NOT LISTED FOR SALE

238 Edward Ave Fullerton, CA 92833

Estimated Value: $845,000 - $1,088,317

4 Beds
2 Baths
1,749 Sq Ft
$547/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $962,000 $550 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,703/month

98 Days on Market

About This Home

As of August 2015

238 & 240 S. Edward Ave. Great income producing property. Two separate home on one lot. Front House is about 797 SF (built in 1948) with a yard and the Back house is about 952 SF (Built in 1961) with a yard. Rent is $1500 and $1550. Separately metered for gas/electric. Gross Annual income of $36500. Great cash flow. Adjacent duplex (244A, 244B S. Edward Ave) can also be sold together (2bed 1ba each). Listing Agent is one of the owners.

Last Agent to Sell the Property

Thomas Nguyen

Real Capital Inc License #01342497 Listed on: 05/07/2015

Last Buyer's Agent

Delight Sittman

ReMax Tiffany Real Estate License #00991161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,784

Year Built

  • Built in 1961

Lot Details

  • 6,738 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,749 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 03003233

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $1,600
  • New Taxes Expense $5,000
  • Gross Income $3,050
  • Net Operating Income $29,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,784

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.60
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Property Type: Residential Income
  • Parcel Number: 03003233
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 550.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6738.00
  • Price Per Lot Square Foot: 142.77
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 3050.00
  • Gross Scheduled Income: 36500.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6738.0000 Square Feet
  • Net Operating Income: 29300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2024
Sold by
Lee Grace S and Lee Raymond S
Bought by
Lee Family Trust and Lee
Current Estimated Value
$956,079

Purchase Details

Listed on
May 7, 2015
Closed on
Oct 15, 2015
Sold by
Nauli Sehat and Chan Nauli Melissa
Bought by
Cna Edward Llc
Seller's Agent
Thomas Nguyen
Real Capital Inc
Buyer's Agent
Delight Sittman
ReMax Tiffany Real Estate
List Price
$525,000
Sold Price
$962,000
Premium/Discount to List
$437,000
83.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.06%

Purchase Details

Listed on
May 7, 2015
Closed on
Aug 5, 2015
Sold by
Fomo Investments Llc
Bought by
Nauli Sehat and Chan Nauli Melissa
Seller's Agent
Thomas Nguyen
Real Capital Inc
Buyer's Agent
Delight Sittman
ReMax Tiffany Real Estate
List Price
$525,000
Sold Price
$962,000
Premium/Discount to List
$437,000
83.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2014
Sold by
Tran Binh Quoc
Bought by
Fomo Investments Llc

Purchase Details

Listed on
Mar 28, 2013
Closed on
May 14, 2013
Sold by
Todd John M
Bought by
Tran Binh Quoc
Seller's Agent
Laura Dominguez
Century 21 Cornerstone
Buyer's Agent
Thomas Nguyen
Real Capital Inc
List Price
$770,000
Sold Price
$610,000
Premium/Discount to List
-$160,000
-20.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%

Purchase Details

Closed on
Nov 22, 2010
Sold by
Todd James E
Bought by
Todd James E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lee Family Trust -- Orange Coast Title
Cna Edward Llc -- None Available
Nauli Sehat $481,000 Fidelity National Title Co
Fomo Investments Llc -- Orange Coast Title Company
Tran Binh Quoc $610,000 Fidelity National Title
Todd James E -- None Available
Todd James E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nauli Sehat $360,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2015 08/21/15 Sold $962,000 +83.2% $550 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $525,000 -13.9% $300 / Sq Ft
06/19/2013 06/19/13 Sold $610,000 -20.8% $167 / Sq Ft View Prior Sale
05/08/2013 05/08/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $770,000 -- $211 / 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 $7,784 $692,699 $616,675 $76,024
2024 $7,784 $679,117 $604,583 $74,534
2023 $6,337 $547,292 $477,956 $69,336
2022 $6,292 $536,561 $468,584 $67,977
2021 $6,184 $526,041 $459,396 $66,645
2020 $6,149 $520,648 $454,686 $65,962
2019 $5,993 $510,440 $445,771 $64,669
2018 $5,904 $500,432 $437,031 $63,401
2017 $5,807 $490,620 $428,462 $62,158
2016 $5,688 $481,000 $420,060 $60,940
2015 $5,373 $458,991 $396,834 $62,157
2014 $3,701 $306,384 $248,031 $58,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15097294

California Regional Multiple Listing Service (CRMLS)

APN: 030-032-33