NOT LISTED FOR SALE
8 Beds
4 Baths
3,258 Sq Ft
7,405 Sq Ft Lot

Last Sold October 10, 2024

Last sale price $1,300,000 $399 Per Sq Ft

56 Days on Market

Highlights

  • Active Adult
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • No HOA
  • Tile Flooring
  • 4-minute walk to Pearl Park

About This Home

As of October 2024

HUGE PRICE REDUCTION!!! Fully occupied 4-unit multifamily investment property near Cal State Fullerton. All 4 units are 2 bedroom 1 bath. Kitchens have been upgraded with granite countertops and tile flooring. All units have a private patio. Close to the 57 freeway, shopping and dinning.

Last Agent to Sell the Property

Michele Steggell

Allianz Capital Group, Inc. Brokerage Phone: 714-270-4133 License #01780609 Listed on: 07/19/2024

Last Buyer's Agent

Celeste Barnes

Barnes Realty Group License #01417473

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Common Roof
  • Stucco

Interior Spaces

  • 3,258 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Standard Electricity
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 5047
  • Assessor Parcel Number 33922213
  • $1,038 per year additional tax assessments

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,597
  • Maintenance Expense $2,400
  • Trash Expense $631
  • Water Sewer Expense $3,000
  • Operating Expense $7,628
  • Gross Income $6,400
  • Net Operating Income $1,005

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 33922213
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 399.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 631.32
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6400.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1597.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 1005.22
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1005.22
  • Rent Control: No
  • Total Expenses: 7628.32

Tax Info

  • Tax Census Tract: 117.11
  • Tax Lot: 3
  • Tax Tract Number: 5047
  • TaxOtherAnnualAssessmentAmount: 1038.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
10/10/2024 10/10/24 Sold $1,300,000 -3.7% $399 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $1,350,000 -3.2% $414 / Sq Ft
07/19/2024 07/19/24 For Sale $1,395,000 -- $428 / 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 $7,403 $1,300,000 $1,156,397 $143,603
2024 $7,403 $597,921 $439,596 $158,325
2023 $7,269 $586,198 $430,977 $155,221
2022 $7,200 $574,704 $422,526 $152,178
2021 $7,083 $563,436 $414,241 $149,195
2020 $7,093 $557,659 $409,993 $147,666
2019 $6,866 $546,725 $401,954 $144,771
2018 $6,783 $536,005 $394,072 $141,933
2017 $6,676 $525,496 $386,346 $139,150
2016 $6,548 $515,193 $378,771 $136,422
2015 $6,466 $507,455 $373,082 $134,373
2014 $6,280 $497,515 $365,774 $131,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24147851

California Regional Multiple Listing Service (CRMLS)

APN: 339-222-13