3515 W Commonwealth
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3515 W Commonwealth
1 Unit Apartment Building $998,000 ($998,000/Unit) Fullerton, CA 92833
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.
Property Facts
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 |
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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) |
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3515 W Commonwealth
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