NOT LISTED FOR SALE

225 W Knepp Ave Fullerton, CA 92832

4 Beds
2 Baths
3,752 Sq Ft
6,392 Sq Ft Lot

Last Sold February 10, 2023

Last sale price $1,550,000 $413 Per Sq Ft

107 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4 Car Garage
  • Fullerton Union High School Rated A

About This Home

As of February 2023

Four-unit apartment building located in the City of Fullerton, with a strong rental market. Close to one of the popular downtown areas in Orange County, and about 25 miles southeast of downtown Los Angeles. The property's unit mix comprised of all 2 bedroom/ 1-bathroom units totaling 3,752 square feet, on a 6,392 square foot lot. The subject property has 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, new bathrooms, new garage doors, new water heaters and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing.

Last Agent to Sell the Property

Alexander Duarte

First Team Real Estate License #01970077 Listed on: 08/26/2022

First Team Real Estate

Co-Listed By

Leo Quinones

First Team Real Estate License #02027523

Last Buyer's Agent

Naresh Sakhrani

The IVRI Group, Inc. License #01885274

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,392 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 1 Open Parking Space
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 2644
  • Assessor Parcel Number 07307105
  • $994 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $524
  • Fuel Expense $1,064
  • Gardener Expense $890
  • Insurance Expense $1,498
  • Other Expense $557
  • Trash Expense $2,107
  • Water Sewer Expense $2,107
  • New Taxes Expense $18,820
  • Operating Expense $27,567
  • Gross Income $102,600
  • Net Operating Income $74,943

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.55
  • Price Per Unit: 387500
  • Property Attached: Yes
  • Water Sewer Expenses: 2107.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 890.00
  • Parcel Number: 07307105
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 413.11

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 2107.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6392.00
  • Lot Size Acres: 0.1467

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 938 Square Feet
  • Electric Expense: 524.00
  • Fuel Expense: 1064.00
  • Gross Income: 102600.00
  • Gross Multiplier: 16.08
  • Gross Scheduled Income: 102600.00
  • Insurance Expense: 1498.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6392.0000 Square Feet
  • Net Operating Income: 74943.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27657.00
  • Other Expense: 557.00
  • Other Expense Description: TrashBin
  • Rent Control: Yes
  • Total Actual Rent: 8550.00
  • Total Expenses: 27567.00

Tax Info

  • New Taxes Expense: 18820.00
  • Tax Census Tract: 116.01
  • Tax Lot: 3
  • Tax Tract Number: 2644
  • TaxOtherAnnualAssessmentAmount: 994.00

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/10/2023 02/10/23 Sold $1,550,000 0.0% $413 / Sq Ft
12/20/2022 12/20/22 Price Changed $1,550,000 -6.1% $413 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $1,650,000 +15.4% $440 / Sq Ft
05/24/2021 05/24/21 Sold $1,430,000 -0.7% $381 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $1,440,000 0.0% $384 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/16/2021 03/16/21 Price Changed $1,440,000 -0.7% $384 / Sq Ft
02/25/2021 02/25/21 Price Changed $1,450,000 -1.7% $386 / Sq Ft
01/20/2021 01/20/21 Price Changed $1,475,000 -0.7% $393 / Sq Ft
10/28/2020 10/28/20 For Sale $1,485,000 +43.5% $396 / Sq Ft
09/18/2019 09/18/19 Sold $1,035,000 -1.3% $276 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
08/13/2019 08/13/19 Price Changed $1,049,000 -2.4% $280 / Sq Ft
07/18/2019 07/18/19 For Sale $1,075,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22186227

California Regional Multiple Listing Service (CRMLS)

APN: 073-071-05