NOT LISTED FOR SALE

1106 W West Ave Fullerton, CA 92833

16 Beds
10 Baths
8,132 Sq Ft
0.33 Acres

Last Sold January 31, 2017

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

123 Days on Market

Highlights

  • 14,375 Sq Ft lot
  • No HOA
  • Wrought Iron Fence
  • Fullerton Union High School Rated A
  • 11 Car Garage

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

  • 0.33 Acre 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

Parking

11

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Price Per Unit: 222727
  • 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
  • Entry Location: Ground Level
  • 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: 4680
  • Vacancy Allowance Rate: 3.00

Tax Info

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Bridge

    Seller's Agent in 2017

    Mark Bridge

    Mark Bridge, Broker

    (949) 419-3200

    50 Total Sales

    Mark Bridge
    Section Image

  • W

    Buyer's Agent in 2017

    William Chou

    Lucky Real Estate

    (714) 670-8388

    9 Total Sales

    William Chou
    Section Image
  • Babette Ison

    Seller's Agent in 2012

    Babette Ison

    Betty Elkins-Rice

    (310) 717-0178

    25 Total Sales

    Babette Ison
    Section Image

  • J

    Buyer's Agent in 2012

    James Hou

    Hou Realty

    (909) 802-8866

    2 Total Sales

    James Hou
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16148228

California Regional Multiple Listing Service (CRMLS)

California Orange County Fullerton 92833

1106 W West Ave, Fullerton, CA

This home is located at 1106 W West Ave, Fullerton, CA 92833 since 29 August 2016. This property was built in 1957. 1106 W West Ave is a home located in Orange County with nearby schools including Pacific Drive Elementary School, Nicolas Junior High School, and Fullerton Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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