M
Seller's Agent in 2021
Michael Sacks
Coldwell Banker Realty
2040 Associated Rd Fullerton, CA 92831
Cal State Fullerton Neighborhood
10
Beds
10
Baths
4,527
Sq Ft
7,405
Sq Ft Lot
About This Home
As of May 2021Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).
Last Agent to Sell the Property
Michael Sacks
Coldwell Banker Realty License #01945984 Listed on: 04/02/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Interior Spaces
- 4,527 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Listing and Financial Details
- Tax Lot 72
- Tax Tract Number 4759
- Assessor Parcel Number 33709401
Community Details
Overview
- 4 Units
- University Villas Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $18,000
- Gross Income $92,160
- Net Operating Income $61,783
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 2, 2021
Closed on
May 6, 2021
Sold by
Bought by
Seller's Agent
Michael Sacks
Coldwell Banker Realty
Buyer's Agent
Janet Lu
RE/MAX 2000 REALTY
List Price
$1,589,000
Sold Price
$1,615,000
Premium/Discount to List
$26,000
1.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$857,750
Interest Rate
0.029%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2018
Sold by
Bought by
Purchase Details
Closed on
Dec 21, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 31, 2014
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
$425,500
Interest Rate
0.0318%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2002
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
$529,200
Interest Rate
0.0615%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,625,000 | Chicago Title Company | ||
| -- | -- | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| $588,000 | Chicago Title Co |
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 |
|---|---|---|---|
| Previous Owner | $857,750 | ||
| Previous Owner | $871,450 | ||
| Previous Owner | $425,500 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $38,000 | ||
| Previous Owner | $529,200 | ||
| Previous Owner | $257,000 |
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 |
|---|---|---|---|---|
| 05/15/2021 05/15/21 | Sold | $1,615,000 | -0.6% | $357 / Sq Ft |
| 04/19/2021 04/19/21 | Price Changed | $1,625,000 | +2.3% | $359 / Sq Ft |
| 04/02/2021 04/02/21 | For Sale | $1,589,000 | -- | $351 / 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 | $19,354 | $1,748,127 | $1,574,054 | $174,073 |
| 2024 | $19,354 | $1,713,850 | $1,543,190 | $170,660 |
| 2023 | $18,889 | $1,680,246 | $1,512,932 | $167,314 |
| 2022 | $18,767 | $1,647,300 | $1,483,266 | $164,034 |
| 2021 | $9,494 | $786,759 | $573,886 | $212,873 |
| 2020 | $9,439 | $778,692 | $568,001 | $210,691 |
| 2019 | $9,206 | $763,424 | $556,864 | $206,560 |
| 2018 | $9,070 | $748,455 | $545,945 | $202,510 |
| 2017 | $8,921 | $733,780 | $535,240 | $198,540 |
| 2016 | $8,740 | $719,393 | $524,745 | $194,648 |
| 2015 | $8,502 | $708,588 | $516,863 | $191,725 |
| 2014 | $8,261 | $694,708 | $506,738 | $187,970 |
Source: Public Records
Agents Affiliated with this Home
-
-
Janet Lu
Buyer's Agent in 2021
Janet Lu
RE/MAX
(909) 802-8696
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21069338
APN: 337-094-01
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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