NOT LISTED FOR SALE

1501 W Commonwealth Ave Fullerton, CA 92833

0.96 Acre
-- Price per Acre
41,818 Sq Ft Lot

Last Sold December 23, 2015

Last sale price $2,275,000

183 Days on Market

About This Lot

As of December 2015

Developers dream. Near downtown Fullerton. you can build 15+ residential units. Cuhrrently zoned commercial highway. Entitlement needed to develop property, City wants the area developed and will work with all developers. There is an easement in favor of 1525 W. Commonwealth ave. Fullerton

Last Agent to Sell the Property

Nasser Bakhtiari

Country Hills Realty License #01895542 Listed on: 12/17/2015

Last Buyer's Agent

Anna Jung

Forrest Commercial, Inc. License #01481661

Forrest Commercial, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 0.96 Acre Lot
  • Property is zoned r3

Listing and Financial Details

  • Assessor Parcel Number 03111343

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Subdivision Name Other: Aspens (ASPN)
  • View: No
  • Zoning: r3
  • Property Type: Land
  • Parcel Number: 03111343
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 54.40

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 41817.00
  • Price Per Lot Square Foot: 54.40
  • Lot Size Acres: 0.9600

Multi Family

  • Lot Size Area: 41817.0000 Square Feet

Tax Info

  • Tax Rate: 900.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2021
Sold by
Cmw100 Llc
Bought by
Parsinvest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,866,075
Outstanding Balance
$2,602,899
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2018
Sold by
Paris Plaza Realty Llc
Bought by
Cmw100 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 17, 2015
Closed on
Nov 25, 2015
Sold by
Bakhtiari Nasser
Bought by
Paris Plaza Realty Llc
Seller's Agent
Nasser Bakhtiari
Country Hills Realty
Buyer's Agent
Anna Jung
Forrest Commercial, Inc.
List Price
$2,675,000
Sold Price
$2,275,000
Premium/Discount to List
-$400,000
-14.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2013
Sold by
Bakhtiari Tooraj
Bought by
Bakhtiari Nasser

Purchase Details

Closed on
Jun 1, 2010
Sold by
Bakhtiari Nasser
Bought by
Bakhtiari Nasser

Purchase Details

Closed on
Jan 25, 1993
Sold by
Utility Systems Development
Bought by
Comcast Cable Communications Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Parsinvest Llc $6,255,000 Ticor Title Ncs
Cmw100 Llc $3,800,000 None Available
Paris Plaza Realty Llc $2,275,000 Chicago Title Company
Bakhtiari Nasser -- None Available
Bakhtiari Nasser -- None Available
Comcast Cable Communications Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parsinvest Llc $2,866,075
Previous Owner Cmw100 Llc $2,450,000
Previous Owner Paris Plaza Realty Llc $1,450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2015 12/23/15 Sold $2,275,000 -15.0% --
05/09/2015 05/09/15 Pending -- -- --
11/07/2014 11/07/14 For Sale $2,675,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $60,589 $5,255,101 $3,923,285 $1,331,816
2024 $60,589 $5,152,060 $3,846,358 $1,305,702
2023 $59,105 $5,051,040 $3,770,940 $1,280,100
2022 $58,665 $4,952,000 $3,697,000 $1,255,000
2021 $38,634 $3,093,297 $1,648,907 $1,444,390
2020 $22,886 $1,950,814 $1,632,000 $318,814
2019 $24,486 $2,115,000 $1,800,000 $315,000
2018 $21,722 $1,851,912 $1,539,792 $312,120
2017 $21,364 $1,815,600 $1,509,600 $306,000
2016 $20,925 $1,780,000 $1,480,000 $300,000
2015 $10,916 $870,367 $633,840 $236,527
2014 $10,611 $853,318 $621,424 $231,894
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nasser Bakhtiari

    Country Hills Realty

    (714) 261-7871

    5 Total Sales

    Nasser Bakhtiari
    Section Image
  • Anna Jung

    Buyer's Agent in 2015

    Anna Jung

    Forrest Commercial, Inc.

    (714) 318-3663

    6 Total Sales

    Anna Jung
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14237412

California Regional Multiple Listing Service (CRMLS)

APN: 031-113-46

California Orange County Fullerton 92833

1501 W Commonwealth Ave, Fullerton, CA

Not Listed for Sale

Lots

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