2720 Merlin Avenue
About This Property
Located on a quiet cul-de-sac, this home features a spacious layout with a downstairs bedroom, a cozy living room fireplace, an inside laundry room, and an attached garage. The family room opens to a backyard patio-perfect for entertaining. Upstairs, the primary bedroom ensuite has two walk-in closets and is complemented by two additional bedrooms, providing plenty of space for everyone. The home has a whole house fan to help keep cooling costs down.
Positioned in an ideal location, you'll be just minutes from Downtown Fullerton and Downtown Brea, where incredible dining, shopping, and nightlife await. Cal State Fullerton, Craig Regional Park, and top-rated Fullerton schools are all nearby, with easy access to the 57 and 91 freeways.
With neighboring homes selling for significantly more, this is a prime investment opportunity to create your dream home just the way you envision it. Bring your imagination, creativity, and vision-this is the perfect canvas to make it your own!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | Listed by Century 21 Discovery | $1,175,000 | |
| Listed by Century 21 Discovery | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017