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
  • 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
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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

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 $23,367 $2,056,052 $1,917,162 $138,890
2024 $23,367 $2,015,738 $1,879,571 $136,167
2023 $22,798 $1,976,214 $1,842,716 $133,498
2022 $22,637 $1,937,465 $1,806,584 $130,881
2021 $22,248 $1,899,476 $1,771,161 $128,315
2020 $22,124 $1,880,000 $1,753,000 $127,000
2019 $19,121 $1,616,700 $1,020,000 $596,700
2018 $15,092 $1,238,974 $915,764 $323,210
2017 $14,845 $1,214,681 $897,808 $316,873
2016 $14,544 $1,190,864 $880,204 $310,660
2015 $14,149 $1,172,977 $866,983 $305,994
2014 $9,114 $711,838 $556,201 $155,637
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19213080

California Regional Multiple Listing Service (CRMLS)