NOT LISTED FOR SALE

300 N Mountain View Place Unit 1 - 7 Fullerton, CA 92831

3 Beds
3 Baths
4,327 Sq Ft
8,712 Sq Ft Lot

Last Sold November 08, 2019

Last sale price $1,880,000 $434 Per Sq Ft

39 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Troy High School Rated A+

About This Home

As of November 2019

*Great Orange County Location in the City of Fullerton. The Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. Two-Story 7-Unit Apartment Building is Located in a Quiet and Rental Desirable Neighborhood in the City of Fullerton. Corner Lot which is At The Corner of 300 N. Mountain View Place & 2001 E. Wilshire Avenue. Inside Total 4,327 Sq.ft. Newer Paint. Newer Windows and Most of the Units have been Fully Renovated. All One Bedroom with One Bath, Monthly Rent ( $1,595 /$ 1,450 /$ 1,450 /$ 1,595 /$ 1,450 /$1,450 /$1,495) with Individually Meters for Gas And Electricity. Annual Gross Income Approx. $ 125,820, Annual Expense includes Property Tax, Insurance is Approx. $ 36,732. Annual Net Operating Income Approx. $ 89,088. Performa Annual Rental Income will be $ 137,820. Landlord Only Pays the Water/Trash /Laundry Gas/Gardener/Property Tax /Insurance. Separate On-Site Coin-Operated Laundromat For Addition Laundry Income. Detached 7 Enclosed Single-Car Garages on the Side which can be Rented $100 Per Month Additional for Extra Rental Income. School Across the Street. Short Distance to Cal State Fullerton, 57 FWY & 91 FWY, Schools, Shopping, Restaurants & Parks.Tenants with a " Month-To-Month "Rental Agreement Which Provides An Investor the Opportunity to Adjust the Rent. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*

Last Agent to Sell the Property

Teresa Wang

Century Commercial RE Services License #01772547 Listed on: 09/06/2019

Last Buyer's Agent

Sheng Wang

Century 21 Care License #01772547

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1958

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 7 Car Garage

Home Design

  • 4,327 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 2807
  • Assessor Parcel Number 26909308

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $586
  • Fuel Expense $1,602
  • Gardener Expense $1,200
  • Insurance Expense $4,500
  • Professional Management Expense $4,200
  • Trash Expense $1,277
  • Water Sewer Expense $3,847
  • New Taxes Expense $19,520
  • Operating Expense $36,732
  • Gross Income $125,820
  • Net Operating Income $89,088

Property Details

Home Type

Apartment

Year Built

Built in 1958

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • CapRate: 4.60
  • Other Phone Description: 626-500-5789
  • Professional Management Expense: 4200.00
  • Property Attached: No
  • Water Sewer Expenses: 3847.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 26909308
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 434.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1277.00
  • 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: Corner Lot
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Electric Expense: 586.00
  • Fuel Expense: 1602.00
  • Gross Income: 125820.00
  • Gross Scheduled Income: 125820.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 89088.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 36732.00
  • Rent Control: No
  • Total Actual Rent: 10485.00
  • Total Expenses: 36732.00

Tax Info

  • New Taxes Expense: 19520.00
  • Tax Lot: 33
  • Tax Tract Number: 2807

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 List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $1,880,000 -2.8% $434 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
09/06/2019 09/06/19 For Sale $1,935,000 -- $447 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Teresa Wang

    Seller's Agent in 2019

    Teresa Wang

    Century Commercial RE Services

    (626) 500-5789

    24 Total Sales

    Teresa Wang
    Section Image

  • S

    Buyer's Agent in 2019

    Sheng Wang

    Century 21 Care

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19213080

California Regional Multiple Listing Service (CRMLS)
California Orange County Fullerton 92831

300 N Mountain View Place Unit 1 - 7, Fullerton, CA

This home is located at 300 N Mountain View Place Unit 1 - 7, Fullerton, CA 92831 since 06 September 2019. This property was built in 1958. 300 N Mountain View Place Unit 1 - 7 is a home located in Orange County with nearby schools including Commonwealth 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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