149 E Union Ave — Sale in Fullerton, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fullerton, CA 92832

Photos

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Investment Figures

Cap rate
4.66%

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, as the exclusive listing agent, is pleased to present 149 East Union Avenue, a 7-unit multifamily investment opportunity located in Fullerton, California. Built in 1962, the property comprises approximately 5,247 square feet of rentable space on a 0.23-acre lot and features a unit mix of 4 one-bedroom/one-bathroom units and 3 two-bedroom/ one-bathroom units. On-site parking includes 3 garage spaces and 8 carport/tuck-under spaces, providing a total of 11 parking spaces for the 7-unit property. Ownership has completed a substantial renovation program throughout the property, including updated unit interiors. Renovated units feature new lighting, including recessed lighting in select areas, updated kitchens with white shaker-style cabinetry, modern countertops, stainless-steel appliances, and contemporary fixtures. Bathrooms have also been remodeled with updated vanities, fixtures, and finishes, while additional interior improvements include newer vinyl plank flooring and carpet, updated wall texture, and fresh paint. The property has also undergone extensive exterior improvements, including replacement windows, copper plumbing completed in recent years, a full restucco and repaint in 2022, and updated landscaping throughout the property. With all 7 units benefiting from interior upgrades alongside extensive exterior improvements, 149 East Union Avenue presents a desirable renovated multifamily opportunity in Fullerton. Investment Highlights: • Property Overview: 7-unit multifamily investment opportunity located at 149 East Union Avenue, Fullerton, CA. • Building Specs: 5,247 sq. ft. of rentable space on a 0.23-acre lot (Built in 1962). • Desirable Unit Mix: Features (4) 1-bed/1-bath units and (3) 2-bed/1-bath units. • Ample Parking: 11 total spaces on-site (3 garage spaces and 8 carport/tuck-under spaces). • Turnkey Unit Interiors: 100% renovated units featuring white shaker-style cabinetry, modern countertops, stainless-steel appliances, updated

Market Context

This multifamily in Fullerton, CA is listed for sale. It is offered at an approximate 4.7% 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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