NOT LISTED FOR SALE
10 Beds
8 Baths
4,255 Sq Ft
7,405 Sq Ft Lot

Last Sold January 12, 2017

Last sale price $1,325,000 $311 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Troy High School Rated A+
  • Laundry Room

About This Home

As of January 2017

GREAT LOCATION for this Fullerton 4-plex! Well maintained building near Cal State Fullerton. Long term owner that actively maintains the building. Rents are slightly low with opportunity to raise to market level. Family member living in one of 3 bedrooms, thus rent is very low. (3) 2-car garages, with two additional outside parking spaces. Downstairs units are both 3 bedroom / 2 baths with private patios. Upstairs units are both 2 bedroom / 2 baths and have a large open deck in the front of the unit. Location is just south of Bastanchury, and very close to the 57 freeway, CSFU, BREA Mall, and restaurants. Onsite laundry room, Owner owned appliances, which means additional income. Very spacious units and well maintained by the owner and tenants. Newer carpet and tile flooring in some of the units. Most exterior windows have been replaced. Gutters installed in front of garages with new concrete replaced at garage threshold.

Last Agent to Sell the Property

Randy Combs

Gorman & Associates License #01930012 Listed on: 12/08/2016

Gorman & Associates

Co-Listed By

Tim Gorman

Gorman & Associates License #01929799

Last Buyer's Agent

Mike Ferraiz

The Kennedy Group License #01323105

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,255 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 4759
  • Assessor Parcel Number 33709201

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $828
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Maintenance Expense $7,925
  • Supplies Expense $370
  • Trash Expense $480
  • Water Sewer Expense $2,700
  • New Taxes Expense $14,245
  • Gross Income $5,950
  • Net Operating Income $39,242

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Ad Number: Randy
  • CapRate: 3.00
  • Inclusions: Waher/Dryer
  • Property Attached: Yes
  • Supplies Expense: 370.00
  • Water Sewer Expenses: 2700.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 33709201
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 311.40

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00

Multi Family

  • Electric Expense: 828.00
  • Gross Income: 5950.00
  • Gross Multiplier: 18.10
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 7925.00
  • Net Operating Income: 39242.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28588.00
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Vacancy Allowance: 3570

Tax Info

  • New Taxes Expense: 14245.00
  • Tax Census Tract: 117.08
  • Tax Lot: 6
  • Tax Tract Number: 4759

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $1,325,000 +2.3% $311 / Sq Ft
12/08/2016 12/08/16 For Sale $1,295,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16759624

California Regional Multiple Listing Service (CRMLS)

APN: 337-092-01