NOT LISTED FOR SALE

138 S Princeton Ave Fullerton, CA 92831

Fullerton Area
5 Beds
5 Baths
4,908 Sq Ft
8,461 Sq Ft Lot

Sale Details

Date Sold: May 18, 2023

Last sale price $1,828,000 $372 Per Sq Ft

6 Days on Market

Highlights

  • Lawn
  • Forced Air Heating System
  • Laundry Facilities
  • Fullerton Union High School Rated A-

About This Home

As of May 2023

> Property is found in the highly desirable rental market of Fullerton, CA
> Garage Parking and On-Site Laundry
> Seven (7) 1BD/1BA Units
> Upside in Rental Income!
> Close Proximity to the City’s Major Destinations, including Downtown Fullerton, CSUF, and Fullerton College

Last Agent to Sell the Property

Pat Swanson

Pat Swanson License #01382974 Listed on: 03/10/2023

Last Buyer's Agent

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,461 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 7 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,908 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1873
  • Assessor Parcel Number 03315303
  • $1,748 per year additional tax assessments

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $588
  • Insurance Expense $2,112
  • Trash Expense $4,615
  • Operating Expense $39,236
  • Gross Income $117,542
  • Net Operating Income $78,305

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

8,461 Sq Ft Lot

Parking

7

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 03315303
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 372.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4615.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 8461.00
  • Lot Size Acres: 0.1942

Multi Family

  • Electric Expense: 588.00
  • Gross Income: 117542.00
  • Gross Scheduled Income: 119940.00
  • Insurance Expense: 2112.00
  • Lot Size Area: 8461.0000 Square Feet
  • Net Operating Income: 78305.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 39236.00
  • Rent Control: No
  • Total Expenses: 39236.00

Tax Info

  • Tax Census Tract: 114.03
  • Tax Lot: 4
  • Tax Tract Number: 1873
  • TaxOtherAnnualAssessmentAmount: 1748.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
May 16, 2023
Sold by
Bought by
Seller's Agent
Pat Swanson
Pat Swanson
Buyer's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
List Price
$1,890,000
Sold Price
$1,828,000
Premium/Discount to List
-$62,000
-3.28%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
0.0628%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 14, 2014
Closed on
Jan 16, 2015
Sold by
Bought by
Seller's Agent
Judy Borowski
Century 21 Discovery
Buyer's Agent
Irv Tons
Pointe Real Estate, Inc.
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
0.0382%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 1993
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,828,000 Commonwealth Land Title
$1,320,000 Fidelity National Title Co
$1,200,000 Chicago Title Company
-- North American Title Co
-- North American Title Co
$25,000 North American Title Co
$332,000 Orange Coast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $805,000
Previous Owner $670,000
Previous Owner $660,000
Previous Owner $180,000
Previous Owner $660,000
Previous Owner $410,000
Previous Owner $320,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2023 05/18/23 Sold $1,828,000 -3.3% $372 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,890,000 0.0% $385 / Sq Ft
11/18/2017 11/18/17 Rented $1,275 -1.9% --
10/05/2017 10/05/17 For Rent $1,300 0.0% --
01/21/2015 01/21/15 Sold $1,200,000 0.0% $245 / Sq Ft View Prior Sale
10/15/2014 10/15/14 Pending -- -- --
08/31/2014 08/31/14 For Sale $1,200,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,640 $1,901,851 $1,662,559 $239,292
2024 $21,754 $1,864,560 $1,629,960 $234,600
2023 $17,760 $1,501,932 $1,024,046 $477,886
2022 $17,624 $1,472,483 $1,003,967 $468,516
2021 $17,323 $1,443,611 $984,281 $459,330
2020 $17,224 $1,428,809 $974,188 $454,621
2019 $16,796 $1,400,794 $955,087 $445,707
2018 $16,546 $1,373,328 $936,360 $436,968
2017 $16,274 $1,346,400 $918,000 $428,400
2016 $14,842 $1,218,300 $862,963 $355,337
2015 $5,772 $388,924 $225,682 $163,242
2014 $5,617 $381,306 $221,261 $160,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23040350

California Regional Multiple Listing Service (CRMLS)
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