NOT LISTED FOR SALE

1533 W Commonwealth Ave Fullerton, CA 92833

Estimated Value: $1,041,000 - $1,338,759

5 Beds
3 Baths
2,974 Sq Ft
$395/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $525,000 $177 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $6,702/month

89 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Fireplace
  • D. Russell Parks Junior High School Rated A-
  • Wooded Lot
  • Guest Parking

About This Home

As of April 2012

This 3 unit income property is located in an award-winning schools district (Fern Drive,Parks Jr. and Sunnyhills High). Each unit hosts individual garages with alley access, additional guest parking, and a large center courtyard enhance. The 3-units all have their seperate address, seperate gas meter and electrical panal. UNIT 1(Address 1535) offers approximately 1600 sqft with 3 bedrooms, 2 baths, fireplace and laundry is in garage. UNIT 2 (Addess 1533) has a common wall with unit 1535; it offers approximately 648 sqft with 1 bedroom, 1 bath. UNIT 3 (Address 1533 1/2) is located above garage at rear of property and hosts approximately 726 sqft with 2 bedrooms, 1 bath. All untis are rental with long term tenants. Please do not disturb tenants...24 hours notice is needed to see inside of the units. Call Betty and Juhee to schedule an appointment.

Last Agent to Sell the Property

. Betty C and Juhee

Prudential California Realty License #00474069 Listed on: 01/11/2012

Last Buyer's Agent

Debbie Bies

Coldwell Banker Envision License #01237881

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,400 Sq Ft Lot
  • Property fronts an alley
  • Wooded Lot

Home Design

  • Contemporary Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,974 Sq Ft Home
  • Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Guest Parking
  • Assigned Parking

Location

  • Property is near public transit

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 1338
  • Assessor Parcel Number 03111324

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,331
  • Professional Management Expense $141
  • New Taxes Expense $3,400
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.01
  • Professional Management Expense: 141.00
  • Road Frontage Type: Alley
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 03111324
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Appliances: Yes
  • Price Per Square Foot: 176.53

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Guest, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Near Public Transit, Treed Lot
  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1930

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 795
  • Average3 Bed Area: 1600
  • Gross Multiplier: 13.88
  • Gross Scheduled Income: 41000.00
  • Insurance Expense: 1331.00
  • Lot Size Area: 8400.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Operating Expense: 6800.00

Tax Info

  • New Taxes Expense: 3400.00
  • Tax Area: 03087
  • Tax Lot: 3
  • Tax Tract Number: 1338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2012
Closed on
Feb 17, 2012
Sold by
Blue Moon Holdings Lp
Bought by
Peppard Paul
Seller's Agent
. Betty C and Juhee
Prudential California Realty
Buyer's Agent
Debbie Bies
Coldwell Banker Envision
List Price
$569,000
Sold Price
$525,000
Premium/Discount to List
-$44,000
-7.73%
Current Estimated Value
$1,175,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$650,940
Avg. Annual Appreciation
6.03%
Original Mortgage
$420,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2012
Sold by
Krong Reggie H and Krong Christine V
Bought by
Blue Moon Holdings L P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Blue Moon Holdings Lp
Bought by
Krong Reggie H and Krong Christine

Purchase Details

Closed on
Jan 29, 2004
Sold by
Krong Reggie H and Krong Christine V
Bought by
Blue Moon Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.14%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 14, 1999
Sold by
Krong Reggie H and Krong Christing V
Bought by
Blue Moon Holdings Lp

Purchase Details

Closed on
Sep 7, 1999
Sold by
Leedham Don R and Leedham Margery Margery
Bought by
Krong Reggie H and Krong Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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
Peppard Paul $525,000 First American Title Co
Blue Moon Holdings L P -- None Available
Krong Reggie H -- None Available
Blue Moon Holdings Lp -- Fidelity National Title Co
Krong Reggie H -- Fidelity National Title Co
Blue Moon Holdings Lp -- --
Krong Reggie H $237,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peppard Paul $420,000
Previous Owner Krong Reggie H $196,000
Previous Owner Krong Reggie H $189,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2012 04/13/12 Sold $525,000 -7.7% $177 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
01/11/2012 01/11/12 For Sale $569,000 -- $191 / Sq Ft
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 $7,361 $659,422 $505,547 $153,875
2024 $7,361 $646,493 $495,635 $150,858
2023 $7,182 $633,817 $485,917 $147,900
2022 $7,131 $621,390 $476,390 $145,000
2021 $7,007 $609,206 $467,049 $142,157
2020 $6,967 $602,960 $462,260 $140,700
2019 $6,787 $591,138 $453,196 $137,942
2018 $6,699 $579,548 $444,310 $135,238
2017 $6,648 $568,185 $435,598 $132,587
2016 $6,511 $557,045 $427,057 $129,988
2015 $6,332 $548,678 $420,642 $128,036
2014 $6,150 $537,931 $412,403 $125,528
Source: Public Records

Agents Affiliated with this Home

  • .

    Seller's Agent in 2012

    . Betty C and Juhee

    Prudential California Realty

  • D

    Buyer's Agent in 2012

    Debbie Bies

    Coldwell Banker Envision

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P809310

California Regional Multiple Listing Service (CRMLS)

APN: 031-113-24

California Orange County Fullerton 92833

1533 W Commonwealth Ave, Fullerton, CA

Not Listed for Sale

MultiFamily

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