NOT LISTED FOR SALE

319 E Amerige Ave Fullerton, CA 92832

6 Beds
4 Baths
2,349 Sq Ft
0.33 Acres

Last Sold July 14, 2020

Last sale price $1,300,000 $553 Per Sq Ft

151 Days on Market

Highlights

  • 0.33 Acre Lot
  • Private Yard
  • Laundry Room
  • Fullerton Union High School Rated A
  • No HOA
  • 4-minute walk to Plaza Park

About This Home

As of July 2020

Rare Investment/Building opportunity. Four individual homes located on a double wide R3 zoned lot in a fantastic location. Walking distance to Fullerton College and downtown area. Previous plans to build six new Townhomes is available. These permits have to be renewed. Unit breakdown for development and rendering available. Please call for more information. Existing units are fully occupied and property is generating good income. This is a fantastic location with high rental demand.

Last Agent to Sell the Property

HOSSEIN TAJIKI

ALPINE REALTY License #00911612 Listed on: 02/04/2020

Last Buyer's Agent

HOSSEIN TAJIKI

ALPINE REALTY License #00911612 Listed on: 02/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 100x140
  • No Common Walls
  • Private Yard
  • Garden
  • Front Yard

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • 2,349 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 17
  • Tax Tract Number 276
  • Assessor Parcel Number 03308117

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,320
  • Insurance Expense $2,500
  • Trash Expense $720
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,948
  • Operating Expense $16,288
  • Gross Income $70,920
  • Net Operating Income $54,632

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 03308117
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 553.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lot 10000-19999 Sqft, Yard
  • Lot Size: 100X140
  • Lot Size Sq Ft: 14505.00
  • Lot Size Acres: 0.3330

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 70920.00
  • Gross Scheduled Income: 70920.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 14505.0000 Square Feet
  • Net Operating Income: 54632.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 16288.00
  • Rent Control: No
  • Total Actual Rent: 4760.00
  • Total Expenses: 16288.00

Tax Info

  • New Taxes Expense: 9948.00
  • Tax Census Tract: 113.00
  • Tax Lot: 17
  • Tax Tract Number: 276+

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
07/14/2020 07/14/20 Sold $1,300,000 -4.3% $553 / Sq Ft
06/01/2020 06/01/20 Price Changed $1,359,000 -2.1% $579 / Sq Ft
02/20/2020 02/20/20 Price Changed $1,388,000 -4.2% $591 / Sq Ft
02/04/2020 02/04/20 For Sale $1,449,000 -- $617 / 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: CV20024354

California Regional Multiple Listing Service (CRMLS)