NOT LISTED FOR SALE
9 Beds
6 Baths
4,463 Sq Ft
7,841 Sq Ft Lot

Last Sold September 10, 2014

Last sale price $1,050,000 $235 Per Sq Ft

12 Days on Market

Highlights

  • Attached Guest House
  • Barn
  • Tennis Courts
  • Sunset Lane Elementary School Rated A-
  • Greenhouse
  • Sauna

About This Home

As of September 2014

Covington Style 4-plex in much sought after Fullerton Sunny Hills area. Excellent rental property in turn key condition. All units are rented. Located in wonderful neighborhood with very well-known schools. Upgraded Owners Unit - 1 Story 3br/2ba, approx 1425 with remodeled kitchen, fireplace, ceiling fans, 2 patios, new carpet, paint and blinds. 2 car private garage with a remote. Two- two bedroom/1 bath units and One -2 bedroom/2 bath unit. Each unit has been well cared for and upgraded. 4 additional garages spaces with a total of 6. Community Laundry on property. Currently on month-to-month lease. Great potential for extra income by putting your own machines in instead of leasing. DRIVE BY ONLY - DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Gail Winterswyk

T.N.G. Real Estate Consultants License #01294967 Listed on: 07/15/2014

Last Buyer's Agent

Gail Winterswyk

T.N.G. Real Estate Consultants License #01294967 Listed on: 07/15/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence

Parking

  • 6 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,463 Sq Ft Home
  • Fireplace
  • Awning
  • Blinds
  • Sliding Doors
  • Sauna
  • Fire and Smoke Detector
  • Property Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Tennis Courts
  • Sport Court
  • Greenhouse
  • Gazebo
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Attached Guest House
  • Barn

Listing and Financial Details

  • Tenant pays for electricity, HVAC maintenance
  • Tax Lot 21
  • Tax Tract Number 5987
  • Assessor Parcel Number 28810204

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $960
  • Insurance Expense $1,289
  • Trash Expense $408
  • Water Sewer Expense $2,740
  • New Taxes Expense $8,670
  • Gross Income $6,083
  • Net Operating Income $66,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1967 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • CapRate: 6.02
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2740.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 28810204
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Appliances: No
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 235.27
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Other Structures: Barn(s), Guest House, Guest House Attached, Greenhouse, Gazebo, Outbuilding, Sauna Private, Storage, Sport Court Private, Shed(s), Workshop, Tennis Court Private
  • Exterior Features: Awning(s)
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 408.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, HVAC Maintenance

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 6083.00
  • Gross Scheduled Income: 73000.00
  • Insurance Expense: 1289.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 66240.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 6760.00
  • Rent Control: No
  • Total Actual Rent: 6090.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 8670.00
  • Tax Lot: 21
  • Tax Tract Number: 5987
  • Tax Year: 2013

Range of Values:

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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
09/10/2014 09/10/14 Sold $1,050,000 -4.5% $235 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $1,100,000 -- $246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14149400

California Regional Multiple Listing Service (CRMLS)

APN: 288-102-04