NOT LISTED FOR SALE

2655 Andover Ave Unit 1-4 Fullerton, CA 92831

Cal State Fullerton Neighborhood
9 Beds
7 Baths
4,314 Sq Ft
7,405 Sq Ft Lot

Last Sold October 16, 2019

Last sale price $1,380,000 $320 Per Sq Ft

15 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 6 Car Garage
  • Troy High School Rated A+

About This Home

As of October 2019

This 4plex investment opportunity is uniquely located in the highly-rated Troy High School district and is a quick stroll or roll to Cal State Fullerton University. Not located in Fraternity Row. This is a solid income producing unit mix of one 3 bedroom/2 bath, two townhouse-style 2 bedroom/1.5 baths and one 2 bedroom/1 bath unit above the garages. The smart building layout means that there aren’t any stacked units.
Each unit features private patio space and parking includes 6 garages plus 4 parking spots in front of the garages. The convenient onsite laundry room generates additional income. Units are separately metered for gas and electric. A rehab project on the slab foundation was just completed and the contractor includes a 30-year warranty.
There is convenient nearby access to the 57 within in a mile. There is big upside in rents and all residents are currently month-to-month. This building could potentially be operated as a turnkey co-living space to dramatically increase income.

Last Agent to Sell the Property

Christian Walsh

Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 08/15/2019

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Jon Pugh

eXp Realty of California License #01409210

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,314 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 4759
  • Assessor Parcel Number 33709110

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $331
  • Fuel Expense $632
  • Gardener Expense $600
  • Insurance Expense $2,377
  • Maintenance Expense $877
  • Trash Expense $503
  • Water Sewer Expense $3,019
  • New Taxes Expense $15,137
  • Operating Expense $23,516
  • Gross Income $82,620
  • Net Operating Income $59,104

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: University Villas (UNIV)
  • Water Sewer Expenses: 3019.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 33709110
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 319.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 503.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 331.00
  • Fuel Expense: 632.00
  • Gross Income: 82620.00
  • Gross Scheduled Income: 82620.00
  • Insurance Expense: 2377.00
  • Laundry Income: 900.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 877.00
  • Net Operating Income: 59104.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23516.00
  • Rent Control: No
  • Total Actual Rent: 81720.00
  • Total Expenses: 23516.00

Tax Info

  • New Taxes Expense: 15137.00
  • Tax Census Tract: 117.08
  • Tax Lot: 24
  • Tax Tract Number: 4759

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2019 10/16/19 Sold $1,380,000 -1.4% $320 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $1,399,000 -- $324 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christian Walsh

    Seller's Agent in 2019

    Christian Walsh

    Berkshire Hathaway HomeServices California Properties

    (949) 677-3466

    86 Total Sales

    Section Image
  • Jon Pugh

    Seller Co-Listing Agent in 2019

    Jon Pugh

    eXp Realty of California

    (949) 423-6911

    33 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,761 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19192263

California Regional Multiple Listing Service (CRMLS)

California Orange County Fullerton 92831 Cal State Fullerton

2655 Andover Ave Unit 1-4, Fullerton, CA

This home is located at 2655 Andover Ave Unit 1-4, Fullerton, CA 92831 since 15 August 2019. This property was built in 1964. 2655 Andover Ave Unit 1-4 is a home located in Orange County with nearby schools including Rolling Hills Elementary School, Ladera Vista Junior High School, and Troy High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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