NOT LISTED FOR SALE

321 E Truslow Ave Fullerton, CA 92832

Downtown Fullerton Neighborhood

Estimated Value: $932,000 - $1,202,000

5 Beds
3 Baths
1,796 Sq Ft
$596/Sq Ft Est. Value

Sale Details

Date Sold: May 27, 2022

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

Est. 9% increase in value since last sale

Current estimated payment $6,791 / mo

152 Days on Market

Highlights

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

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

Seven Gables Real Estate License #01314740 Listed on: 11/01/2021

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 in unit
  • 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

6,909 Sq Ft Lot

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

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 Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
May 12, 2022
Sold by
Bought by
Seller's Agent
Mitch Berry
Seven Gables Real Estate
Buyer's Agent
Nick Jenkins
Faith Real Estate, Inc.
List Price
$999,000
Sold Price
$980,000
Premium/Discount to List
-$19,000
-1.9%
Current Estimated Value
$1,069,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,688
Avg. Annual Appreciation
2.17%
Original Mortgage
$380,000
Outstanding Balance
$358,001
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$711,687

Purchase Details

Closed on
Jul 26, 2021
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 24, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 1994
Sold by
Bought by
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

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
$980,000 Fidelity National Title
-- None Available
-- None Available
-- None Available
-- None Available
-- --
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 $380,000
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
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

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
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

  • Mitch Berry

    Seller's Agent in 2022

    Mitch Berry

    Seven Gables Real Estate

    (949) 929-5940

    1 in this area

    31 Total Sales

    Mitch Berry
    Section Image

  • N

    Buyer's Agent in 2022

    Nick Jenkins

    Faith Real Estate, Inc.

    Section Image
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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

California Orange County Fullerton 92832 Downtown Fullerton

321 E Truslow Ave, Fullerton, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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