NOT LISTED FOR SALE

219 N Richman Ave Fullerton, CA 92832

6 Beds
4 Baths
2,574 Sq Ft
6,534 Sq Ft Lot

Last Sold November 19, 2014

Last sale price $725,000 $282 Per Sq Ft

5 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 1-minute walk to Ford Park
  • Golden Hill Elementary School Rated A-

About This Home

As of November 2014

is pleased to present a 4 unit, multi family apartment building, ideally located in Historic Downtown Fullerton. Just blocks from all of Downtown Fullerton shops’, restaurants’, the Fullerton Library, Fullerton Union and Fullerton College and near Cal State Fullerton. All units are occupied and include an upgraded three bedroom upstairs unit with a newer kitchen, cabinets, granite counter tops, dishwasher, updated bathroom, hardwood floors and laundry hookups.

Upgraded electrical, plumbing and windows (majority dual paned) in 2004.


(2) One Bedroom One Bath ; (1) Two Bedroom One Bath ; (1) Three Bedroom One Bath.

Last Agent to Sell the Property

Cameron Irons

SVN / Vanguard License #01176224 Listed on: 10/22/2014

SVN / Vanguard

Last Buyer's Agent

Robin Nguyen

Professional R.E. Center, Inc. License #01354874

Professional R.E. Center, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • 2,574 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 668
  • Assessor Parcel Number 03207212

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,700
  • Insurance Expense $975
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $8,415
  • Gross Income $5,025
  • Net Operating Income $47,275

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • CapRate: 5.60
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 03207212
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 281.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Off Street, On Site, Parking Space, Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 2700.00
  • Gross Income: 5025.00
  • Gross Multiplier: 12.75
  • Gross Scheduled Income: 60300.00
  • Insurance Expense: 975.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 47275.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11825.00
  • Operating Expense Percent: 20.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 8415.00
  • Tax Lot: 8
  • Tax Rate: 3.00
  • Tax Tract Number: 668
  • Tax Year: 2013
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Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2014 11/19/14 Sold $725,000 +7.4% $282 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
10/22/2014 10/22/14 For Sale $675,000 -- $262 / 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 $10,044 $858,249 $708,431 $149,818
2024 $10,044 $841,421 $694,540 $146,881
2023 $9,797 $824,923 $680,922 $144,001
2022 $9,721 $808,749 $667,571 $141,178
2021 $9,556 $792,892 $654,482 $138,410
2020 $9,501 $784,762 $647,771 $136,991
2019 $9,266 $769,375 $635,070 $134,305
2018 $9,129 $754,290 $622,618 $131,672
2017 $8,979 $739,500 $610,409 $129,091
2016 $8,797 $725,000 $598,440 $126,560
2015 $8,674 $725,000 $598,440 $126,560
2014 $7,285 $602,724 $403,426 $199,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14226920

California Regional Multiple Listing Service (CRMLS)
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