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

Sale Details

Date Sold: October 10, 2024

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

56 Days on Market

Highlights

  • Active Adult
  • Tile Flooring
  • Rectangular Lot
  • No HOA
  • Central Heating
  • 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

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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

7,405 Sq Ft Lot

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cal State Fullerton, CA

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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
$1,300,000 Chicago Title
Motadi Holdings Iii Llc -- None Listed On Document
Motadi Mehdi -- Ticor Title Company Of Ca
Motadi Mehdi -- None Available
Motadi Mehdi -- American Title Co
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
Previous Owner $3,300,000
Previous Owner Motadi Mehdi $250,000
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
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

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
2026 $14,890 $1,326,000 $1,179,525 $146,475
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

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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

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