NOT LISTED FOR SALE
8 Beds
12 Baths
7,840 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: November 30, 2019

Last sale price $2,410,000 $307 Per Sq Ft

271 Days on Market

About This Home

As of November 2019

This extremely rare investment opportunity is found in the North Orange County submarket of Fullerton, at the end of a highly-desirable cul-de-sac location?? The property boasts 1983 construction with eight (8) 2 Bed / 2??5 Bath townhome-style units?? Each unit has two master bedrooms and a kitchen area which comes fully equipped with electric stoves, dishwashers, and a garbage disposal?? Other amenities include a total of sixteen (16) parking spaces (four (4) two- car garages, four (4) single-car garages, and four (4) open spaces)?? In addition, there are washer/dryer hookups and patios, as well as, central air conditioning and a gated entrance to the property itself?? The upside potential, location and amenities available for tenant use make this property an excellent opportunity for an investor looking for a stable asset in a core Orange County market??

Last Agent to Sell the Property

Brett Bayless

Brett Bayless, Broker License #01718244 Listed on: 01/16/2019

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 14,258 Sq Ft Lot
  • Two or More Common Walls
  • Garden

Parking

  • 4 Open Parking Spaces
  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 7,840 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Tax Tract Number 1802
  • Assessor Parcel Number 07105149

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $455
  • Insurance Expense $2,275
  • Water Sewer Expense $5,572
  • New Taxes Expense $29,555
  • Operating Expense $48,778
  • Gross Income $169,782
  • Net Operating Income $121,004

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0.33 Acres

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: unk
  • Water Sewer Expenses: 5572.00
  • Property Type: Residential Income
  • Parcel Number: 07105149
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 307.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 14258.00
  • Lot Size Acres: 0.3273

Multi Family

  • Electric Expense: 455.00
  • Gross Income: 169782.00
  • Gross Scheduled Income: 174600.00
  • Insurance Expense: 2275.00
  • Lot Size Area: 14258.0000 Square Feet
  • Net Operating Income: 121004.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 8
  • Operating Expense: 48778.00
  • Rent Control: No
  • Total Actual Rent: 14550.00
  • Total Expenses: 48778.00

Tax Info

  • New Taxes Expense: 29555.00
  • Tax Census Tract: 18.02
  • Tax Tract Number: 001802

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
$2,410,000 Commonwealth Title
Grinnell Parker Investment Llc -- Fidelity National Title Co
Grinnell Parker Investment Llc -- Commonwealth Land Title Co
Transam Development Co Llp $1,270,000 Fidelity National Title Co
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
Previous Owner $1,410,000
Previous Owner Grinnell Parker Investment Llc $840,000
Previous Owner Grinnell Parker Investment Llc $896,700
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
11/30/2019 11/30/19 Sold $2,410,000 -5.5% $307 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
06/28/2019 06/28/19 Price Changed $2,549,000 0.0% $325 / Sq Ft
06/28/2019 06/28/19 For Sale $2,549,000 +5.8% $325 / Sq Ft
05/15/2019 05/15/19 Off Market $2,410,000 -- --
03/06/2019 03/06/19 Price Changed $2,550,000 -1.7% $325 / Sq Ft
01/16/2019 01/16/19 For Sale $2,595,000 -- $331 / 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
2026 $30,899 $2,688,398 $2,220,999 $467,399
2025 $29,687 $2,635,685 $2,177,450 $458,235
2024 $29,687 $2,584,005 $2,134,755 $449,250
2023 $28,968 $2,533,339 $2,092,897 $440,442
2022 $28,768 $2,483,666 $2,051,860 $431,806
2021 $28,273 $2,434,967 $2,011,627 $423,340
2020 $28,117 $2,410,000 $1,991,000 $419,000
2019 $20,547 $1,726,992 $1,207,902 $519,090
2018 $20,241 $1,693,130 $1,184,218 $508,912
2017 $18,715 $1,550,000 $1,150,000 $400,000
2016 $17,270 $1,421,350 $1,138,234 $283,116
2015 $16,800 $1,400,000 $1,148,865 $251,135
2014 $13,493 $1,104,994 $853,859 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19012048

California Regional Multiple Listing Service (CRMLS)

APN: 071-051-49

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