NOT LISTED FOR SALE
9 Beds
5 Baths
4,299 Sq Ft
7,841 Sq Ft Lot

Last Sold March 28, 2022

Last sale price $1,755,000 $408 Per Sq Ft

8 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Living Room
  • Col. J. K. Tuffree Middle School Rated A
  • Double Pane Windows
  • 4-minute walk to Pearl Park

About This Home

As of March 2022

Gorgeous rare gem in Fullerton and perfect opportunity to own a great cash flow investment property. This well-maintained fourplex is located on a large lot of 7,841 sqft, huge 4,299 living sqft with 6 cars garage. There are three units of 2 bedrooms & 1 bathroom and one unit of 3 bedrooms and 2 bathrooms. Tenants took really good care of the units and the owner recently remodeled many major items including dual-pane windows, new kitchen cabinets with granite countertops, new bathtubs with nice tiles and vanities, waterproof vinyl flooring, new interior and exterior paint. Long term, peaceful and cooperative tenants that always pay rent on time. Strong cash flow with total rent of $86,400 per year. Onsite laundry room brings extra income for owner and convenience for tenants. The property has a strong advantage for rental since its close proximity to California State Fullerton and Fullerton College will bring a significant demand for student rental. Also the place is close to schools, malls, churches, banks, 57 and 91 freeways… that will provide the convenience for local residences. The property is sold AS IS, please Do Not Disturb tenants. This beautiful fourplex won’t last long. Hurry before it's gone.

Last Agent to Sell the Property

Luan Nguyen

REALTY SAVERS License #02085342 Listed on: 02/04/2022

Last Buyer's Agent

Stephen Watson

Keller Williams Los Angeles License #01187813

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Rectangular Lot
  • Front Yard

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 4,299 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Living Room
  • Vinyl Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Granite Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 20
  • Tax Tract Number 4995
  • Assessor Parcel Number 33922306
  • $994 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $18,645
  • Operating Expense $24,445
  • Gross Income $1,440
  • Net Operating Income $61,955

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 423750
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 33922306
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 408.23
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Range Hood
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1440.00
  • Gross Operating Income: 86400.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 2200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1440.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 61955.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24445.00
  • Other Income Description: Laundry Income
  • Rent Control: No
  • Total Expenses: 24445.00

Tax Info

  • New Taxes Expense: 18645.00
  • Tax Census Tract: 117.11
  • Tax Lot: 20
  • Tax Tract Number: 4995
  • TaxOtherAnnualAssessmentAmount: 994.00

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
03/28/2022 03/28/22 Sold $1,755,000 +3.5% $408 / Sq Ft
02/12/2022 02/12/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $1,695,000 +61.4% $394 / Sq Ft
04/21/2017 04/21/17 Sold $1,050,000 -4.5% $244 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $1,099,990 -- $256 / 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: PW22023108

California Regional Multiple Listing Service (CRMLS)

APN: 339-223-06