NOT LISTED FOR SALE
4 Beds
3 Baths
9,829 Sq Ft
0.39 Acres

Last Sold December 20, 2018

Last sale price $3,050,000 $310 Per Sq Ft

56 Days on Market

Highlights

  • 0.39 Acre Lot
  • Neighborhood Views
  • Laundry Room
  • Col. J. K. Tuffree Middle School Rated A
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Pearl Park

About This Home

As of December 2018

Pride of ownership, these beautiful buildings have been well maintained! The property consist of two adjacent buildings between a well groomed shared courtyard. One building has 4 units and the other has 5 units. Get unit mix with 8 two bedroom one bath and 1 two bedroom two bath unit, some with patios. This location boast a strong rental market. It is walking distance to Cal State Fullerton and the Crossroads Shopping Center. It is freeway close with the 57 and 91 nearby.

Last Agent to Sell the Property

Tim Gorman

Gorman & Associates License #01929799 Listed on: 08/24/2018

Last Buyer's Agent

Christopher Suh

Up Realty Inc. License #01875158

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.39 Acre Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • 339-233-16

Parking

  • 14 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 9,829 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 5190
  • Assessor Parcel Number 33923317

Community Details

Overview

  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $69,882
  • Operating Expense $69,882
  • Gross Income $174,705
  • Net Operating Income $104,823

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

14

Listing Details

  • Assessments: Yes
  • Other Phone Description: Agent Cell
  • Other Phone Number: 714-932-9673
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 33923317
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.31

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • 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
  • Additional Parcels Description: 339-233-16
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 16994.00
  • Lot Size Acres: 0.3901

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 174705.00
  • Gross Multiplier: 16.90
  • Gross Operating Income: 174705.00
  • Gross Scheduled Income: 183900.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 16994.0000 Square Feet
  • Net Operating Income: 104823.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 9
  • Operating Expense: 69882.00
  • Operating Expense Percent: 40.00
  • Other Expense: 69882.00
  • Other Expense Description: 40%
  • Rent Control: No
  • Total Actual Rent: 15325.00
  • Total Expenses: 69882.00
  • Vacancy Allowance: 9195
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 117.11
  • Tax Lot: 21
  • Tax Tract Number: 5190

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
12/20/2018 12/20/18 Sold $3,050,000 -1.6% $310 / Sq Ft
10/03/2018 10/03/18 Price Changed $3,100,000 -7.5% $315 / Sq Ft
08/24/2018 08/24/18 For Sale $3,350,000 -- $341 / 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: PW18206089

California Regional Multiple Listing Service (CRMLS)