NOT LISTED FOR SALE

218 W Knepp Ave Fullerton, CA 92832

8 Beds
4 Baths
3,752 Sq Ft
6,534 Sq Ft Lot

Last Sold September 09, 2022

Last sale price $1,380,000 $368 Per Sq Ft

95 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Front Yard
  • Fullerton Union High School Rated A-
  • 4 Car Garage

About This Home

As of September 2022

A Great Investment Opportunity Near Downtown Fullerton!!! Well Maintained 4U, Spacious 2BR+1BA Each, Long Term Tenants, Comparatively Low Rent, Lots of Potential to Increase Value, Extra Income From Owner Owned Laundry Machines, Conveniently Close to Downtown Fullerton, COSTCO, Shopping, Restaurants, etc...

Last Agent to Sell the Property

Brian Kim

Nexteam Real Estate License #00850540 Listed on: 05/31/2022

Nexteam Real Estate

Last Buyer's Agent

Tamara Al Obweini

First Team Real Estate License #02060579

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Interior Spaces

  • 3,752 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 2644
  • Assessor Parcel Number 07307204
  • $994 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Fuel Expense $500
  • Gardener Expense $1,440
  • Insurance Expense $2,000
  • Maintenance Expense $220
  • Trash Expense $540
  • Water Sewer Expense $4,560
  • New Taxes Expense $16,000
  • Operating Expense $25,500
  • Gross Income $80,200
  • Net Operating Income $54,700

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 4560.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 07307204
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 367.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 240.00
  • Fuel Expense: 500.00
  • Gross Income: 80200.00
  • Gross Operating Income: 80200.00
  • Gross Scheduled Income: 80200.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1000.00
  • Lot Size Area: 6534.0000 Square Feet
  • Maintenance Expense: 220.00
  • Net Operating Income: 54700.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25500.00
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 25500.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Census Tract: 116.01
  • Tax Lot: 11
  • Tax Tract Number: 2644
  • TaxOtherAnnualAssessmentAmount: 994.00
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2022 09/09/22 Sold $1,380,000 -4.8% $368 / Sq Ft
09/03/2022 09/03/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $1,450,000 -3.3% $386 / Sq Ft
05/31/2022 05/31/22 For Sale $1,499,000 +44.8% $400 / Sq Ft
07/27/2017 07/27/17 Sold $1,035,000 +3.6% $276 / Sq Ft View Prior Sale
06/07/2017 06/07/17 For Sale $999,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,088 $1,435,752 $1,294,966 $140,786
2024 $16,088 $1,407,600 $1,269,574 $138,026
2023 $15,699 $1,380,000 $1,244,680 $135,320
2022 $12,971 $1,109,728 $1,001,068 $108,660
2021 $12,748 $1,087,969 $981,439 $106,530
2020 $12,677 $1,076,814 $971,376 $105,438
2019 $12,355 $1,055,700 $952,329 $103,371
2018 $12,170 $1,035,000 $933,655 $101,345
2017 $9,639 $800,000 $670,166 $129,834
2016 $9,525 $791,895 $662,061 $129,834
2015 $9,265 $780,000 $652,116 $127,884
2014 $9,163 $780,000 $652,116 $127,884
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22112996

California Regional Multiple Listing Service (CRMLS)

APN: 073-072-04