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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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