NOT LISTED FOR SALE

227 N Berkeley Ave Fullerton, CA 92831

4 Beds
4 Baths
3,476 Sq Ft
7,792 Sq Ft Lot

Last Sold March 15, 2013

Last sale price $835,000 $240 Per Sq Ft

4 Days on Market

Highlights

  • End Unit
  • Laundry Room
  • Back Yard
  • Fullerton Union High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of March 2013

Located less than 100 yards from Fullerton College, this 4 unit property with low maintenance makes for a great investment for any owner. Originally used as a duplex with mirrored vintage style units in the front of the lot, a garage structure with 2 loft style units were added in the rear of the property in 1978. Each loft unit has a spiral staircase inside to access the finished loft as well as a balcony. These units also have a beautiful common courtyard complete with pergola and community BBQ area. Each unit not only has their own private 1 car garage, but also an assigned onsite parking spot. This building will not last long. 6.4% CAP!

Last Agent to Sell the Property

Aaron Mills

Compass Newport Beach License #01294828 Listed on: 02/25/2013

Compass Newport Beach

Co-Listed By

Brigid Ricker

Circa Properties, Inc. License #01233074

Last Buyer's Agent

Aaron Mills

Compass Newport Beach License #01294828 Listed on: 02/25/2013

Compass Newport Beach

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,792 Sq Ft Lot
  • End Unit
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,476 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 46
  • Tax Tract Number 350
  • Assessor Parcel Number 03312116

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $75
  • Gardener Expense $960
  • Insurance Expense $1,239
  • Maintenance Expense $4,918
  • Trash Expense $1,140
  • Water Sewer Expense $1,368
  • New Taxes Expense $7,006
  • Net Operating Income $54,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.40
  • Property Attached: Yes
  • Water Sewer Expenses: 1368.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 03312116
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: End Unit
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 240.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Trash Expense: 1140.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7792.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 75.00
  • Gross Multiplier: 13.62
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1239.00
  • Lot Size Area: 7792.0000 Square Feet
  • Maintenance Expense: 4918.00
  • Net Operating Income: 54400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 5200.00

Tax Info

  • New Taxes Expense: 7006.00
  • Tax Lot: 46
  • Tax Tract Number: 350
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2013 03/15/13 Sold $835,000 -1.8% $240 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $850,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Aaron Mills

    Seller's Agent in 2013

    Aaron Mills

    Compass Newport Beach

    (714) 270-2424

    85 Total Sales

    Aaron Mills
    Section Image
  • Brigid Ricker

    Seller Co-Listing Agent in 2013

    Brigid Ricker

    Circa Properties, Inc.

    (714) 865-8195

    67 Total Sales

    Brigid Ricker
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13030045

California Regional Multiple Listing Service (CRMLS)

APN: 033-121-16

California Orange County Fullerton 92831

227 N Berkeley Ave, Fullerton, CA

Not Listed for Sale

MultiFamily

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