NOT LISTED FOR SALE

206 E Valencia Dr Fullerton, CA 92832

Estimated Value: $795,000 - $1,045,000

3 Beds
4 Baths
2,040 Sq Ft
$461/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $915,000 $449 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,793/month

12 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Rectangular Lot
  • Fullerton Union High School Rated A-
  • Neighborhood Views
  • Wood Siding

About This Home

As of August 2022

This is a great opportunity to own multiple residential units on one lot in the heart of Downtown Fullerton. This property features a front single family residence home which includes 3 bedrooms and 2 bath. The rear of the property offers multiple detached dwelling units with a detached garage that has that is being used as a bonus room/office with back-alley access. The property is in close proximity to schools (Maple Elementary, Fullerton HS and Fullerton College), the shops and restaurants of Downtown Fullerton, freeways and the Metro Station. The front single home has its own driveway, while there is potential room for tenant parking for the back units near each residence. This property is an opportunity for an investor or contractor to bring some added value to this fixer upper property making it a great opportunity to generate additional income.

Last Agent to Sell the Property

James Oronoz

Circa Properties, Inc. License #02056694 Listed on: 05/20/2022

Circa Properties, Inc.

Last Buyer's Agent

James Oronoz

Circa Properties, Inc. License #02056694 Listed on: 05/20/2022

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 1914

Lot Details

  • 7,200 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / D
  • Tax Tract Number 828
  • Assessor Parcel Number 03305402

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $1,800
  • Trash Expense $1,350
  • Water Sewer Expense $1,350
  • Operating Expense $9,342
  • Net Operating Income $24,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,802

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 2.10
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Walgrove
  • View: Yes
  • Water Sewer Expenses: 1350.00
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 03305402
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 448.53

Exterior Features

  • Foundation: Raised, Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop, Shingle
  • Construction Materials: Wood Siding

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Laundry: No
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Trash Expense: 1350.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653
  • Latitude Manual: 33.86595000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 311 Square Feet
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 7200.0000 Square Feet
  • Net Operating Income: 24258.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9342.00
  • Other Expense: 1800.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 2800.00
  • Total Expenses: 9342.00
  • Vacancy Allowance Rate: 2.50

Tax Info

  • Tax Area: 03-067
  • Tax Block: D
  • Tax Lot: 3
  • Tax Tract Number: 828
  • Tax Annual Amount: 4801.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Aug 12, 2022
Sold by
Arellano and Mireya
Bought by
Own Your Dream Llc
Seller's Agent
James Oronoz
Circa Properties, Inc.
Buyer's Agent
James Oronoz
Circa Properties, Inc.
List Price
$1,150,000
Sold Price
$915,000
Premium/Discount to List
-$235,000
-20.43%
Views
3
Current Estimated Value
$941,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,257
Avg. Annual Appreciation
0.85%
Original Mortgage
$686,250
Outstanding Balance
$656,090
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$285,167

Purchase Details

Closed on
May 10, 2022
Sold by
Aragon Patricia and Hernandez Ana Marie
Bought by
Aragon Patricia

Purchase Details

Closed on
Sep 7, 2017
Sold by
Aragon Patricia
Bought by
Aragon Patricia and Hernandez Ana Marie

Purchase Details

Closed on
Sep 11, 2013
Sold by
Chacon Maria
Bought by
Chacon Maria and Aragon Patricia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Own Your Dream Llc -- Pacific Coast Title
Aragon Manuel $915,000 Pacific Coast Title
Aragon Patricia -- None Listed On Document
Aragon Patricia -- None Available
Chacon Maria -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aragon Manuel $686,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2022 08/18/22 Sold $915,000 -20.4% $449 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,150,000 -- $564 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $10,347 $951,966 $921,227 $30,739
2024 $10,347 $933,300 $903,163 $30,137
2023 $10,100 $915,000 $885,453 $29,547
2022 $4,886 $419,033 $389,059 $29,974
2021 $4,802 $410,817 $381,430 $29,387
2020 $4,775 $37,318 $24,258 $13,060
2019 $678 $36,587 $23,783 $12,804
2018 $667 $35,870 $23,317 $12,553
2017 $656 $35,167 $22,860 $12,307
2016 $644 $34,478 $22,412 $12,066
2015 $629 $33,961 $22,076 $11,885
2014 $612 $33,296 $21,643 $11,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22105269

California Regional Multiple Listing Service (CRMLS)

APN: 033-054-02