NOT LISTED FOR SALE

2304 E Santa fe Ave Fullerton, CA 92831

6 Beds
6 Baths
3,882 Sq Ft
10,216 Sq Ft Lot Lot

Sale Details

Date Sold: January 14, 2016

Last sale price $1,150,000 $296 Per Sq Ft

40 Days on Market

Highlights

  • Private Yard
  • Troy High School Rated A+
  • No HOA

About This Home

As of January 2016

The Palm Court Apartments, a 6-unit multi-family community located on a quiet residential street in the City of Fullerton. The building is comprised of six one bedroom one bathroom units that sit on a large 10,216 square foot lot. Individually metered for both gas and electricity, the subject property offers tenants garages, on-site laundry room and spacious grounds. The property was recently renovated and is minutes to Cal State Fullerton and
Downtown District.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 09/24/2015

Last Buyer's Agent

Michael Lawton

Lawton R.E. Services License #00475288

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 10,216 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 6 Car Garage

Home Design

  • 3,882 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 2016
  • Assessor Parcel Number 26907110

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $4,000
  • Professional Management Expense $50
  • Trash Expense $2,000
  • Water Sewer Expense $2,500
  • New Taxes Expense $13,540
  • Gross Income $6,570
  • Net Operating Income $52,423

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

10,216 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 50.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 26907110
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 296.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 10216.00
  • Price Per Lot Square Foot: 112.57
  • Lot Size Acres: 0.2350

Multi Family

  • Average1 Bed Area: 650
  • Electric Expense: 750.00
  • Gross Income: 6570.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 80540.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 10216.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 52423.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 26540.00
  • Rent Control: No
  • Total Actual Rent: 6570.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 13540.00
  • Tax Lot: 19
  • Tax Tract Number: 2016
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2016 01/14/16 Sold $1,150,000 -0.9% $296 / Sq Ft
11/03/2015 11/03/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $1,160,000 +22.1% $299 / Sq Ft
03/06/2015 03/06/15 Sold $950,000 -4.0% $245 / Sq Ft View Prior Sale
11/06/2014 11/06/14 Pending -- -- --
09/23/2014 09/23/14 For Sale $989,900 -- $255 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,838 $1,361,364 $964,796 $396,568
2024 $15,838 $1,334,671 $945,878 $388,793
2023 $15,449 $1,308,501 $927,331 $381,170
2022 $15,332 $1,282,845 $909,148 $373,697
2021 $15,070 $1,257,692 $891,322 $366,370
2020 $14,984 $1,244,796 $882,182 $362,614
2019 $14,611 $1,220,389 $864,885 $355,504
2018 $14,394 $1,196,460 $847,926 $348,534
2017 $14,157 $1,173,000 $831,300 $341,700
2016 $11,860 $964,487 $670,065 $294,422
2015 $10,272 $831,471 $656,607 $174,864
2014 $9,983 $815,184 $643,745 $171,439
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15211565

California Regional Multiple Listing Service (CRMLS)

APN: 269-071-10

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