116 -114 N Cornell
Fullerton, CA, 92831 $ 2,100,000
Baths1.0 Sq 3,217 Monthly Estimate*
$ 13,260
Listed by Pinnacle Real Estate Group
Studio for $2,100,000 with 1 full bath. This 3,217 square foot home was built in 1922 on a lot size of 0.1435.
Wow – what an incredible opportunity to invest or house-hack in the heart of desirable Downtown Fullerton! This exceptional four-unit property features individually metered electricity, separate addresses and private laundry for each unit for each unit, offering added convenience for owners and investors. The beautifully remodeled 3-bedroom, 2-bathroom main house (116 N Cornell) is tucked away at the rear of the property with direct access to a quiet alley, offering privacy and convenience. Adjacent to the main house, the original two-story garage building (114 N Cornell) includes a charming 225 sq. ft. studio apartment upstairs, complete with a kitchenette and full bathroom. At the front of the property sits a brand-new duplex (114A & 114B N Cornell), completed in July 2026, featuring two spacious 3-bedroom, 2-bathroom units—one upstairs and one downstairs—each offering just under 1,000 sq. ft. of living space. Both units come equipped with fully paid-off solar systems, providing energy efficiency, lower electricity costs, and long-term value. All four units showcase high-end finishes, including luxury vinyl plank flooring, soaring ceilings, and energy-efficient ductless mini-split systems throughout. The modern kitchens feature quartz countertops, stainless steel appliances, and ceiling-height Shaker cabinetry. Bathrooms are beautifully appointed with designer vanities, custom tilework, and frameless glass shower doors. Outdoor spaces are equally inviting. The main house offers a private patio, while the newly constructed duplex features a charming front yard enclosed by a classic white picket fence. Location is everything! Situated in the heart of Downtown Fullerton, you'll enjoy walking distance to popular restaurants, coffee shops, boutiques, and entertainment along Commonwealth Avenue. The property is near award-winning Troy High School, as well as Fullerton College, Cal State Fullerton, and the Fullerton Transportation Center. Downtown Anaheim, Angel Stadium, and Disneyland are all nearby. Whether you're looking to live in one unit while generating rental income from the others, expand your investment portfolio with immediate cash flow, or accommodate a large or multigenerational family, this versatile property checks every box. Four-unit properties like this are rare—don't miss this exceptional opportunity!
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FeaturesGeneralSewer Public Sewer
Heating Zoned
Cooling Zoned
Utilities Electricity Available Electricity Connected Sewer Available Sewer Connected Water Available Water Connected
Appliances Electric Oven
HOA Fee 0
Garage Spaces 0
Architectural Style Colonial
Pool Features None
Year Built 1922
View Neighborhood
Levels Multi/Split
Property Subtype Single Family Residence
Gross Income 152400
Community Features Urban
County Orange
Net Operating Income 152400
Operating Expense 11139
Insurance Expense 4539
New Construction false
Property Type Residential Income
HOA false
Subdivision Name N/A
Garage Y/N false
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions N Cornell Ave & E Commonwealth Ave
City Fullerton
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 8
Number Of Units Total 4
MLS Area 83 - Fullerton
Lot Size Units Square Feet
Lot Size Square Feet 6250
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 600
Water Sewer Expense 5400
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://drive.google.com/file/d/1cbPo12X8rS2v3tFBJTcr-YNHl4aW007n/view?usp=drive_link
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 20
Property Sub Type Additional Single Family Residence
Cap Rate 4.7
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InteriorInterior Amenities All Bedrooms Down
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Inside Stacked
Entry Level 1
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ExteriorFencing Wood
Parking Features Driveway
Lot Features 2-5 Units/Acre Yard
Water Source Public
Total Parking 8
Lot Size Area 6250
Foundation Details Raised
Number of Buildings 3
Spa false
Building Area Total 3217
Lot Size Acres 0.1435
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 0
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByPinnacle Real Estate GroupBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,260
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Fullerton, CA
Average List Price $2,567,908
Percent of Sale Price 22%
About Fullerton, CA 139,502 Population
11% Since 2002
$ 70,499 Median Income
36.61 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/21/2026 | $2,100,000 | | Listed Price |