NOT LISTED FOR SALE

268 E Walnut Way Fullerton, CA 92832

Downtown Fullerton Neighborhood

Estimated Value: $929,000 - $1,035,000

5 Beds
3 Baths
2,208 Sq Ft
$446/Sq Ft Est. Value

Last Sold September 25, 2024

Last sale price $975,000 $442 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,704/month

49 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating System
  • Fullerton Union High School Rated A-
  • Tile Flooring
  • 1-Story Property

About This Home

As of September 2024

Two-on-a-lot with 2 separate 2 car garages with alley access behind the dwelling units. This duplex sits on a massive 12,532 sqft lot and can be purchased with the mirrored duplex next door at 260 E Walnut Way. Located just blocks from all of the wonderful retail in Downton Fullerton and ~1 Mile from the 91 Freeway, these units are desirable for tenants. The front unit has 2 bedrooms and one bathroom with a total floor space of ~975 sqft. The back unit features 3 large bedrooms and 2 bathrooms with a total floor space of ~1230 sqft. Both units are separately metered for electricity and gas, have their own in unit laundry, and have private yard/patio spaces for tenants to enjoy. The garages are detached, large and have high ceilings for great ADU potential.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-867-1183 License #01908153 Listed on: 06/27/2024

Co-Listed By

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-867-1183 License #02035659

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.29 Acre Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,208 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 1 / 46
  • Tax Tract Number 276
  • Assessor Parcel Number 03304415
  • $522 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,864
  • Pest Control $1,200
  • Professional Management Expense $2,722
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $12,438
  • Operating Expense $26,685
  • Gross Income $57,300
  • Net Operating Income $27,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2722.00
  • Property Attached: No
  • Subdivision Name Other: /
  • Water Sewer Expenses: 720.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 03304415
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 441.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: 220 Volts
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12532.00
  • Lot Size Acres: 0.2877

Multi Family

  • Gross Income: 57300.00
  • Gross Operating Income: 54435.00
  • Gross Scheduled Income: 59700.00
  • Insurance Expense: 3864.00
  • Lot Size Area: 12532.0000 Square Feet
  • Net Operating Income: 27750.00
  • 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: 26685.00
  • Rent Control: Yes
  • Total Expenses: 26685.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12438.00
  • Tax Block: 46
  • Tax Census Tract: 116.02
  • Tax Lot: 1
  • Tax Tract Number: 276
  • TaxOtherAnnualAssessmentAmount: 522.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Aug 20, 2024
Sold by
2020 Sekhon Trust and Haft Stacey
Bought by
Tran Tuan M and Nguyen Anne V
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
104
Current Estimated Value
$984,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,989
Avg. Annual Appreciation
0.85%
Original Mortgage
$375,000
Outstanding Balance
$370,438
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$614,551

Purchase Details

Closed on
Apr 24, 2024
Sold by
Sekhon Kalwant S and Haft Stacey
Bought by
2020 Sekhon Trust and Haft

Purchase Details

Closed on
Sep 21, 2022
Sold by
Kalvinder And Jennifer Sekhon Trust
Bought by
Sekhon Kalwant S

Purchase Details

Closed on
Sep 19, 2022
Sold by
Sekhon-Drwila Trust
Bought by
Sekhon Kalwant S

Purchase Details

Closed on
Feb 4, 2020
Sold by
Sekhon Sharon E
Bought by
Sekhon Sharon E and Drwila Robert E

Purchase Details

Closed on
Dec 4, 2019
Sold by
Sekhon Kalvinder S
Bought by
Sekhon Kalvinder S and Sekhon Jennifer L

Purchase Details

Closed on
Mar 5, 2019
Sold by
Sekhon Kalwant Singh
Bought by
Sekhon Kalwant S and Sekhon Sharon E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tran Tuan M $975,000 Fidelity National Title
2020 Sekhon Trust -- None Listed On Document
2020 Sekhon Trust -- None Listed On Document
Sekhon Kalwant S -- None Listed On Document
Sekhon Kalwant S -- None Listed On Document
Sekhon Sharon E -- None Available
Sekhon Kalvinder S -- None Available
Sekhon Kalwant S -- None Available
Sekhon Kalwant Singh -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Tuan M $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2024 09/25/24 Sold $975,000 -2.0% $442 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $995,000 -- $451 / 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 $6,334 $554,028 $362,590 $191,438
2024 $6,334 $543,165 $355,480 $187,685
2023 $6,180 $532,515 $348,510 $184,005
2022 $6,135 $522,074 $341,676 $180,398
2021 $6,030 $511,838 $334,977 $176,861
2020 $4,108 $332,705 $128,725 $203,980
2019 $2,762 $210,454 $49,398 $161,056
2018 $2,722 $206,328 $48,429 $157,899
2017 $2,678 $202,283 $47,480 $154,803
2016 $2,625 $198,317 $46,549 $151,768
2015 $2,556 $195,339 $45,850 $149,489
2014 $2,486 $191,513 $44,952 $146,561
Source: Public Records

Agents Affiliated with this Home

  • Anthony Walker

    Seller's Agent in 2024

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    90 Total Sales

    Anthony Walker
    Section Image
  • Josh Ess

    Seller Co-Listing Agent in 2024

    Josh Ess

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    37 Total Sales

    Josh Ess
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    3 in this area

    6,147 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24130241

California Regional Multiple Listing Service (CRMLS)

APN: 033-044-15

California Orange County Fullerton 92832 Downtown Fullerton

268 E Walnut Way, Fullerton, CA

Not Listed for Sale

MultiFamily

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