Seller's Agent in 2020
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
31 Total Sales
2117 Teri Place Fullerton, CA 92831
Cal State Fullerton Neighborhood
5
Beds
3
Baths
4,527
Sq Ft
6,966
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- Front Yard
- Troy High School Rated A+
About This Home
As of January 2020The Teri Place Apartments, walking distance to Cal State Fullerton, provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 5.50% Cap Rate /10.10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.
The property offers an attractive unit mix consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 08/23/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,966 Sq Ft Lot
- No Common Walls
- Front Yard
Parking
- 6 Car Garage
Interior Spaces
- 4,527 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 4759
- Assessor Parcel Number 33709209
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,438
- Fuel Expense $1,438
- Insurance Expense $1,600
- Trash Expense $1,438
- Water Sewer Expense $1,438
- New Taxes Expense $17,580
- Operating Expense $29,630
- Gross Income $117,600
- Net Operating Income $84,442
Additional Features
- 4 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $1,475,000 | -3.9% | $326 / Sq Ft |
| 12/30/2019 12/30/19 | Pending | -- | -- | -- |
| 10/28/2019 10/28/19 | Price Changed | $1,535,000 | -1.9% | $339 / Sq Ft |
| 09/20/2019 09/20/19 | For Sale | $1,565,000 | 0.0% | $346 / Sq Ft |
| 09/18/2019 09/18/19 | Pending | -- | -- | -- |
| 08/23/2019 08/23/19 | For Sale | $1,565,000 | +34.9% | $346 / Sq Ft |
| 04/26/2019 04/26/19 | Sold | $1,160,000 | -10.7% | $256 / Sq Ft |
| 04/01/2019 04/01/19 | Pending | -- | -- | -- |
| 02/22/2019 02/22/19 | Price Changed | $1,299,000 | -6.2% | $287 / Sq Ft |
| 01/02/2019 01/02/19 | Price Changed | $1,385,000 | -1.1% | $306 / Sq Ft |
| 11/26/2018 11/26/18 | For Sale | $1,400,000 | -- | $309 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Greg Bassirpou
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,931 Total Sales
-
Tyler Leeson
Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
147 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19202193
APN: 337-092-09
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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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