Seller's Agent in 2020
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
22 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 Facilities
- 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
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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
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
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
Closed on
Nov 13, 2021
Sold by
Bought by
Purchase Details
Listed on
Aug 23, 2019
Closed on
Jan 28, 2020
Sold by
Bought by
Seller's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,565,000
Sold Price
$1,475,000
Premium/Discount to List
-$90,000
-5.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,428
Interest Rate
0.037%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 26, 2018
Closed on
Apr 5, 2019
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Greg Bassirpou
Marcus & Millichap RE Invest
List Price
$1,400,000
Sold Price
$1,160,000
Premium/Discount to List
-$240,000
-17.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.62%
Original Mortgage
$870,000
Interest Rate
0.043%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2006
Sold by
Bought by
Purchase Details
Closed on
Jun 6, 2001
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
$332,000
Interest Rate
0.0721%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 5, 2001
Sold by
Bought by
Purchase Details
Closed on
Sep 16, 1993
Sold by
Bought by
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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 |
|---|---|---|---|
| -- | Shaikh Ahmed | ||
| $1,475,000 | Chicago Title Company | ||
| $1,160,000 | Chicago Title Company | ||
| -- | None Available | ||
| $415,000 | Investors Title Company | ||
| -- | Lawyers Title Company | ||
| -- | Investors Title Company |
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 | $679,000 | ||
| Previous Owner | $659,428 | ||
| Previous Owner | $870,000 | ||
| Previous Owner | $630,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $330,000 | ||
| Previous Owner | $135,000 | ||
| Previous Owner | $330,000 | ||
| Previous Owner | $332,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $17,942 | $1,613,125 | $1,452,156 | $160,969 |
| 2024 | $17,942 | $1,581,496 | $1,423,683 | $157,813 |
| 2023 | $17,510 | $1,550,487 | $1,395,768 | $154,719 |
| 2022 | $17,395 | $1,520,086 | $1,368,400 | $151,686 |
| 2021 | $17,095 | $1,490,281 | $1,341,569 | $148,712 |
| 2020 | $13,833 | $1,183,200 | $1,028,420 | $154,780 |
| 2019 | $6,903 | $549,586 | $356,742 | $192,844 |
| 2018 | $6,801 | $538,810 | $349,747 | $189,063 |
| 2017 | $6,690 | $528,246 | $342,890 | $185,356 |
| 2016 | $6,557 | $517,889 | $336,167 | $181,722 |
| 2015 | $6,382 | $510,110 | $331,117 | $178,993 |
| 2014 | $6,203 | $500,118 | $324,631 | $175,487 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
G
Buyer's Agent in 2020
General NONMEMBER
NONMEMBER MRML
-
Tyler Leeson
Seller's Agent in 2019
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
167 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19202193
APN: 337-092-09
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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