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215 E Ash Ave1 / 18 · Click to zoom

About this home

Rare Income & Value-Add REDEVELOPMENT Opportunity in the Heart of Fullerton. Located next to the MAPLE ELEMENTARY SCHOOL, this unique residential R3-zoned property offers exceptional upside potential with three (3) separate structures and three (3) individual utility meters. This property is a rare find in today s market. Ideal for investors, owner-users, or buyers seeking long-term income growth, this property presents a compelling opportunity to create a multi-income residential asset. The property features a front single-family residence with 2 bedrooms and 1 full bathroom, approximately 1078 sq ft (approx), plus two additional detached structures located in the backyard, each with separate utility meters. With proper buyer due diligence, the layout and infrastructure provide strong potential for conversion into a 3-unit rental configuration. Situated in a high-demand rental area, the property is adjacent to an elementary school and conveniently located near Downtown Fullerton, Fullerton College, Cal State Fullerton, and is within quick access to the 91 and 57 freeways. The generous yard area between the main house and rear structures offers additional flexibility for outdoor living, parking, or future enhancements. Just imagine the REDEVELOPMENT OPPORTUNITIES to own a property with built-in infrastructure for multiple income streams in one of Fullerton s most desirable and centrally located neighborhoods.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
📋 Assessed value$59,857
💵 Annual tax$1,211
🏫 School districtFullerton Joint Union High School District

MLS #PW26104821MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Down payment %
Interest rate %
Loan term (yrs)
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Estimated total monthly payment
$5,638
Principal & interest$4,551
Property tax$825
Home insurance$263
Down payment: $180,000Loan: $720,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.