NOT LISTED FOR SALE
6 Beds
6 Baths
3,820 Sq Ft
8,712 Sq Ft Lot

Last Sold September 09, 2019

Last sale price $1,515,000 $397 Per Sq Ft

320 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Granite Countertops
  • Col. J. K. Tuffree Middle School Rated A
  • Traditional Architecture
  • 2-minute walk to Pearl Park

About This Home

As of September 2019

INVESTOR'S DREAM RIGHT HERE! HERE'S YOUR CHANCE ONCE AGAIN! TURNKEY, TURNKEY!! Bring your investors who are looking for an extremely turnkey bldg in east Fullerton's most popular rental area. This property has been completely remodeled with no expense spared & all 4 units are in impeccable condition, w/ upgrades that include but are not limited to: new upgraded commercial-grade vinyl flooring, custom int & ext paint, brand new doors, windows (vinyl dual pane w/ blinds) & trim, new bathrooms with custom high end tile, new full size tubs & marble counters on vanities, new toilets & plumbing fixtures throughout, brand new kitchens with custom 3CM granite, glass mosaic backsplashes, SS Frigidaire Gallery Line appliances incl fridges, mini-split HVAC systems to all units (controlled individually by each unit), new concrete patios on lower level with brand new wrought iron & brick privacy fencing & privacy wrought iron gates at entry, ceiling fans & recessed LED lighting throughout, brand new front doors, brand new individual water heaters in each unit (not shared), brand new automatic garage doors, on-site laundry facility (security door with key for tenants only), & brand new concrete slab behind the building w/ 6' vinyl fence to provide addtl privacy and easy maintenance. These units are BY FAR the most impeccable units you'll find in FULLERTON! Walking distance to Topaz Elementary School. CAP RATE OVER 5%!!

Last Agent to Sell the Property

Veronica Bertrand

Red Diamond Realty License #01903853 Listed on: 09/26/2018

Last Buyer's Agent

Ying Chou

K.W. EXECUTIVE License #01949599

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Wrought Iron Fence
  • Vinyl Fence
  • Block Wall Fence
  • Fence is in excellent condition
  • Landscaped

Parking

  • 6 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,820 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Panel Doors
  • Vinyl Flooring
  • Neighborhood Views

Kitchen

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater
  • Central Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 5120
  • Assessor Parcel Number 33923207

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Fuel Expense $200
  • Gardener Expense $1,200
  • Insurance Expense $1,417
  • Trash Expense $1,530
  • Water Sewer Expense $1,000
  • New Taxes Expense $11,000
  • Operating Expense $16,707
  • Gross Income $960
  • Net Operating Income $80,793

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.33
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 33923207
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Built-in Features, Granite Counters, Open Floorplan, Recessed Lighting, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 396.60
  • Room Type: Master Suite
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Vinyl, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • 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, ENERGY STAR Qualified Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Water Heater Central, Water Heater
  • Heating Type: Electric
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1530.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 900 Square Feet
  • Electric Expense: 360.00
  • Fuel Expense: 200.00
  • Gross Income: 960.00
  • Gross Scheduled Income: 97500.00
  • Insurance Expense: 1417.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 80793.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • 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: 16707.00
  • Other Income Description: Washer/dryer
  • Rent Control: No
  • Total Actual Rent: 8125.00
  • Total Expenses: 16707.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 117.11
  • Tax Lot: 19
  • Tax Tract Number: 5120

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
09/09/2019 09/09/19 Sold $1,515,000 -3.2% $397 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
11/27/2018 11/27/18 Price Changed $1,565,000 -1.9% $410 / Sq Ft
09/26/2018 09/26/18 For Sale $1,595,000 +54.9% $418 / Sq Ft
03/01/2018 03/01/18 Sold $1,030,000 +3.0% $270 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $999,950 -- $262 / 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: PW18233955

California Regional Multiple Listing Service (CRMLS)

APN: 339-232-07