NOT LISTED FOR SALE

321 E Commonwealth Ave Fullerton, CA 92832

Estimated Value: $1,037,000 - $1,377,000

5 Beds
2 Baths
1,796 Sq Ft
$643/Sq Ft Est. Value

Last Sold June 19, 2018

Last sale price $735,000 $409 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,824/month

12 Days on Market

Highlights

  • Parking available for a boat
  • No HOA
  • Two Homes on a Lot
  • Fullerton Union High School Rated A-
  • 2 Car Direct Access Garage
  • Double Pane Windows

About This Home

As of June 2018

2 Detached Single Family Homes on the Lot! Great opportunity to live on-site and rent out the other units OR use the front house for a home base business and rent the back unit. Both units were Remodeled, permitted, and approved 3 beds 1 bath front house with 2 beds 1 bath back house, 2 car garage has direct alley access and there is plenty of parking on back, up to 4 cars. Both units have Central AC and heating, newer windows, electrical and plumbing. Laminate floors in both units with tiled bath. Crown moldings throughout home. Property is currently residential with approved plans to convert to front house to office (a big plus) per previous owner. Both units have its own laundry room and separately metered for Gas and Electricity. Both units are rented and occupied. This home is conveniently located within downtown Fullerton, restaurants, nightlife, Theatre and Shopping. Excellent proximity to Universities, freeways, Costco and train depot. This property and location has a lot of possibilities and potentials. Don’t miss it.

Last Agent to Sell the Property

Gloria Melo

Karis Realty License #01762988 Listed on: 05/08/2018

Last Buyer's Agent

Sujatha Bellamkonda

Sujatha Bellamkonda, Broker License #01895574

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in good condition
  • Front Yard Sprinklers

Parking

  • 2 Car Direct Access Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,796 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Two Homes on a Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 276
  • Assessor Parcel Number 03308220

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $45,600
  • Net Operating Income $45,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 03308220
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 409.24
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, Direct Garage Access, Garage Faces Rear, RV Access/Parking, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Other
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Net Operating Income: 45600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 113.00
  • Tax Lot: 23
  • Tax Tract Number: 276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2020
Sold by
Maniar Daxesh and Maniar Alpa
Bought by
Maniar Daxesh and Maniar Alpa
Current Estimated Value
$1,154,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$480,752
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$674,065

Purchase Details

Closed on
May 18, 2014
Sold by
Juacalla Roy A
Bought by
Maniar Daxesh and Maniar Alpa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2012
Closed on
Dec 28, 2012
Sold by
Ross Steve
Bought by
Juacalla Roy A
Seller's Agent
Brian Massey
Brian Massey
Buyer's Agent
Gloria Melo
Karis Realty
List Price
$549,000
Sold Price
$500,000
Premium/Discount to List
-$49,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$481,124
Interest Rate
3.27%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 26, 2008
Sold by
Massey Brian S
Bought by
Ross Steve

Purchase Details

Closed on
May 28, 2008
Sold by
World Equity Loans Llc
Bought by
Massey Brian S

Purchase Details

Closed on
Apr 16, 2008
Sold by
Massey Brian S
Bought by
World Equity Loans Llc

Purchase Details

Closed on
Feb 6, 2006
Sold by
Bliz Properties Llc
Bought by
Massey Brian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 6, 2006
Sold by
Massey Elizabeth A
Bought by
Massey Brian S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 1, 2005
Sold by
Massey Brian S and Massey Elizabeth A
Bought by
Bliz Properties Llc

Purchase Details

Closed on
Oct 27, 2003
Sold by
Lagioia Guy Anthony
Bought by
Massey Brian S and Massey Elizabeth A

Purchase Details

Closed on
Mar 24, 1995
Sold by
Lagioia Antonia
Bought by
Lagioia Guy Anthony
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
Maniar Daxesh -- First American Title Company
Maniar Daxesh $735,000 Lawyers Title
Juacalla Roy A $500,000 Lawyers Title
Ross Steve $330,000 Cal Counties Title Nation
Ross Steve -- Cal Counties Title Nation
Massey Brian S -- None Available
World Equity Loans Llc -- None Available
Massey Brian S -- Old Republic Title Co O C
Massey Brian S -- Old Republic Title Co O C
Bliz Properties Llc -- --
Massey Brian S $240,000 Old Republic Title Company
Lagioia Guy Anthony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maniar Daxesh $544,000
Previous Owner Maniar Daxesh $551,250
Previous Owner Juacalla Roy A $481,124
Previous Owner Massey Brian S $581,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2018 06/19/18 Sold $735,000 -1.9% $409 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $749,000 0.0% $417 / Sq Ft
01/20/2018 01/20/18 Rented $2,100 -4.5% --
10/30/2017 10/30/17 Price Changed $2,200 +2.3% $2 / Sq Ft
10/28/2017 10/28/17 For Rent $2,150 0.0% --
12/15/2012 12/15/12 Sold $500,000 -8.9% $278 / Sq Ft View Prior Sale
11/26/2012 11/26/12 Pending -- -- --
10/19/2012 10/19/12 For Sale $549,000 -- $306 / 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 $9,286 $836,303 $775,234 $61,069
2024 $9,286 $819,905 $760,033 $59,872
2023 $9,062 $803,829 $745,130 $58,699
2022 $9,003 $788,068 $730,519 $57,549
2021 $8,848 $772,616 $716,195 $56,421
2020 $8,800 $764,694 $708,851 $55,843
2019 $8,571 $749,700 $694,951 $54,749
2018 $6,344 $541,129 $492,803 $48,326
2017 $6,164 $530,519 $483,140 $47,379
2016 $6,036 $520,117 $473,667 $46,450
2015 $5,868 $512,305 $466,552 $45,753
2014 $5,699 $502,270 $457,413 $44,857
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18108325

California Regional Multiple Listing Service (CRMLS)

APN: 033-082-20