Malden Villa Apartments represents a rare opportunity to acquire a professionally renovated, 12-unit multifamily asset in the core of Fullerton, California, one of North Orange County’s most supply-constrained rental markets. Offered at $4,850,000, the property delivers stable in-place cash flow with a clearly defined, low-risk path to upside through organic rent growth, requiring no additional capital expenditures. The property encompasses approximately 10,123 square feet and features a highly desirable, renter-preferred unit mix dominated by larger floor plans. The unit composition includes seven (7) two-bedroom units, four (4) one-bedroom units, and one (1) three-bedroom unit, a configuration that consistently outperforms smaller unit mixes in both demand and long-term rent growth. In-place rents remain below market across all unit types, providing investors with an immediate value-add opportunity via AB 1482 allowable rent increases. Based on current market rental assumptions, Net Operating Income is projected to increase from approximately $218,961 to $264,648, resulting in an estimated 5.5% market cap rate once stabilized—achieved without renovation risk or tenant displacement. Malden Villa Apartments offers exceptional parking coverage with 18 garage spaces plus 3 additional surface spaces, a significant competitive advantage in the local rental market. Additional income and operational strengths include on-site laundry facilities, copper plumbing throughout, and a well-implemented R.U.B.S. program, supporting efficient expense control and durable net cash flow. This offering is ideally suited for investors seeking a core-plus Southern California multifamily investment with defensive in-place income, strong fundamentals, and measurable near- to mid-term upside in a proven rental corridor near Downtown Fullerton, Fullerton College, and Cal State Fullerton.