NOT LISTED FOR SALE

151 W Southgate Ave Fullerton, CA 92832

5 Beds
5 Baths
3,005 Sq Ft
5,915 Sq Ft Lot

Last Sold November 14, 2023

Last sale price $1,758,000 $585 Per Sq Ft

111 Days on Market

Highlights

  • Laundry Room
  • Fullerton Union High School Rated A
  • Rectangular Lot

About This Home

As of November 2023

We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 05/23/2023

Last Buyer's Agent

Mike Ferraiz

The Kennedy Group License #01323105

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,915 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,005 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3123
  • Assessor Parcel Number 03228221

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $34,385
  • Gross Income $110,580
  • Net Operating Income $76,195

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 357600
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03228221
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: /
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 585.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5915.00
  • Lot Size Acres: 0.1358

Multi Family

  • Gross Income: 110580.00
  • Gross Scheduled Income: 114000.00
  • Lot Size Area: 5915.0000 Square Feet
  • Net Operating Income: 76195.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 34385.00
  • Rent Control: No
  • Total Expenses: 34385.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 3123

Range of Values:

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Sold Price
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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
11/14/2023 11/14/23 Sold $1,758,000 -1.7% $585 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $1,788,000 +101.4% $595 / Sq Ft
10/31/2016 10/31/16 Sold $888,000 -2.4% $296 / Sq Ft
10/13/2016 10/13/16 Pending -- -- --
07/26/2016 07/26/16 Price Changed $910,000 -1.6% $303 / Sq Ft
05/20/2016 05/20/16 For Sale $925,000 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2023

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    1 in this area

    20 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Mike Ferraiz

    The Kennedy Group

    (714) 598-4818

    1 in this area

    13 Total Sales

    Section Image
  • Daniel Blackwell

    Seller's Agent in 2016

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    49 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23085046

California Regional Multiple Listing Service (CRMLS)

California Orange County Fullerton 92832

151 W Southgate Ave, Fullerton, CA

This home is located at 151 W Southgate Ave, Fullerton, CA 92832 since 23 May 2023. This property was built in 1960. 151 W Southgate Ave is a home located in Orange County with nearby schools including Maple Elementary School, Nicolas Junior High School, and Fullerton Union High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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