NOT LISTED FOR SALE

Estimated Value: $1,404,000 - $1,589,000

6 Beds
6 Baths
3,064 Sq Ft
$484/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $1,280,000 $418 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,836/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Craftsman Architecture
  • No HOA
  • Beechwood Elementary School Rated A
  • Wood Flooring
  • Neighborhood Views

About This Home

As of July 2022

Investments like this rarely come on the market! A Charming Historic Craftsman Bungalow, built in 1937, which 2 has bedrooms and 2 ensuite bathrooms. It has a spacious front family room area, original hardwood flooring--the formal dining area adjoins it. There is also a breakfast nook off the kitchen, that looks out to the charming back deck and patio area, which is partially shaded by a Jacaranda tree. One of the bedrooms has a sliding door that opens out to the deck. The homes original details and architectural charm have been preserved. There is a permitted back unit, built in 2007 which has a studio apartment downstairs and upstairs has 3 additional bedrooms, each with their own ensuite bathroom. There is a general living area and kitchen upstairs and a shared laundry room downstairs. All rooms were rented out individually. It has a 3 car garage, plus a covered carport. The main house has a large driveway that will accommodate 3 cars and there is available street parking. The home is next to Fullerton Junior College and in close proximity to Cal State Fullerton and St. Jude’s Hospital, causing this property to be in high demand. It is in a distinctive restored historic homes area and is part of the Historic Preservation Zone. The property is located close to downtown Fullerton, walking distance to restaurants, transportation and walking distance to both Fullerton High School and Fullerton Jr College. The property is located close to downtown Fullerton, walking distance to restaurants, transportation and easy freeway access to the 91, 57 and the 5. Appealing to Investors or owner occupied owners that want to off-set their monthly expenses with rental income. There is deferred maintenance on the wood siding of both the house and the back unit. Once that is done, this property will increase in value and shine! It will be a great addition to your portfolio. This is a probate sale and the property is being sold ‘as-is’ no repairs, no credit for repairs, no termite work or clearance. It is a Full Authority Probate and does NOT require court approval.

Last Agent to Sell the Property

Nancy Andreason

Coldwell Banker Realty License #01730309 Listed on: 06/10/2022

Coldwell Banker Realty

Last Buyer's Agent

Nancy Andreason

Coldwell Banker Realty License #01730309 Listed on: 06/10/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,417

Year Built

  • Built in 1937

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • 1 Attached Carport Space
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,064 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Wood Frame Window
  • Neighborhood Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 303
  • Assessor Parcel Number 02903106
  • $501 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $2,600
  • Fuel Expense $850
  • Gardener Expense $900
  • Insurance Expense $3,100
  • Maintenance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $13,000
  • Operating Expense $24,250
  • Gross Income $948,000
  • Net Operating Income $5,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,417

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.90
  • Price Per Unit: 650000
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow, Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 02903106
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 417.75
  • Room Type: All Bedrooms Down, All Bedrooms Up, Main Floor Master Bedroom
  • Window Features: Double Pane Windows, Wood Frames

Exterior Features

  • Foundation: Raised, Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Garage Faces Rear, Garage - Three Door, Off Street
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave
  • Heating Type: Central
  • Laundry Features: In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Other

Multi Family

  • Average1 Bed Area: 196 Square Feet
  • Average2 Bed Area: 144 Square Feet
  • Average3 Bed Area: 150 Square Feet
  • Average Studio Area: 391 Square Feet
  • Electric Expense: 2600.00
  • Fuel Expense: 850.00
  • Gross Income: 948000.00
  • Gross Multiplier: 13.71
  • Gross Operating Income: 7515.00
  • Gross Scheduled Income: 7900.00
  • Insurance Expense: 3100.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 5494.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2021.00
  • Rent Control: No
  • Total Expenses: 24250.00
  • Vacancy Allowance: 385
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 114.01
  • Tax Lot: 20
  • Tax Tract Number: 303
  • TaxOtherAnnualAssessmentAmount: 501.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2024
Sold by
John S Marovic Trust and Marovic John S
Bought by
Jm & Sm Llc
Current Estimated Value
$1,367,195

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jun 28, 2022
Sold by
Shadi Morisset
Bought by
John S Marovic Trust
Seller's Agent
Nancy Andreason
Coldwell Banker Realty
Buyer's Agent
Nancy Andreason
Coldwell Banker Realty
List Price
$1,300,000
Sold Price
$1,280,000
Premium/Discount to List
-$20,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$896,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2005
Sold by
Thielmann Greg
Bought by
Karimi Kavan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 11, 2003
Sold by
Thielmann Jessica Jane
Bought by
Thielmann Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,167
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2002
Sold by
Thielmann Jens
Bought by
Thielmann Greg T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 1999
Sold by
Thielmann Claudia J
Bought by
Thielmann Jens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 1999
Sold by
Burnip Carol A
Bought by
Thielmann Greg T and Thielmann Jens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 1999
Sold by
Smith L Arnold
Bought by
Smith Sandra W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1999
Sold by
Burnip Carol A
Bought by
Burnip Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jm & Sm Llc -- None Listed On Document
John S Marovic Trust $1,365,000 Chicago Title
Karimi Kavan $600,000 Old Republic Title Company
Thielmann Greg -- Landsafe Title
Thielmann Greg T -- American Title Co
Thielmann Jens -- Orange Coast Title
Thielmann Greg T $166,000 Orange Coast Title
Smith Sandra W -- Orange Coast Title
Burnip Carol A -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner John S Marovic Trust $896,000
Previous Owner Morisset Shadi $0
Previous Owner Karimi Kavan $568,125
Previous Owner Karimi Kavan $127,000
Previous Owner Karimi Kavan $480,000
Previous Owner Thielmann Greg $168,167
Previous Owner Thielmann Greg T $170,000
Previous Owner Thielmann Greg T $132,800
Closed Thielmann Greg $23,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $1,280,000 -1.5% $418 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $1,300,000 -- $424 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,417 $1,422,708 $1,036,455 $386,253
2024 $15,417 $1,394,812 $1,016,132 $378,680
2023 $15,024 $1,365,000 $996,208 $368,792
2022 $11,529 $1,022,322 $643,913 $378,409
2021 $11,329 $1,002,277 $631,287 $370,990
2020 $11,268 $992,000 $624,814 $367,186
2019 $12,085 $1,076,000 $708,814 $367,186
2018 $10,790 $952,000 $616,907 $335,093
2017 $10,238 $899,000 $563,907 $335,093
2016 $9,122 $798,000 $462,907 $335,093
2015 $7,500 $658,000 $322,907 $335,093
2014 $7,420 $658,000 $322,907 $335,093
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22123437

California Regional Multiple Listing Service (CRMLS)

APN: 029-031-06