NOT LISTED FOR SALE

219 N Richman Ave Fullerton, CA 92832

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

Sale Details

Date 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

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
Sep 15, 2015
Sold by
Bought by

Purchase Details

Listed on
Oct 22, 2014
Closed on
Oct 31, 2014
Sold by
Bought by
Seller's Agent
Cameron Irons
SVN / Vanguard
Buyer's Agent
Robin Nguyen
Professional R.E. Center, Inc.
List Price
$675,000
Sold Price
$725,000
Premium/Discount to List
$50,000
7.41%

Purchase Details

Closed on
Sep 16, 2005
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
$542,000
Interest Rate
0.0587%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2004
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
$437,500
Interest Rate
0.0437%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 12, 2004
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
$408,000
Interest Rate
0.068%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 2002
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
$300,000
Interest Rate
0.0796%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by
Source: Public Records
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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
-- None Available
$725,000 Ortc
-- Lawyers Title Company
$625,000 Old Republic Title
$510,000 Old Republic Title Co
-- United Title Company
-- United 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 $100,000
Previous Owner $542,000
Previous Owner $437,500
Previous Owner $408,000
Previous Owner $408,000
Previous Owner $300,000
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
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

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 $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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