NOT LISTED FOR SALE

1400 Peckham St Fullerton, CA 92833

5 Beds
5 Baths
17,330 Sq Ft
0.63 Acre Lot

Sale Details

Date Sold: June 8, 2018

Last sale price $5,000,000 $289 Per Sq Ft

25 Days on Market

About This Home

As of June 2018

Mayflower Townhome Apartments is a 17-unit multifamily investment property located in Fullerton, one of the premiere housing markets in Southern California. Situated on a 0.63-acre lot, the 17,330 square foot property consists of one-bedroom and two-bedroom floor plans. Mayflower Townhome Apartments offers an attractive range of amenities including a sparkling swimming pool and spa, patios and balconies, and ample garage parking.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 03/01/2018

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 03/01/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 27,652 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 32 Car Garage

Home Design

  • 17,330 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry in unit
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1802
  • Assessor Parcel Number 07147165

Community Details

Overview

  • 3 Buildings
  • 17 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 17 Leased Units
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • Electric Expense $4,813
  • Fuel Expense $4,813
  • Insurance Expense $3,825
  • Maintenance Expense $8,500
  • Other Expense $12,325
  • Professional Management Expense $12,975
  • Trash Expense $4,813
  • Water Sewer Expense $4,813
  • New Taxes Expense $60,409
  • Operating Expense $125,687
  • Gross Income $334,380
  • Net Operating Income $198,698

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.63 Acres

Parking

32

Listing Details

  • Professional Management Expense: 12975.00
  • Property Attached: No
  • Subdivision Name Other: RANCHO LOS COYOTES
  • Water Sewer Expenses: 4813.00
  • Property Type: Residential Income
  • Parcel Number: 07147165
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 288.52

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 32.00
  • Total Parking Spaces: 32.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4813.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 27652.00

Multi Family

  • Electric Expense: 4813.00
  • Fuel Expense: 4813.00
  • Gross Income: 334380.00
  • Gross Operating Income: 324385.00
  • Gross Scheduled Income: 334380.00
  • Insurance Expense: 3825.00
  • Maintenance Expense: 8500.00
  • Net Operating Income: 198698.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Units Leased: 17
  • Number Of Units Total: 17
  • Operating Expense: 125687.00
  • Other Expense: 12325.00
  • Rent Control: No
  • Total Actual Rent: 27765.00
  • Total Expenses: 125687.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 60409.00
  • Tax Census Tract: 18.02
  • Tax Lot: 4
  • Tax Tract Number: 001802

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

Closed on
Mar 22, 2018
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
$2,470,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2016
Sold by
Bought by

Purchase Details

Listed on
Jan 6, 2015
Closed on
Apr 17, 2015
Sold by
Bought by
Seller's Agent
Pat Swanson
Pat Swanson
Buyer's Agent
Pat Swanson
Pat Swanson
List Price
$3,975,000
Sold Price
$3,700,000
Premium/Discount to List
-$275,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,369,250
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2001
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
$1,027,500
Interest Rate
0.0706%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 1994
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
$5,000,000 Chicago Title Co
$4,460,000 Chicago Title Company
$3,700,000 Commonwealth Land Title Co
-- --
-- Commonwealth Land Title Co
$940,000 First American Title
$1,045,210 Fidelity National Title
-- --
-- Chicago Title Company
$10,000 Chicago 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
Closed $2,470,000
Closed $2,369,250
Closed $1,000,000
Closed $400,000
Closed $1,027,500
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
06/08/2018 06/08/18 Sold $5,000,000 -3.8% $289 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $5,200,000 +40.5% $300 / Sq Ft
04/30/2015 04/30/15 Sold $3,700,000 -6.9% $214 / Sq Ft View Prior Sale
02/02/2015 02/02/15 Pending -- -- --
01/06/2015 01/06/15 For Sale $3,975,000 -- $229 / 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 $64,004 $5,689,144 $3,413,487 $2,275,657
2024 $64,004 $5,577,593 $3,346,556 $2,231,037
2023 $62,453 $5,468,229 $3,280,937 $2,187,292
2022 $62,024 $5,361,009 $3,216,605 $2,144,404
2021 $60,955 $5,255,892 $3,153,535 $2,102,357
2020 $60,579 $5,202,000 $3,121,200 $2,080,800
2019 $59,020 $5,100,000 $3,060,000 $2,040,000
2018 $53,259 $4,549,200 $3,511,381 $1,037,819
2017 $45,562 $3,831,553 $2,226,444 $1,605,109
2016 $44,629 $3,756,425 $2,182,788 $1,573,637
2015 $22,226 $1,717,671 $494,843 $1,222,828
2014 -- $1,684,025 $485,150 $1,198,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18047663

California Regional Multiple Listing Service (CRMLS)

APN: 071-471-65

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