NOT LISTED FOR SALE

2024 E Wilshire Ave Fullerton, CA 92831

10 Beds
8 Baths
4,196 Sq Ft
8,655 Sq Ft Lot

Last Sold December 30, 2024

Last sale price $1,800,000 $429 Per Sq Ft

62 Days on Market

Highlights

  • Multi-Level Bedroom
  • No HOA
  • Central Heating and Cooling System
  • Troy High School Rated A+
  • Laundry Room

About This Home

As of December 2024

Pleased to present 2024 E. Wilshire Avenue in Fullerton. Built in 1963, and situated on over 8,500 square feet of land, this pride of ownership property features a desirable unit mix consisting of (2) two bedroom/two bathroom units and (2) three bedroom/two bathroom units. Some of the property amenities include an onsite laundry facility, private patios, fireplaces, central heat & A/C and (3) double-car garages for a 1.5 to 1 parking ratio. This property has been professionally managed and meticulously maintained for years, and, just recently, current ownership installed all new electrical sub panels for all 4 units and laundry room, and replaced the main electrical panel. Further, the property has been inspected by a licensed contractor and isSB 721 compliant. All the units are individually metered for electricity and gas. This property can be purchased with 2030 E. Wilshire Avenue.

Last Agent to Sell the Property

Paul Espinosa

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01942627 Listed on: 09/12/2024

Co-Listed By

Rick Applebaum

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01273871

Last Buyer's Agent

Therina Lin

Encore Realty & Financial License #01033115

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,657 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,196 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Multi-Level Bedroom
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 2807
  • Assessor Parcel Number 26909403
  • $1,038 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,827
  • Insurance Expense $3,567
  • Maintenance Expense $4,793
  • Other Expense $500
  • Trash Expense $3,617
  • Water Sewer Expense $3,617
  • Operating Expense $39,611
  • Gross Income $123,541
  • Net Operating Income $80,223

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

8,657 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 4.34
  • Property Attached: No
  • Water Sewer Expenses: 3616.50
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2827.00
  • Parcel Number: 26909403
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 428.98
  • Room Type: Multi-Level Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3616.50
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8657.00
  • Lot Size Acres: 0.1987

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 933 Square Feet
  • Average3 Bed Area: 1182 Square Feet
  • Gross Income: 123541.00
  • Gross Multiplier: 14.97
  • Gross Operating Income: 119835.00
  • Gross Scheduled Income: 123541.00
  • Insurance Expense: 3567.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3600.00
  • Lot Size Area: 8657.0000 Square Feet
  • Maintenance Expense: 4793.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 80223.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 39611.00
  • Operating Expense Percent: 32.10
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: Yes
  • Total Expenses: 39611.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 115.02
  • Tax Lot: 23
  • Tax Tract Number: 2807
  • TaxOtherAnnualAssessmentAmount: 1038.00
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Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2024 12/30/24 Sold $1,800,000 -2.7% $429 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $1,850,000 -- $441 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,803 $1,800,000 $1,611,723 $188,277
2024 $2,803 $162,068 $53,549 $108,519
2023 $2,726 $158,891 $52,499 $106,392
2022 $2,686 $155,776 $51,470 $104,306
2021 $2,644 $152,722 $50,461 $102,261
2020 $2,624 $151,157 $49,944 $101,213
2019 $2,579 $148,194 $48,965 $99,229
2018 $2,543 $145,289 $48,005 $97,284
2017 $2,504 $142,441 $47,064 $95,377
2016 $2,460 $139,649 $46,142 $93,507
2015 $2,401 $137,552 $45,449 $92,103
2014 $2,339 $134,858 $44,559 $90,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24190142

California Regional Multiple Listing Service (CRMLS)

APN: 269-094-03

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