$1,170,000
SOLD DEC 27, 2024

1400 E Wilshire Ave Fullerton, CA 92831

4 Beds
2 Baths
1,978 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$592 Per Sq Ft

2% Below List Price

48 Days on Market

Highlights

  • Cooling System Powered By Gas
  • Laundry Room
  • Landscaped
  • Troy High School Rated A+
  • Storage
  • Ceiling Fan

About This Home

As of December 2024

1400 is now vacant and can be shown. 1400 and 1402 East Wilshire Avenue in Fullerton is a never on the market one family-owned single-story duplex. Each living space features spacious 2-bedroom 1-bathroom homes with characteristics that are appealing to everyone. One apartment can be delivered vacant at the close of escrow, which is ideal timing for an owner occupant buyer or an investor looking for an immediate improved return on investment.
Residences feature spacious living rooms with real wood burning fireplaces and vaulted ceilings that have their original wood beams that extend into the open plan kitchen. Over-sized south facing sliding glass doors connect the kitchens to private covered patios large enough for a protected outside dining area, backyards with space for gardening, and possibly a pet (currently not allowed).
Each unit has an attached one and a half car garage with washer and dryer hookups for full size appliances, and power garage doors and remotes. There is room to park two full size vehicles off street on each driveway in addition to the garage space. This meticulously maintained property received two coats of fresh paint on the entire exterior in September of 2024 along with new, low maintenance and water usage landscaping in front of the property. The duplex structure has a pitched composition shingle roof, is separately metered for gas and electric (which tenant pays directly to utility) and is located just over 1 mile to Cal State Fullerton, Fullerton College, public and private elementary, middle, and high schools, a vibrant and diverse Downtown Fullerton scene, and the Fullerton Train Station serving south Orange county to San Diego, and to Los Angeles to the north and beyond. Finally, the Wilshire duplex is centrally located near the 57 and 91 freeway allowing for easy vehicle access to regional employment areas in Orange and Los Angeles Counties.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian Brokerage Phone: 949-251-8800 License #01488586 Listed on: 10/14/2024

Last Buyer's Agent

Norma Anaya

Sunny Hills Real Estate, Inc. License #02180326

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Level Lot

Parking

  • 1.5 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,978 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Storage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 3869
  • Assessor Parcel Number 03343308
  • $528 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $625
  • Fuel Expense $625
  • Insurance Expense $1,200
  • Maintenance Expense $1,833
  • Trash Expense $625
  • Water Sewer Expense $625
  • New Taxes Expense $12,696
  • Operating Expense $19,690
  • Gross Income $36,666
  • Net Operating Income $16,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 597500
  • Property Attached: No
  • Water Sewer Expenses: 625.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 03343308
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Pantry, Storage
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 591.51
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.50
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 5.50
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 625.00
  • Water Source: Public
  • Cooling: Electric, Gas, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700
  • Latitude Manual: 33.87247700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 990 Square Feet
  • Electric Expense: 625.00
  • Fuel Expense: 625.00
  • Gross Operating Income: 36666.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 1833.00
  • Net Operating Income: 16976.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 19690.00
  • Rent Control: No
  • Total Expenses: 19690.00
  • Vacancy Allowance: 1134
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12696.00
  • Tax Census Tract: 114.03
  • Tax Lot: 6
  • Tax Tract Number: 3869
  • TaxOtherAnnualAssessmentAmount: 528.00

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
12/27/2024 12/27/24 Sold $1,170,000 -2.1% $592 / Sq Ft
12/02/2024 12/02/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $1,195,000 +2.1% $604 / Sq Ft
11/10/2024 11/10/24 Off Market $1,170,000 -- --
10/14/2024 10/14/24 For Sale $1,195,000 -- $604 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24211401

California Regional Multiple Listing Service (CRMLS)

APN: 033-433-08