NOT LISTED FOR SALE

Estimated Value: $896,000 - $1,375,000

5 Beds
3 Baths
1,796 Sq Ft
$620/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $980,000 $546 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,878/month

152 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Level Lot
  • Fullerton Union High School Rated A-
  • Wood Fence
  • Wall Furnace

About This Home

As of May 2022

TREMENDOUS OPPORTUNITY to acquire a very steady and reliable income property, located in nearby downtown Fullerton. This low maintenance gem has been well maintained over the years. 30 and 25 year tenants currently occupy the property. Current rents are well below pro forma numbers and can be a cash cow. The front two(2) units are attached and boast a new roof of less than 60 days ago. The 3rd unit(house) is detached behind the front two(2) units with a yard area between the houses. At the rear of the property is a three(3) car garage. This is truly a great property.

Last Agent to Sell the Property

Mitch Berry

Keller Williams Realty Irvine License #01314740 Listed on: 11/01/2021

Keller Williams Realty Irvine

Last Buyer's Agent

Nick Jenkins

Faith Real Estate, Inc. License #01851941

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,909 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,796 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 18 / 38
  • Tax Tract Number 276
  • Assessor Parcel Number 03309310
  • $495 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $7,000
  • Water Sewer Expense $840
  • Operating Expense $3,140
  • Gross Income $45,900
  • Net Operating Income $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Old Town
  • Water Sewer Expenses: 840.00
  • Property Type: Residential Income
  • Parcel Number: 03309310
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 545.60

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 7000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6909.00
  • Lot Size Acres: 0.1586

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 45900.00
  • Gross Scheduled Income: 45900.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6909.0000 Square Feet
  • Net Operating Income: 900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 75.00
  • Rent Control: No
  • Total Expenses: 3140.00

Tax Info

  • Tax Block: 38
  • Tax Census Tract: 116.02
  • Tax Lot: 18
  • Tax Tract Number: 276
  • TaxOtherAnnualAssessmentAmount: 495.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Roderick Thomas L
Bought by
Roderick Thomas L
Current Estimated Value
$1,113,703

Purchase Details

Closed on
Apr 10, 2018
Sold by
Fritz Ellen K
Bought by
Fritz Kevin T and Fritz Ellen K

Purchase Details

Closed on
Oct 24, 2017
Sold by
Kressin Ann Amrie
Bought by
Kressin Lowell R and Kressin Ann

Purchase Details

Closed on
Mar 13, 2014
Sold by
Roderick Thomas L
Bought by
Roderick Thomas L and Kressin Ann Marie

Purchase Details

Closed on
Aug 22, 1994
Sold by
Roderick Hobart C and Roderick Betty Lou
Bought by
Roderick Hobart C and Roderick Betty L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Roderick Thomas L -- None Available
Fritz Kevin T -- None Available
Kressin Lowell R -- None Available
Roderick Thomas L -- None Available
Roderick Hobart C -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $980,000 -1.9% $546 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $999,000 +1.9% $556 / Sq Ft
03/18/2022 03/18/22 Off Market $980,000 -- --
02/10/2022 02/10/22 For Sale $999,000 0.0% $556 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $999,000 0.0% $556 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/28/2021 11/28/21 Price Changed $999,000 -9.2% $556 / Sq Ft
11/01/2021 11/01/21 For Sale $1,100,000 -- $612 / 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 $12,296 $1,124,160 $979,909 $144,251
2024 $12,296 $1,102,118 $960,695 $141,423
2023 $11,142 $999,600 $941,858 $57,742
2022 $1,716 $112,143 $77,343 $34,800
2021 $1,688 $109,945 $75,827 $34,118
2020 $1,677 $108,818 $75,049 $33,769
2019 $1,644 $106,685 $73,578 $33,107
2018 $1,621 $104,594 $72,136 $32,458
2017 $1,595 $102,544 $70,722 $31,822
2016 $1,566 $100,534 $69,335 $31,199
2015 $1,527 $99,024 $68,293 $30,731
2014 $1,487 $97,085 $66,955 $30,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21239100

California Regional Multiple Listing Service (CRMLS)

APN: 033-093-10