Fullerton, CA 92831 131 N Montague Avenue

131 N Montague Avenue Fullerton, CA - Image 1131 N Montague Avenue Fullerton, CA - Image 2131 N Montague Avenue Fullerton, CA - Image 3
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131 N Montague Avenue Fullerton, CA - Image 4131 N Montague Avenue Fullerton, CA - Image 5
Presented By: Clayton Kilbarger with First Team Real Estate; 714-801-4576
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25042721
  • 02/28/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 4
  • Baths • 3
  • SQFT • 2,490
  • Garage • 4

Home Details

We are excited to present 131 N. Montague Drive, a prime 3-unit investment opportunity in Fullerton’s premier rental market. Ideally situated just over a mile from Cal State Fullerton, Downtown Fullerton, the Fullerton Train Station, and Fullerton College, this property benefits from strong rental demand. The Montague Drive Apartments feature highly desirable and rarely available single-story construction, with each unit offering a private yard, garage parking, and washer/dryer hookups. Exceptionally maintained over the years, the property boasts restored original hardwood floors, upgraded tile flooring in kitchens and bathrooms, newer windows, and fresh exterior paint—enhancing its curb appeal on a street lined with single-family homes. The building consists of two, 1 bedroom, 1 bath units and one 2 bedroom, 1 bath unit all with long term tenants in place. Since 2021 this property has received several internal upgrades including all new waste/sewer lines, a new Electrical main panel and 3 breaker boxes, new garage doors a full termite treatment including tenting and more.
Presented By: Clayton Kilbarger with First Team Real Estate; 714-801-4576

Interior Features for 131 N Montague Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories1

Other Rooms

Entry Level1

General for 131 N Montague Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityFullerton
Community FeaturesCurbs, Sidewalks
CountyOrange
DirectionsCommonwealth to Montague
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-03-01
Garage Spaces4.0
Garage Y/NYes
Gross Income66600.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1360.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7405.0
Lot Size UnitsSquareFeet
MLS Area83 - Fullerton
MobileHomeRemainsYNNo
Net Operating Income48305.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces1.0
Operating Expense18295.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot37
Total Actual Rent5550.0
Trash Expense400.0
Water Sewer Expense2600.0
Year Built1959
Year Built SourceAssessor

Exterior for 131 N Montague Avenue

Building Area Total2490.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,399,900
MLS#PW25042721
List Date 02/28/2025
Property Type Multi-Family
Phone 714.742.6515
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