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

Sale Details

Date Sold: November 28, 2017

Last sale price $1,195,000 $313 Per Sq Ft

73 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • 3-minute walk to Pearl Park
  • Col. J. K. Tuffree Middle School Rated A
  • Wall Furnace

About This Home

As of November 2017

Fullerton 4 Unit property located close to Freeways, Schools and Shopping. All units are desirable 2 bedrooms and 1.75 bathrooms with large patios. Property includes open grass area, Common laundry room and six single car garages to make the units more appealing to tenants. Extra garages and Laundry Machines can generate extra income for owner. Tenants enjoy the elementary school being within walking distance. All of the units are large with 3 of the units being in good condition and 1 completely remodeled with new kitchen, flooring, bathrooms etc.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 07/17/2017

Last Buyer's Agent

Jane Kim

Stepping Stone Realty & Invst. License #01365375

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 1 Open Parking Space
  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,820 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

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

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 5120
  • Assessor Parcel Number 33923208

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $630
  • Fuel Expense $130
  • Gardener Expense $800
  • Insurance Expense $1,600
  • Maintenance Expense $2,400
  • Other Expense $1,800
  • Pest Control $540
  • Trash Expense $540
  • Water Sewer Expense $2,900
  • New Taxes Expense $13,743
  • Operating Expense $25,083
  • Gross Income $170

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

8,712 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 4.50
  • Property Attached: Yes
  • Water Sewer Expenses: 2900.00
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 33923208
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 312.83

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8712.00

Rental Info

  • Garage Rental Rate: 50.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 955 Square Feet
  • Electric Expense: 630.00
  • Fuel Expense: 130.00
  • Garage Income: 100.00
  • Gross Income: 170.00
  • Insurance Expense: 1600.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 70.00
  • Maintenance Expense: 2400.00
  • Number Of Rented Garages: 2
  • 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 Percent: 31.10
  • Other Expense: 1800.00
  • Other Expense Description: RR /Misc
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 25083.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13743.00
  • Tax Census Tract: 117.11
  • Tax Lot: 20
  • Tax Tract Number: 5120

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,590,000 Clearmark Title
Kim Susie -- Clearmark Title
Qi Xing $1,195,000 Fidelity National Title Oran
The Bradley John Morrison & Kymberly Lou -- None Available
Morrison Bradley John $779,000 Commonwealth Land Title
Labayne Gerald N -- --
Kholghy Ahmad -- Fidelity National Title
Labayne Gerald N -- First Southwestern Title Co
Labayne Gerald N -- First Southwestern Title Co
Labayne Gerald N -- --
Labayne Gerald Nelson -- First American Title Ins Co
Labayne Gerald Nelson $211,000 Fidelity National Title Ins
World S & L Assoc $235,161 Fidelity National Title Ins
B & C Mae Investments -- --
Mae Robert S -- --
B & C Mae Investments Lp -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $954,000
Previous Owner Qi Xing $800,000
Previous Owner Morrison Bradley John $647,717
Previous Owner Morrison Bradley John $630,000
Previous Owner Morrison Bradley John $623,200
Previous Owner Kholghy Ahmad $489,300
Previous Owner Labayne Gerald N $322,000
Previous Owner Labayne Gerald Nelson $217,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/28/2017 11/28/17 Sold $1,195,000 0.0% $313 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $1,195,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $18,645 $1,687,320 $1,522,191 $165,129
2025 $18,240 $1,654,236 $1,492,344 $161,892
2024 $18,240 $1,621,800 $1,463,082 $158,718
2023 $17,939 $1,590,000 $1,434,394 $155,606
2022 $14,815 $1,281,281 $1,138,873 $142,408
2021 $14,570 $1,256,158 $1,116,542 $139,616
2020 $14,606 $1,243,278 $1,105,093 $138,185
2019 $14,099 $1,218,900 $1,083,424 $135,476
2018 $13,930 $1,195,000 $1,062,180 $132,820
2017 $11,138 $935,611 $769,427 $166,184
2016 $9,225 $761,437 $605,171 $156,266
2015 $9,111 $750,000 $596,081 $153,919
2014 $9,003 $750,000 $596,081 $153,919
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17160354

California Regional Multiple Listing Service (CRMLS)

APN: 339-232-08

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