This 933 sq ft, 2-bed, 2-bath condo in Fullerton sits amidst a cluster of similar units averaging $2,595–$2,900/mo in rent, reflecting comp data and current market trends. At these rates, annual gross income is roughly $31.1K–$34.8K. With a value near $488K, the estimated payback period (gross rent multiplier) ranges from 14–15.6 years—healthy for Orange County. The neighborhood is stable, demand is steady but not overheated, and proximity to top-rated schools adds rental appeal. The unit is well-sized for the area, but its 1964 construction and lack of parking garage or in-unit amenities could be drawbacks compared to newer complexes. HOA is reasonable at $290/mo.

To increase rental value, consider cosmetic upgrades—modern flooring, energy-efficient appliances, and a refreshed kitchen or bath can command top-of-market rents. If selling, highlight the strong local schools, walkable location, and above-average rent yields. Target both investors (with proven comps) and owner-occupants seeking affordability in Fullerton. If holding, keep up with routine maintenance to minimize vacancy and maximize rent increases in line with Orange County’s upward trend.