Seller's Agent in 2023
Gary Tolfa
Triqor Group
(949) 756-3232
11 Total Sales
151 W Southgate Ave Fullerton, CA 92832
Fullerton Area
5
Beds
5
Baths
3,005
Sq Ft
5,915
Sq Ft Lot
About This Home
As of November 2023We 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.
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
- Entry on the 1st floor
Interior Spaces
- 3,005 Sq Ft Home
- 2-Story Property
- Laundry in unit
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
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
Listed on
May 23, 2023
Closed on
Oct 16, 2023
Sold by
Bought by
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Mike Ferraiz
The Kennedy Group
List Price
$1,788,000
Sold Price
$1,758,000
Premium/Discount to List
-$30,000
-1.68%
Views
309
Purchase Details
Closed on
Sep 22, 2022
Sold by
Bought by
Purchase Details
Listed on
May 20, 2016
Closed on
Oct 25, 2016
Sold by
Bought by
Seller's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$925,000
Sold Price
$888,000
Premium/Discount to List
-$37,000
-4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.035%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 7, 2003
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
$343,000
Interest Rate
0.0475%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 17, 2003
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
$343,000
Interest Rate
0.0475%
Mortgage Type
Commercial
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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 |
|---|---|---|---|
| $1,758,000 | First American Title | ||
| -- | Accommodation/Courtesy Recordi | ||
| -- | Accommodation/Courtesy Recordi | ||
| $888,000 | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| $470,000 | Fidelity National Title |
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 | $575,000 | ||
| Previous Owner | $383,500 | ||
| Previous Owner | $375,000 | ||
| Previous Owner | $343,000 |
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 |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $20,909 | $1,793,160 | $1,508,704 | $284,456 |
| 2024 | $20,089 | $1,758,000 | $1,479,121 | $278,879 |
| 2023 | $18,291 | $1,600,000 | $1,400,000 | $200,000 |
| 2022 | $11,724 | $971,156 | $697,745 | $273,411 |
| 2021 | $11,524 | $952,114 | $684,064 | $268,050 |
| 2020 | $11,458 | $942,352 | $677,050 | $265,302 |
| 2019 | $11,176 | $923,875 | $663,775 | $260,100 |
| 2018 | $11,010 | $905,760 | $650,760 | $255,000 |
| 2017 | $10,829 | $888,000 | $638,000 | $250,000 |
| 2016 | $7,408 | $575,023 | $449,808 | $125,215 |
| 2015 | $7,211 | $566,386 | $443,051 | $123,335 |
| 2014 | $7,010 | $555,292 | $434,372 | $120,920 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
-
Mike Ferraiz
M
Buyer's Agent in 2023
Mike Ferraiz
The Kennedy Group
(714) 598-4818
6 Total Sales
-
Daniel Blackwell
Seller's Agent in 2016
Daniel Blackwell
CB Richard Ellis, Inc.
(949) 423-6111
47 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23085046
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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