Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
168 Total Sales
2036 E Whiting Ave Fullerton, CA 92831
Fullerton Area
3
Beds
2
Baths
10,368
Sq Ft
0.37
Acre Lot
About This Home
As of August 2020We 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
Marcus & Millichap RE Invest License #01451551 Listed on: 04/10/2020
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Apartment
Year Built
- Built in 1960
Lot Details
- 16,117 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 14 Car Garage
Interior Spaces
- 10,368 Sq Ft Home
- 2-Story Property
- Laundry in unit
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
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
Apr 10, 2020
Closed on
Aug 4, 2020
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$4,200,000
Sold Price
$3,693,334
Premium/Discount to List
-$506,666
-12.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,031,333
Interest Rate
0.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 16, 2009
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
$1,350,000
Interest Rate
0.048%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 16, 2005
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
$1,275,000
Interest Rate
0.0569%
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 |
|---|---|---|---|
| $3,693,500 | Chicago Title Company | ||
| -- | First American Title Ins Co | ||
| -- | Diversified Title | ||
| $2,300,000 | Diversified 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 |
|---|---|---|---|
| Open | $2,031,333 | ||
| Previous Owner | $1,350,000 | ||
| Previous Owner | $1,275,000 |
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 |
|---|---|---|---|---|
| 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
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 | $47,376 | $3,997,781 | $3,670,888 | $326,893 |
| 2024 | $45,520 | $3,919,394 | $3,598,910 | $320,484 |
| 2023 | $44,412 | $3,842,544 | $3,528,344 | $314,200 |
| 2022 | $44,095 | $3,767,200 | $3,459,160 | $308,040 |
| 2021 | $43,337 | $3,693,334 | $3,391,334 | $302,000 |
| 2020 | $26,414 | $2,119,490 | $1,804,323 | $315,167 |
| 2019 | $25,779 | $2,077,932 | $1,768,944 | $308,988 |
| 2018 | $25,398 | $2,037,189 | $1,734,259 | $302,930 |
| 2017 | $24,983 | $1,997,245 | $1,700,254 | $296,991 |
| 2016 | $24,482 | $1,958,084 | $1,666,916 | $291,168 |
| 2015 | $23,823 | $1,928,672 | $1,641,877 | $286,795 |
| 2014 | $23,152 | $1,890,892 | $1,609,714 | $281,178 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
G
Buyer's Agent in 2020
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20071721
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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