Seller's Agent in 2023
Alexander Duarte
First Team Real Estate
(714) 376-9253
3 in this area
70 Total Sales
225 W Knepp Ave Fullerton, CA 92832
2
Beds
1
Bath
3,752
Sq Ft
6,392
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- Front Yard
- Fullerton Union High School Rated A
- Landscaped
About This Home
As of February 2023The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern California. The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles.
The property offers an attractive unit mix comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 square foot lot. The subject property has recently 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, 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. This offering represents a rare opportunity for an investor to acquire a 4.41% Cap Rate / 6.61% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 10/28/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,392 Sq Ft Lot
- No Common Walls
- Landscaped
- Front Yard
Parking
- 1 Open Parking Space
- 4 Car Garage
Interior Spaces
- 3,752 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 2644
- Assessor Parcel Number 07307105
Community Details
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $2,000
- Insurance Expense $1,590
- Trash Expense $2,000
- Water Sewer Expense $2,000
- New Taxes Expense $16,494
- Operating Expense $28,304
- Gross Income $93,720
- Net Operating Income $63,541
Additional Features
- 4 Units
- Laundry Facilities
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
Average Home Value in this Area
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
Agents Affiliated with this Home
-
Alexander Duarte
-
L
Seller Co-Listing Agent in 2023
Leo Quinones
First Team Real Estate
-
Naresh Sakhrani
Buyer's Agent in 2023
Naresh Sakhrani
The IVRI Group, Inc.
(714) 507-0734
1 in this area
27 Total Sales
-
Greg Bassirpou
Seller's Agent in 2021
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
2 in this area
31 Total Sales
-
Brad New
Seller's Agent in 2019
Brad New
Vanguard Property Group
(714) 446-0100
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20228047
APN: 073-071-05
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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