Seller's Agent in 2015
Ed Diaz
Vanguard Property Group
(714) 900-0169
1 in this area
29 Total Sales
209 E Valencia Dr Fullerton, CA 92832
Downtown Fullerton Neighborhood
16
Beds
16
Baths
7,170
Sq Ft
0.33
Acres
Highlights
- 0.33 Acre Lot
- Laundry Room
- Forced Air Heating and Cooling System
- Fullerton Union High School Rated A-
About This Home
As of November 2015The Downtown Fullerton Apartments boast late 1989 construction and possess a desirable unit mix of 8 (2+2). All of the units are spacious with nearly 900 sf of living space and are appointed with central AC/Heat and separate gas & electric meters for each tenant. There is a common laundry room for additional owner income. Some of the units offer private patios and balconies offering tenants additional amenities and creating higher tenant demand. There is ample tenant parking with 2 enclosed garages, 12 tuck-under carport spaces and 4 open spaces in the rear. The roofs are pitched with heavy Spanish concrete tiles - offered at an attractive 4.8 cap/12.9 GRM actual rents and a 5.4 Cap/12 GRM on realistic proforma rents. The subject property is ideally located in downtown Fullerton within walking distance to numerous entertainment venues, restaurants and the Fullerton Amtrak Train Station. The subject property is located in the award winning Fullerton School District, within 1 mile of Fullerton College, within 2 miles of California State University Fullerton (California's largest public university) and 2 miles of 91 freeway with close access to 5 & 57 freeways and numerous OC & LA employment centers.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 0.33 Acre Lot
- No Common Walls
- Stucco Fence
Parking
- 2 Car Garage
- 12 Carport Spaces
Home Design
- 7,170 Sq Ft Home
- Tile Roof
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 001
- Tax Tract Number 1
- Assessor Parcel Number 03305307
Community Details
Overview
- 3 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,088
- Gardener Expense $1,040
- Insurance Expense $3,200
- Maintenance Expense $10,448
- Other Expense $18,139
- Pest Control $840
- Trash Expense $970
- Water Sewer Expense $7,363
- New Taxes Expense $18,139
- Gross Income $10,670
- Net Operating Income $78,933
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2015 11/17/15 | Sold | $1,700,000 | +3.1% | $237 / Sq Ft |
| 08/06/2015 08/06/15 | Pending | -- | -- | -- |
| 07/28/2015 07/28/15 | For Sale | $1,649,000 | -- | $230 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ed Diaz
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15165903
APN: 033-053-07
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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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