NOT LISTED FOR SALE

2324 Iris Ct Fullerton, CA 92833

4 Beds
2 Baths
3,564 Sq Ft
9,583 Sq Ft Lot

Last Sold March 24, 2016

Last sale price $740,000 $208 Per Sq Ft

15 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2016

*Great Investment Opportunity* Four hard to find single level units with good upside on the rent. Each unit has 2 bedrooms and 1 full bath., inside laundry with private hookups and private courtyard. Each unit has a garage. Units 1 and 2 have a fireplace in the living room. All units have easy to maintain tile flooring. Kitchen and baths have granite counters. Long term tenants in units 2 and 3 have been there 15 plus years. Newest tenant has been there four years. Exterior has been recently painted. Great bread and butter units priced less than $200K per unit.

Last Agent to Sell the Property

Peggy Gray

Seven Gables Real Estate License #00873804 Listed on: 01/24/2016

Seven Gables Real Estate

Last Buyer's Agent

Mark Drenner

Real Estate Establishment Inc. License #00753320

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,583 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,564 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 1111
  • Assessor Parcel Number 07147153

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $384
  • Insurance Expense $3,571
  • Trash Expense $472
  • Water Sewer Expense $5,127
  • Gross Income $4,600
  • Net Operating Income $45,646

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Water Sewer Expenses: 5127.00
  • Property Type: Residential Income
  • Parcel Number: 07147153
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 207.63
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Trash Expense: 472.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 9583.00
  • Price Per Lot Square Foot: 77.22
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 890
  • Electric Expense: 384.00
  • Gross Income: 4600.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 3571.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 45646.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 9554.00
  • Rent Control: No
  • Total Actual Rent: 4600.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 1111

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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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2016 03/24/16 Sold $740,000 -5.1% $208 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
01/24/2016 01/24/16 For Sale $779,500 -- $219 / 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 $10,235 $876,005 $770,828 $105,177
2024 $10,235 $858,829 $755,714 $103,115
2023 $9,983 $841,990 $740,896 $101,094
2022 $9,906 $825,481 $726,369 $99,112
2021 $9,737 $809,296 $712,127 $97,169
2020 $9,682 $800,998 $704,825 $96,173
2019 $9,442 $785,293 $691,005 $94,288
2018 $9,302 $769,896 $677,456 $92,440
2017 $9,149 $754,800 $664,172 $90,628
2016 $4,175 $297,965 $177,806 $120,159
2015 $4,067 $293,490 $175,135 $118,355
2014 $3,956 $287,741 $171,704 $116,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16019746

California Regional Multiple Listing Service (CRMLS)

APN: 071-471-53