91 freeways, ensuring convenient access. The existing single family house, which has been recently renovated, comprises three bedrooms and one and a half bathrooms, and there is ample backyard space available for potential ADU development. This presents an excellent chance to establish a foothold in a dynamic community.

General C zoning use code

Property Facts

Price	£780,885	Building Class	C
Price Per Unit	£780,885	Lot Size	0.20 AC
Sale Type	Investment	Building Size	1,949 SF
Sale Conditions	1031 Exchange	Number of Floors	1
No. Units	1	Year Built/Renovated	1949/2023
Property Type	Residential	Parking Ratio	3.08/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Single Family Home

Price	£780,885
Price Per Unit	£780,885
Sale Type	Investment
Sale Conditions	1031 Exchange
No. Units	1
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Apartment Style	Single Family Home
Building Class	C
Lot Size	0.20 AC
Building Size	1,949 SF
Number of Floors	1
Year Built/Renovated	1949/2023
Parking Ratio	3.08/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning

Kitchen

Refrigerator

Tub/Shower

Site Amenities

Walk-Up

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
3+1.5	1	-	1,289

zoning

Zoning Code	C2 (C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses)
C2 (C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses)