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

Last Sold September 26, 2023

Last sale price $1,450,000 $445 Per Sq Ft

177 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 1-minute walk to Pearl Park
  • Col. J. K. Tuffree Middle School Rated A
  • Forced Air Heating System

About This Home

As of September 2023

Back on market! Fell out of escrow by no fault of property-- property is in good condition. This is a fully occupied 4 Unit property located in the city of Fullerton near Cal State Fullerton, Target, Brea Mall, 57 frwy, etc in stable rental neighborhood. This investment offers an owner occupier or investor a chance to acquire a low maintenance rental property in a high demand rental market. This entire property is comprised of a 3,258 SF building with (4) 2/1 units, each with their own private patios, and garages in the back for secured parking and storage. All of the units are long term tenant on a m/m, and offer huge opportunity for a new investor to increase cash flow. Great Location in Fullerton in North Orange County near Yorba Linda, Placentia, Brea, Anaheim, Angels Stadium, CSUF and JR College, Shopping centers and 57 Freeway.

Last Agent to Sell the Property

Brad New

Vanguard Property Group License #01347742 Listed on: 03/03/2023

Co-Listed By

Ed Diaz

Vanguard Property Group License #01022469

Last Buyer's Agent

Hai Pham

Realty Solutions License #01831999

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,258 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 5047
  • Assessor Parcel Number 33922502
  • $1,006 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Bluffs Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $23,920
  • Gross Income $72,961
  • Net Operating Income $71,761

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bluffs (BLUF)
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 33922502
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 445.06

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Two Door
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999, Sprinklers In Front
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 72961.00
  • Gross Operating Income: 95681.00
  • Gross Scheduled Income: 98640.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 100.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 71761.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 23920.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Expenses: 23920.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 117.11
  • Tax Lot: 15
  • Tax Tract Number: 5047
  • TaxOtherAnnualAssessmentAmount: 1006.00

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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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 Prior Sale
09/26/2023 09/26/23 Sold $1,450,000 -3.0% $445 / Sq Ft
08/27/2023 08/27/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $1,495,000 +3.1% $459 / Sq Ft
05/30/2023 05/30/23 Off Market $1,450,000 -- --
05/08/2023 05/08/23 Price Changed $1,495,000 -2.2% $459 / Sq Ft
03/03/2023 03/03/23 For Sale $1,529,000 +31.5% $469 / Sq Ft
03/27/2019 03/27/19 Sold $1,162,500 -1.9% $357 / Sq Ft View Prior Sale
12/31/2018 12/31/18 For Sale $1,185,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23035843

California Regional Multiple Listing Service (CRMLS)

APN: 339-225-02