NOT LISTED FOR SALE

Estimated Value: $764,589 - $895,000

2 Beds
1 Bath
588 Sq Ft
$1,364/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $644,000 $1,095 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,874/month

25 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Fullerton Union High School Rated A-
  • Rectangular Lot
  • 3-minute walk to Richman Park

About This Home

As of September 2022

This Single Family house was once a farm house. It is located close to downtown Fullerton and easy access to major streets and freeways.
This opportunity is a true value add. With 7,300 square feet, for the right investor with vision - a duplex or triplex could be added.
Neighboring properties are multi family units as you can see from the last picture. Current tenants have been there for over 20 years and have taken very good care of the landscaping. Several fruit trees including Orange, Guava, Lime, and a large Avocado tree throughout the property.

A true value add opportunity to develop a single family home, duplex, or triplex (subject to City approval). Several Mature fruit trees throughout the property. Long Term Tenants - $900 / month rent (Month to month tenancy) GSI: $10,800 Annually

Last Agent to Sell the Property

Randy Combs

Keller Williams Realty Irvine License #01930012 Listed on: 07/07/2022

Keller Williams Realty Irvine

Last Buyer's Agent

AINI TJAUW

AINI TJAUW License #01816363

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,305 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2 Bedrooms
  • 588 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry in Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 22
  • Tax Tract Number 321
  • Assessor Parcel Number 03217216
  • $363 per year additional tax assessments

Community Details

Overview

  • Highlands Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,168
  • Trash Expense $47
  • Water Sewer Expense $1,904
  • Operating Expense $3,119
  • Gross Income $10,800
  • Net Operating Income $7,681

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Highlands (HIGL)
  • Water Sewer Expenses: 1904.00
  • Property Type: Residential Income
  • Parcel Number: 03217216
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 1095.24

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 47.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 7305.00
  • Lot Size Acres: 0.1677

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 10800.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 1168.00
  • Lot Size Area: 7305.0000 Square Feet
  • Net Operating Income: 7681.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 3119.00
  • Rent Control: No
  • Total Expenses: 3119.00

Tax Info

  • Tax Census Tract: 116.01
  • Tax Lot: 22
  • Tax Tract Number: 321
  • TaxOtherAnnualAssessmentAmount: 363.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2023
Sold by
Kwok Wei Wah
Bought by
Titan Re Llc
Current Estimated Value
$812,661

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 13, 2022
Sold by
Kawase Family Trust
Bought by
Ho Viet H and Kwok Wel
Seller's Agent
Randy Combs
Keller Williams Realty Irvine
Buyer's Agent
AINI TJAUW
AINI TJAUW
List Price
$659,000
Sold Price
$644,000
Premium/Discount to List
-$15,000
-2.28%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$418,600
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2000
Sold by
Kawase Francis K and Kawase Kuniko J
Bought by
Kawase Francis K and Kawase Kuniko Joan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Titan Re Llc -- None Listed On Document
Ho Viet H $644,000 First American Title
Kawase Francis K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ho Viet H $418,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2022 09/20/22 Sold $644,000 -2.3% $1,095 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $659,000 -- $1,121 / 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 $7,399 $670,017 $643,593 $26,424
2024 $7,399 $656,880 $630,974 $25,906
2023 $7,221 $644,000 $620,764 $23,236
2022 $1,843 $136,770 $128,311 $8,459
2021 $1,812 $134,089 $125,795 $8,294
2020 $1,801 $132,715 $124,506 $8,209
2019 $1,761 $130,113 $122,064 $8,049
2018 $1,735 $127,562 $119,670 $7,892
2017 $1,707 $125,061 $117,323 $7,738
2016 $1,675 $122,609 $115,022 $7,587
2015 $1,631 $120,768 $113,294 $7,474
2014 $1,586 $118,403 $111,075 $7,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22148752

California Regional Multiple Listing Service (CRMLS)

APN: 032-172-16