NOT LISTED FOR SALE

1106 W West Ave Fullerton, CA 92833

16 Beds
10 Baths
8,132 Sq Ft
0.33 Acres Lot

Sale Details

Date Sold: January 31, 2017

Last sale price $2,350,000 $289 Per Sq Ft

123 Days on Market

Highlights

  • No HOA
  • 11 Car Garage
  • Wrought Iron Fence
  • Fullerton Union High School Rated A-

About This Home

As of January 2017

This 11 unit multi-family investment opportunity in the City of Fullerton is comprised of one and two bedroom units, and was built in 1957. The property has a unit mix of 3 two bed / one bath, 2 two* bed / one bath (No Closet), and 6 one bed / one bath units. Each unit is individually metered for gas and electric and includes air conditioning and security screen doors. This is a gated property, providing tenants privacy and security. The property contains 11 garages as well as 5 open spots and street parking, providing ample parking for tenants. The common area of the building comes with an on-site laundry facility, a grass lawn, and a shared BBQ courtyard and patio.

Located in the City of Fullerton, this property is conveniently positioned near the 5 and 91 freeways, providing tenants easy access to many Southern California regions. The property is seconds away from Pacific Drive Park, Independence Park, Nicholas Park, and the Los Coyotes Country Club. It is also less than 5 miles from Disneyland and Knott's Berry Farm. The building is situated in close proximity to major retail, education, and employment opportunities.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 08/29/2016

Last Buyer's Agent

William Chou

Lucky Real Estate License #00929418

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 14,375 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is 11-15 Units/Acre

Parking

  • 11 Car Garage
  • 5 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 8,132 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 031 / 363
  • Tax Tract Number 22
  • Assessor Parcel Number 03136322

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • 11 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Gardener Expense $1,200
  • Insurance Expense $1,356
  • Maintenance Expense $7,500
  • Other Expense $2,000
  • Trash Expense $3,000
  • Water Sewer Expense $3,075
  • New Taxes Expense $25,970
  • Operating Expense $51,353
  • Gross Income $13,200
  • Net Operating Income $102,367

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0.33 Acres

Parking

11

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: Yes
  • Water Sewer Expenses: 3075.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03136322
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 288.98

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 14375.00
  • Price Per Lot Square Foot: 170.43

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 667
  • Average2 Bed Area: 826
  • Electric Expense: 1440.00
  • Gross Income: 13200.00
  • Gross Multiplier: 14.90
  • Gross Operating Income: 151320.00
  • Gross Scheduled Income: 156000.00
  • Gross Spendable Income: 102367.00
  • Insurance Expense: 1356.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 200.00
  • Maintenance Expense: 7500.00
  • Net Operating Income: 102367.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Operating Expense: 51353.00
  • Other Expense: 2000.00
  • Other Expense Description: Reserves
  • Other Income Description: Month to Month Laundry Lease
  • Rent Control: No
  • Total Actual Rent: 13000.00
  • Total Expenses: 51353.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25970.00
  • Tax Block: 363
  • Tax Lot: 031
  • Tax Tract Number: 22
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2017 01/31/17 Sold $2,350,000 -4.1% $289 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $2,450,000 0.0% $301 / Sq Ft
08/13/2016 08/13/16 Pending -- -- --
08/02/2016 08/02/16 Price Changed $2,450,000 -1.8% $301 / Sq Ft
07/08/2016 07/08/16 For Sale $2,495,000 +84.8% $307 / Sq Ft
05/21/2012 05/21/12 Sold $1,350,000 -12.9% $168 / Sq Ft View Prior Sale
04/16/2012 04/16/12 Pending -- -- --
01/09/2012 01/09/12 For Sale $1,550,000 -- $193 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,443 $2,727,374 $2,470,653 $256,721
2024 $31,443 $2,673,897 $2,422,209 $251,688
2023 $30,674 $2,621,468 $2,374,715 $246,753
2022 $30,446 $2,570,067 $2,328,152 $241,915
2021 $29,925 $2,519,674 $2,282,502 $237,172
2020 $29,756 $2,493,838 $2,259,097 $234,741
2019 $29,008 $2,444,940 $2,214,801 $230,139
2018 $28,576 $2,397,000 $2,171,373 $225,627
2017 $23,281 $1,905,421 $1,553,333 $352,088
2016 $22,810 $1,868,060 $1,522,875 $345,185
2015 $22,190 $1,840,000 $1,500,000 $340,000
2014 $17,111 $1,383,251 $1,168,134 $215,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16148228

California Regional Multiple Listing Service (CRMLS)
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