NOT LISTED FOR SALE

142 N Cornell Ave Fullerton, CA 92831

Estimated Value: $977,000 - $1,152,000

4 Beds
3 Baths
1,596 Sq Ft
$692/Sq Ft Est. Value

Last Sold January 23, 2025

Last sale price $1,070,000 $670 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,027/month

59 Days on Market

Highlights

  • Craftsman Architecture
  • Lawn
  • Balcony
  • Fullerton Union High School Rated A-
  • No HOA
  • 5-minute walk to Byerrum Park

About This Home

As of January 2025

This unique property offers an incredible opportunity for both investors and buyers seeking a multi-generational living arrangement. With two updated homes, each with its own address and utilities, this property provides the flexibility and potential for rental income. The front unit, at 796 sq. ft., features 2 bedrooms and 1 bath with modern upgrades. The back unit, sitting above the 4-car garage, offers 800 sq. ft. of living space and includes convenient laundry facilities in a cabinet above the garage. Both homes are equipped with split air and heating units for year-round comfort.
Located in Fullerton, a hidden gem in Orange County, this property is close to downtown Fullerton, a walkable village known for its locally-owned boutiques, restaurants, vibrant craft beer scene, and weekly farmer's market. Fullerton is also known as the "Education Community," home to prestigious institutions like Fullerton Junior College, Cal State University Fullerton, Hope University, and the College of Optometry.
With the property delivered vacant, it's a perfect canvas for your personal touches or an incredible investment opportunity. This is a home you'll love to call your own!

Last Agent to Sell the Property

Babette Carlson

Century 21 Discovery Brokerage Phone: 714-488-5964 License #01020165 Listed on: 10/10/2024

Century 21 Discovery

Co-Listed By

Cathy Thomas

Century 21 Discovery Brokerage Phone: 714-488-5964 License #01267302

Last Buyer's Agent

Diana Veloz

Confirmed Properties License #01257943

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Raised Foundation

Interior Spaces

  • 1,596 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Carpet
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 205
  • Assessor Parcel Number 03317303

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 03317303
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 670.43
  • Room Type: Laundry, Living Room

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Ductless
  • Laundry Features: Gas & Electric Dryer Hookup, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Average1 Bed Area: 796 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Jan 3, 2025
Sold by
Alvey Family Trust and Thomas Cathleen L
Bought by
Angel Padilla Jr Revocable Trust and Padilla
Seller's Agent
Babette Carlson
Century 21 Discovery
Buyer's Agent
Diana Veloz
Confirmed Properties
List Price
$1,120,000
Sold Price
$1,070,000
Premium/Discount to List
-$50,000
-4.46%
Views
134
Current Estimated Value
$1,104,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,146
Avg. Annual Appreciation
3.19%
Original Mortgage
$749,000
Outstanding Balance
$743,584
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$360,562

Purchase Details

Closed on
Nov 29, 2016
Sold by
Alvey Wayne J and Alvey Patricia N
Bought by
Alvey Wayne J and Alvey Patricia N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Angel Padilla Jr Revocable Trust $1,070,000 Chicago Title Company
Alvey Wayne J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angel Padilla Jr Revocable Trust $749,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/23/2025 01/23/25 Sold $1,070,000 0.0% $670 / Sq Ft
01/23/2025 01/23/25 Sold $1,070,000 -4.5% $670 / Sq Ft View Prior Sale
10/10/2024 10/10/24 For Sale $1,120,000 0.0% $702 / Sq Ft
10/10/2024 10/10/24 For Sale $1,120,000 -- $702 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,379 $1,091,400 $942,286 $149,114
2024 $3,379 $266,145 $112,615 $153,530
2023 $3,295 $260,927 $110,407 $150,520
2022 $3,265 $255,811 $108,242 $147,569
2021 $3,210 $250,796 $106,120 $144,676
2020 $3,191 $248,225 $105,032 $143,193
2019 $3,116 $243,358 $102,972 $140,386
2018 $3,071 $238,587 $100,953 $137,634
2017 $3,021 $233,909 $98,973 $134,936
2016 $2,961 $229,323 $97,032 $132,291
2015 $2,883 $225,879 $95,575 $130,304
2014 $2,802 $221,455 $93,703 $127,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24207747

California Regional Multiple Listing Service (CRMLS)

APN: 033-173-03