NOT LISTED FOR SALE

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

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

Sale Details

Date Sold: November 8, 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

8,712 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Nov 4, 2019
Sold by
Bought by
Seller's Agent
Teresa Wang
Century Commercial RE Services
Buyer's Agent
Teresa Wang
Century Commercial RE Services
List Price
$1,935,000
Sold Price
$1,880,000
Premium/Discount to List
-$55,000
-2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
0.0446%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
0.0432%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,880,000 Pacific Coast Title Company
$1,585,000 Pacific Coast Title Co
$1,150,000 Ticor Title
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $950,000
Previous Owner $730,000
Previous Owner $690,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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