3801 Franklin Avenue
Fullerton, CA 92833
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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The subject property is a ±16,439 SF infill parcel of land located at 3801 Franklin Ave in the very desirable north Orange County city of Fullerton. The site is rectangular in shape with flat terrain and approximately 86.5’ of frontage on Franklin Avenue. All utilities are already to the site. At the present time, there is a small single-family dwelling (teardown) located on the property. This house was built in 1931 and is currently occupied by a tenant who is on a month-to-month lease. Zoning on this site is R3 Medium Density Residential which allows for densities of up to 28 dwelling units per acre. Given this zoning classification and a gross parcel size of ±0.38 acres, a developer could theoretically build 8-10 units on this site. This site is located on Franklin Ave just to the west of busy Magnolia Ave. The neighborhood surrounding the subject property is primarily residential in nature. The site is also one block to the north of Buena Park High School and is also only blocks away from the I-5 and 91 freeways. The city of Fullerton is a high-demand residential market that is extremely supply restricted in regard to new development opportunities. Small multi-family development sites such as the subject property are very difficult to find and this site will present a great opportunity for a developer to build a small infill residential project.
Listed By CRMLS_CA / Matthew Wenzel / Marcus & Millichap
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Last updated Apr 30, 2024
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MLS# PW17240933 —
Walk Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/13/21
Aug 13, 2021
|
CRMLS_CA | $4,450,000 | 3.5% | |
5/26/21
May 26, 2021
|
CRMLS_CA | $4,300,000 | ||
5/18/21
May 18, 2021
|
CRMLS_CA | $4,300,000 | 377.8% (121.2% / YR) |