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

Last Sold January 08, 2018

Last sale price $1,415,000 $434 Per Sq Ft

3 Days on Market

Highlights

  • No Units Above
  • Two Primary Bedrooms
  • Property is near public transit
  • Col. J. K. Tuffree Middle School Rated A
  • Open Floorplan
  • 4-minute walk to Pearl Park

About This Home

As of January 2018

INVESTOR'S DREAM RIGHT HERE! TURNKEY, TURNKEY!! Bring your investors who are looking for an extremely turnkey property in one of east Fullerton's most popular rental areas. This property has been completely remodeled, floor to ceiling and all 4 units are in impeccable condition. The pictures speak for themselves, but to provide you with some details the building upgrades include but are not limited to: new upgraded flooring, custom interior and exterior paint throughout, brand new doors, windows (vinyl dual pane) and trim, all new bathrooms with custom tiled walls and tubs and granite counters, new toilets and plumbing fixtures throughout, brand new kitchens with custom granite and glass mosaic backsplashes, stainless steel upgraded appliances including fridges, central heat and air to all units (controlled individually by each unit), brand new concrete patios with vinyl privacy fencing in between units and privacy wrought iron gates at entry, ceiling fans throughout bedrooms and living rooms throughout, brand new front doors, brand new garage doors (a total of 3 2-car garages, one garage is split with a pony wall to accommodate cars for tenants in all 4 units), and an on-site laundry facility with coin-op washer and dryer (security door with key for tenants only). These units are BY FAR the most impeccable units you'll find for rent in one of the most highly rented areas of Fullerton. Walking distance to Topaz Elementary School. CAP RATE OF 5%!! This will be gone FAST!

Last Agent to Sell the Property

Veronica Bertrand

Red Diamond Realty License #01903853 Listed on: 10/26/2017

Last Buyer's Agent

NICOLE CASTILLO

THE REAL ESTATE LINK License #01446446

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wrought Iron Fence
  • Privacy Fence
  • Vinyl Fence
  • Wood Fence
  • Block Wall Fence
  • New Fence
  • Landscaped

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,258 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Panel Doors
  • Entryway
  • Family Room
  • Storage
  • Vinyl Flooring

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Jack-and-Jill Bathroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 5047
  • Assessor Parcel Number 33922314

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $600
  • Insurance Expense $1,350
  • Trash Expense $1,320
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,765
  • Operating Expense $15,435
  • Gross Income $86,160
  • Net Operating Income $70,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 1800.00
  • Zoning: R-3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 33922314
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Bar, Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Storage
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 434.32
  • Room Type: Entry, Family Room, Jack & Jill, Kitchen, Two Masters
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Excellent Condition, New Condition, Privacy, Vinyl, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Fuel Expense: 600.00
  • Gross Income: 86160.00
  • Gross Scheduled Income: 86160.00
  • Insurance Expense: 1350.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 960.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 70725.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15435.00
  • Other Income Description: Washer/dryer
  • Rent Control: No
  • Total Actual Rent: 1800.00
  • Total Expenses: 15435.00

Tax Info

  • New Taxes Expense: 9765.00
  • Tax Census Tract: 117.11
  • Tax Lot: 7
  • Tax Tract Number: 5047

Range of Values:

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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 Change Sq Ft Price
01/08/2018 01/08/18 Sold $1,415,000 -0.7% $434 / Sq Ft
10/29/2017 10/29/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $1,425,000 +53.2% $437 / Sq Ft
04/28/2017 04/28/17 Sold $930,000 -3.1% $285 / Sq Ft
01/13/2017 01/13/17 Pending -- -- --
11/09/2016 11/09/16 Price Changed $959,999 0.0% $295 / Sq Ft
11/01/2016 11/01/16 For Sale $960,000 -- $295 / 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: PW17230316

California Regional Multiple Listing Service (CRMLS)

APN: 339-223-14