A rare opportunity to own a four-unit income property in Fullerton's Historic Preservation Zone. Zoned R2P, this exceptional investment offers incredible flexibility for investors, owner-occupants, or multi-generational living. Featuring four separate addresses, individually metered electricity, and private laundry for each unit, this turnkey property is thoughtfully designed for convenience, efficient management, and maximum income potential. The beautifully remodeled 3-bedroom, 2-bathroom main house (116 N Cornell) is tucked away at the rear of the property with direct access to a quiet alley, offering privacy and convenience. Adjacent to the main house, the original two-story garage building (114 N Cornell) includes a charming 225 sq. ft. studio apartment upstairs, complete with a kitchenette and full bathroom. At the front of the property sits a brand-new duplex (114A & 114B N Cornell), completed in July 2026, featuring two spacious 3-bedroom, 2-bathroom units--one upstairs and one downstairs--each offering just under 1,000 sq. ft. of living space. Both units come equipped with fully paid-off solar systems, providing energy efficiency, lower electricity costs, and long-term value. All four units showcase high-end finishes, including luxury vinyl plank flooring, soaring ceilings, and energy-efficient ductless mini-split systems throughout. The modern kitchens feature quartz countertops, stainless steel appliances, and ceiling-height Shaker cabinetry. Bathrooms are beautifully appointed with designer vanities, custom tilework, and frameless glass shower doors. Outdoor spaces are equally inviting. The main house offers a private patio, while the newly constructed duplex features a charming front yard enclosed by a classic white picket fence. Location is everything! Situated in the heart of Downtown Fullerton, you'll enjoy walking distance to popular restaurants, coffee shops, boutiques, and entertainment along Commonwealth Avenue. The property is near award-winning Troy High School, as well as Fullerton College, Cal State Fullerton, and the Fullerton Transportation Center. Downtown Anaheim, Angel Stadium, and Disneyland are all nearby. Whether you're looking to live in one unit while generating rental income from the others, expand your investment portfolio with immediate cash flow, or accommodate a large or multigenerational family, this versatile property checks every box--don't miss this exceptional opportunity!