NOT LISTED FOR SALE

124 W Truslow Ave Fullerton, CA 92832

Downtown Fullerton Neighborhood
3 Beds
3 Baths
3,887 Sq Ft
8,712 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $1,850,000 $476 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Fullerton Union High School Rated A
  • Level Lot

About This Home

As of April 2024

124 West Truslow Avenue is a 5-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County, California. Built in 1992, the property offers a highly desirable mix consisting of 1, one-bedroom unit and 4, two-bedroom units, of which 2 are townhomes. Amenities include ample surface and garage parking, private patios or balconies, and an on-site laundry facility. 124 West Truslow Avenue is located within walking distance of Downtown Fullerton, placing residents moments away from a wide variety of shopping, dining, and entertainment options. Additionally, the property is just over 0.30 miles from three regional shopping centers, Fullerton Town Center, Orangefair Marketplace, and Fullerton Metrocenter, placing residents moments away from 1 million square feet of combined retail space. Furthermore, the property benefits from it’s proximity to higher-education institutions including Fullerton College and California State University, Fullerton (CSUF), both major housing drivers for the area. 124 West Truslow Avenue also benefits from its close proximity to State Route 91, providing residents with easy access to employment hubs throughout Orange, Los Angeles, and Riverside Counties.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 03/05/2024

Last Buyer's Agent

Mona and Yaxkin Bottros

Reaz Realty License #01472751

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1992

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Open Parking Spaces
  • 10 Car Garage

Interior Spaces

  • 3,887 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 10 / 44
  • Tax Tract Number 276
  • Assessor Parcel Number 03225307
  • $1,293 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,508
  • Fuel Expense $1,508
  • Insurance Expense $2,250
  • Maintenance Expense $3,000
  • Other Expense $9,293
  • Trash Expense $1,508
  • Water Sewer Expense $1,508
  • New Taxes Expense $20,186
  • Operating Expense $40,761
  • Gross Income $126,194
  • Net Operating Income $81,686

Property Details

Home Type

Apartment

Year Built

Built in 1992

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.30
  • Price Per Unit: 380000
  • Property Attached: No
  • Water Sewer Expenses: 1508.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03225307
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: First Level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 475.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1508.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Electric Expense: 1508.00
  • Fuel Expense: 1508.00
  • Gross Income: 126194.00
  • Gross Multiplier: 15.06
  • Gross Operating Income: 121154.00
  • Gross Scheduled Income: 124901.00
  • Insurance Expense: 2250.00
  • Lot Size Area: 0.2000 Acres
  • Maintenance Expense: 3000.00
  • Net Operating Income: 81686.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 40761.00
  • Operating Expense Percent: 33.30
  • Other Expense: 9293.00
  • Other Expense Description: Misc
  • Other Income1: 1293.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 40761.00
  • Vacancy Allowance: 3747
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20186.00
  • Tax Block: 44
  • Tax Census Tract: 116.01
  • Tax Lot: 10
  • Tax Tract Number: 276
  • TaxOtherAnnualAssessmentAmount: 1293.00

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
04/26/2024 04/26/24 Sold $1,850,000 -2.6% $476 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $1,900,000 -- $489 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2024

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    142 Total Sales

    Tyler Leeson
    Section Image
  • Mona and Yaxkin Bottros

    Buyer's Agent in 2024

    Mona and Yaxkin Bottros

    Reaz Realty

    (714) 248-6292

    1 in this area

    23 Total Sales

    Mona and Yaxkin Bottros
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24044863

California Regional Multiple Listing Service (CRMLS)

APN: 032-253-07

California Orange County Fullerton 92832 Downtown Fullerton

124 W Truslow Ave, Fullerton, CA

This home is located at 124 W Truslow Ave, Fullerton, CA 92832 since 05 March 2024. This property was built in 1992. 124 W Truslow Ave is a home located in Orange County with nearby schools including Maple 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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