Zach Mickelson
Real Broker
(657) 341-1538
49 Total Sales
2 in Cal State Fullerton
$705K - $1.6M Price Range
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
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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
- 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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cal State Fullerton, CA
-
Zach Mickelson
-
Herman Nijjar
HN
Herman Nijjar
Compass
(949) 674-3738
15 Total Sales
2 in Cal State Fullerton
$680K - $745K Price Range
-
Tom Bashe
Tom Bashe
Localist Realty
(951) 476-1176
177 Total Sales
2 in Cal State Fullerton
$440K - $670K Price Range
-
Joshua Coburn
Joshua Coburn
Chamberlain Real Estate
(858) 251-9237
51 Total Sales
1 in Cal State Fullerton
$1,175,000 Price
-
Kay Lee
Kay Lee
Circa Properties, Inc.
(714) 410-6567
107 Total Sales
4 in Cal State Fullerton
$536K - $1.7M Price Range
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
79 Total Sales
1 in Cal State Fullerton
$378,000 Price
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 | ||
| Cefalia James J | -- | -- | |
| Cefalia Ii James John | -- | None Available | |
| Cefalia Ii James John | -- | None Available | |
| Cefalia Ii James John | -- | -- | |
| Cefalia James John | $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 | Cefalia Ii James John | $871,450 | |
| Previous Owner | Cefalia Ii James John | $425,500 | |
| Previous Owner | Cefalia Ii James John | $100,000 | |
| Previous Owner | Cefalia Ii James John | $38,000 | |
| Previous Owner | Cefalia James John | $529,200 | |
| Previous Owner | Jalaty Gary T | $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 |
|---|---|---|---|---|
| 2026 | $20,146 | $1,783,089 | $1,605,535 | $177,554 |
| 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
-
MS
Seller's Agent in 2021
Michael Sacks
Coldwell Banker Realty
-
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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