NOT LISTED FOR SALE

2401 Clarke Ave Fullerton, CA 92831

Estimated Value: $984,000 - $1,457,000

7 Beds
4 Baths
2,800 Sq Ft
$451/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $1,100,000 $393 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,913/month

36 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • Granite Countertops
  • Troy High School Rated A+
  • Loft
  • Lawn

About This Home

As of February 2022

Attention Investors. Fantastic opportunity to to own this property with great cash flow. Prior to renovation and addition the Property has been successfully rented to students for the past 5 years. How about $7000 income /month? Very conveniently located, 8 minutes walking distance to CAL State Fullerton. Plenty of parking spaces on the property plus a two car garage. The brand new addition of 1100 permitted Sqfeet 2 bedroom, 2 bath, living room and den which could easily be converted into another bedroom. The home has three separate entrances for convenience. This property is also perfect for an Assisted Living Care home. Currently 6 bedrooms easily convertible to 7 bedrooms. Entire house completely updated and looks beautiful.

Last Agent to Sell the Property

Teri Szoke

Pellego, Inc. License #01476029 Listed on: 09/08/2021

Pellego, Inc.

Last Buyer's Agent

Glara Choi

Realty One Group West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,359

Year Built

  • Built in 1954

Lot Details

  • 8,125 Sq Ft Lot
  • Landscaped
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Driveway
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room with Fireplace
  • Loft

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • In-Law or Guest Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 1
  • Tax Tract Number 1611
  • Assessor Parcel Number 03342301

Community Details

Overview

  • No Home Owners Association
  • Fullerton Crest Subdivision

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,359

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Fullerton Crest (FUCR)
  • Water Sewer Expenses: 600.00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 03342301
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: In-Law Floorplan, Granite Counters, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 392.86
  • Room Type: Kitchen, Living Room, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Driveway, Paved, Garage, Guest, Off Street, On Site, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Self Cleaning Oven, Tankless Water Heater, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Near Public Transit
  • Lot Size Sq Ft: 8125.00
  • Lot Size Acres: 0.1865

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8125.0000 Square Feet
  • Net Operating Income: 79300.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 3860.00
  • Rent Control: No
  • Total Expenses: 3860.00

Tax Info

  • Tax Census Tract: 115.02
  • Tax Lot: 1
  • Tax Tract Number: 1611

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Kim Soon A
Bought by
Chapman Marie Llc
Current Estimated Value
$1,263,220

Purchase Details

Closed on
Nov 16, 2021
Sold by
Kim Dcuk
Bought by
Kim Soon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2021
Sold by
Blakely Kevin and Blakely Sandra
Bought by
Kim Soon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2016
Sold by
Shapley Robert D and Somerset Laura
Bought by
Blakely Kevin and Blakely Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,200
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2014
Sold by
Shapley Robert D
Bought by
Shapley Robert D and Robert D Shapley Sr Trust

Purchase Details

Closed on
Jun 15, 2006
Sold by
Shapely Robert D
Bought by
Shapely Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Shapely Robert D
Bought by
Shapely Robert D and Robert D Shapely Sr Living Trust

Purchase Details

Closed on
Jun 25, 1997
Sold by
Shapley Robert D
Bought by
Shapley Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
7.93%
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
Chapman Marie Llc -- None Listed On Document
Kim Soon A -- Pacific Coast Title
Kim Soon A $1,100,000 Pacific Coast Title
Blakely Kevin $444,000 Chicago Title Company
Shapley Robert D -- None Available
Shapely Robert D -- North American Title Co
Shapely Robert D -- --
Shapley Robert D -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Soon A $825,000
Previous Owner Kim Soon A $825,000
Previous Owner Blakely Kevin $484,350
Previous Owner Blakely Kevin $355,200
Previous Owner Shapley Robert D $525,000
Previous Owner Shapley Robert D $195,000
Previous Owner Shapley Robert D $184,000
Previous Owner Shapely Robert D $159,000
Previous Owner Shapley Robert D $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $1,100,000 -4.3% $393 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $1,150,000 +4.5% $411 / Sq Ft
08/04/2021 08/04/21 Off Market $1,100,000 -- --
05/03/2016 05/03/16 Sold $449,000 0.0% $290 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
02/20/2016 02/20/16 For Sale $449,000 0.0% $290 / Sq Ft
02/19/2016 02/19/16 Off Market $449,000 -- --
02/10/2016 02/10/16 For Sale $449,000 0.0% $290 / Sq Ft
02/10/2016 02/10/16 Price Changed $449,000 0.0% $290 / Sq Ft
01/25/2016 01/25/16 Off Market $449,000 -- --
12/08/2015 12/08/15 For Sale $495,000 -- $319 / 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 $12,359 $1,144,440 $867,278 $277,162
2024 $12,359 $1,122,000 $850,272 $271,728
2023 $12,066 $1,100,000 $833,600 $266,400
2022 $7,292 $642,191 $425,093 $217,098
2021 $6,076 $528,772 $416,758 $112,014
2020 $5,579 $480,598 $412,484 $68,114
2019 $5,435 $471,175 $404,396 $66,779
2018 $5,353 $461,937 $396,467 $65,470
2017 $5,265 $452,880 $388,693 $64,187
2016 $845 $53,004 $20,656 $32,348
2015 $824 $52,208 $20,345 $31,863
2014 $801 $51,186 $19,947 $31,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21155765

California Regional Multiple Listing Service (CRMLS)

APN: 033-423-01