NOT LISTED FOR SALE

229 E Valencia Dr Unit A-C Fullerton, CA 92832

Downtown Fullerton Neighborhood

Estimated Value: $929,000 - $1,772,996

6 Beds
3 Baths
2,900 Sq Ft
$488/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $1,365,000 $471 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,047/month

112 Days on Market

About This Home

As of January 2021

Exciting investment opportunity! This modern and fully remodeled triplex will inspire anyone looking for a smart investment in an excellent area. The three units are light-filled and immaculate with on-trend finishes throughout, conveniently located within a short distance many would take advantage of from CalState Fullerton, Fullerton College, and Downtown Fullerton. All of the units have new gas and electrical, metered individually. Unit A sits at the front of the lot and offers two bedrooms, one full bathroom and open-plan living, dining and kitchen area within the 1,227 approx. sq ft. layout. It's also equipped with a one-car garage, a two-car carport, and a driveway with even more parking space. Unit B is set in the middle and offers 800 approx. sq ft, including two bedrooms, one full bathroom, open-plan living, dining and kitchen, plus a two-car garage. Unit C is brand new construction and set at the rear of the lot, elevated above the brand new four-car garage. Two bedrooms, one full bathroom, plus a living room, dining area and kitchen await the new resident of this 873 approx. sq ft, unit. Come see it all before it's gone for good!

Last Agent to Sell the Property

Alex Ortiz

RE/MAX TIME REALTY License #01413027 Listed on: 07/13/2020

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,250

Year Built

  • Built in 1955

Lot Details

  • 6,233 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 5 Car Garage
  • 2 Carport Spaces

Home Design

  • 2,900 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 587
  • Assessor Parcel Number 03305316

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,250

Year Built

Built in 1955

Lot Details

0

Parking

5

Listing Details

  • Inclusions: Units can be sold furnished.
  • Property Attached: No
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 03305316
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 470.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6233.00
  • Lot Size Acres: 0.1431
  • Latitude Manual: 33.86640600

Multi Family

  • Lot Size Area: 6233.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 116.02
  • Tax Lot: 1
  • Tax Tract Number: 587

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Nov 23, 2020
Sold by
Limon Gerardo
Bought by
Daniel Kenny and Daniel Leah
Seller's Agent
Alex Ortiz
RE/MAX TIME REALTY
List Price
$1,500,000
Sold Price
$1,365,000
Premium/Discount to List
-$135,000
-9%
Total Days on Market
112
Current Estimated Value
$1,414,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,749
Avg. Annual Appreciation
-0.04%
Original Mortgage
$975,000
Outstanding Balance
$883,892
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$478,385

Purchase Details

Closed on
Oct 10, 2017
Sold by
Martinez Edward
Bought by
Limon Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2005
Sold by
Martinez Edward and Martinez Edward James
Bought by
Martinez Edward
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Daniel Kenny $1,365,000 Chicago Title Company
Limon Gerardo $500,000 Old Republic Title Co
Martinez Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniel Kenny $975,000
Previous Owner Limon Gerardo $150,000
Previous Owner Limon Gerardo $900,000
Previous Owner Gerardo V $66,666
Previous Owner Limon Gerardo $66,666
Previous Owner Linnon Gerardo $66,666
Previous Owner Limon Gerardo $375,000
Previous Owner Martinez Edward $201,600
Previous Owner Martinez Edward $210,000
Previous Owner Martinez Edward James $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $1,365,000 -4.5% $471 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/23/2020 10/23/20 Price Changed $1,430,000 -4.7% $493 / Sq Ft
08/20/2020 08/20/20 For Sale $1,500,000 +9.9% $517 / Sq Ft
08/19/2020 08/19/20 Off Market $1,365,000 -- --
07/13/2020 07/13/20 For Sale $1,500,000 -- $517 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $16,250 $1,477,518 $1,170,463 $307,055
2024 $16,250 $1,448,548 $1,147,513 $301,035
2023 $15,861 $1,296,000 $1,006,653 $289,347
2022 $15,761 $1,392,300 $1,102,953 $289,347
2021 $8,932 $758,148 $493,857 $264,291
2020 $8,882 $750,375 $488,793 $261,582
2019 $6,942 $576,511 $479,209 $97,302
2018 $5,899 $500,000 $469,812 $30,188
2017 $924 $40,628 $18,212 $22,416
2016 $909 $39,832 $17,855 $21,977
2015 $889 $39,234 $17,587 $21,647
2014 $867 $38,466 $17,243 $21,223
Source: Public Records

Agents Affiliated with this Home

  • Alex Ortiz

    Seller's Agent in 2021

    Alex Ortiz

    RE/MAX

    (949) 774-8692

    1 in this area

    55 Total Sales

    Alex Ortiz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20138112

California Regional Multiple Listing Service (CRMLS)

APN: 033-053-16

California Orange County Fullerton 92832 Downtown Fullerton

229 E Valencia Dr Unit A-C, Fullerton, CA

This home is located at 229 E Valencia Dr Unit A-C, Fullerton, CA 92832 since 13 July 2020 and is currently estimated at $1,414,749, approximately $487 per square foot. This property was built in 1955. 229 E Valencia Dr Unit A-C is a home located in Orange County with nearby schools including Maple Elementary School, Ladera Vista Junior High School, and Fullerton Union High School.

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California Regional Multiple Listing Service (CRMLS) 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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