NOT LISTED FOR SALE

2036 E Whiting Ave Fullerton, CA 92831

3 Beds
2 Baths
10,368 Sq Ft
0.37 Acres

Last Sold August 12, 2020

Last sale price $3,693,334 $356 Per Sq Ft

48 Days on Market

Highlights

  • Laundry Room
  • Troy High School Rated A+
  • Landscaped

About This Home

As of August 2020

We are pleased to present the opportunity to acquire Magnolia Garden Apartments, a 14-unit multifamily investment property located in Fullerton, one of the strongest rental markets in Southern California.

Situated on a 0.37-acre lot, the 10,368 square foot property consists of 6, one-bedroom units and 8, two-bedroom units and offers amenities including garage parking, a spacious courtyard, security doors, and on-site laundry.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 04/10/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Landscaped

Parking

  • 14 Car Garage

Interior Spaces

  • 10,368 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 2807
  • Assessor Parcel Number 26909304

Community Details

Overview

  • 2 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,071
  • Fuel Expense $3,071
  • Insurance Expense $4,158
  • Maintenance Expense $7,000
  • Other Expense $7,950
  • Professional Management Expense $11,684
  • Trash Expense $3,071
  • Water Sewer Expense $3,071
  • New Taxes Expense $48,638
  • Operating Expense $91,712
  • Gross Income $267,540
  • Net Operating Income $167,928

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

14

Listing Details

  • Professional Management Expense: 11684.00
  • Property Attached: No
  • Water Sewer Expenses: 3070.50
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 26909304
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 356.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3070.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 16117.20
  • Lot Size Acres: 0.3700

Multi Family

  • Electric Expense: 3070.50
  • Fuel Expense: 3070.50
  • Gross Income: 267540.00
  • Gross Operating Income: 259640.00
  • Gross Scheduled Income: 263340.00
  • Insurance Expense: 4158.00
  • Lot Size Area: 0.3700 Acres
  • Maintenance Expense: 7000.00
  • Net Operating Income: 167928.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 91712.00
  • Other Expense: 7950.00
  • Other Expense Description: Misc
  • Other Income1: 4200.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 21945.00
  • Total Expenses: 91712.00
  • Vacancy Allowance: 7900

Tax Info

  • New Taxes Expense: 48638.00
  • Tax Census Tract: 115.02
  • Tax Lot: 38
  • Tax Tract Number: 2807

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 List to Sale Price per Sq Ft
08/12/2020 08/12/20 Sold $3,693,334 -12.1% $356 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $4,200,000 -- $405 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2020

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    148 Total Sales

    Tyler Leeson
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,935 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20071721

California Regional Multiple Listing Service (CRMLS)
California Orange County Fullerton 92831

2036 E Whiting Ave, Fullerton, CA

This home is located at 2036 E Whiting Ave, Fullerton, CA 92831 since 10 April 2020. This property was built in 1960. 2036 E Whiting Ave is a home located in Orange County with nearby schools including Commonwealth Elementary School, Ladera Vista Junior High School, and Troy High School.

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.

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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