NOT LISTED FOR SALE

321 N Basque Ave Fullerton, CA 92833

4 Beds
2 Baths
1,702 Sq Ft
6,970 Sq Ft Lot

Last Sold June 14, 2021

Last sale price $845,000 $496 Per Sq Ft

13 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • D. Russell Parks Junior High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • No Interior Steps

About This Home

As of June 2021

A prized investment opportunity awaits at 321 & 323 N. Basque Avenue in Fullerton's coveted Lower Muck neighborhood, surrounded by predominately single family homes, this charming 1950s ranch style duplex offers the perfect combination of location, functionality and strong, high demand rental market. Long terms tenants are currently occupying property on month-to-month leases and would very much like to remain. Arrive to a large and manicured front lawn to a well maintained property - the front unit consists of 2 Bed, 1 Bath with a remodeled kitchen, newer interior paint and carpet and an original brick fireplace in the living room. The front unit enjoys a privately fenced yard (north side of property) and has access to the detached 2-car garage. The rear unit is comfortably sized and the living room has beautiful and large corner windows overlooking the front lawn. A privately fenced yard and covered patio is used by the rear tenant along with a one car carport next to the garage. Convenient alley access provides for ideal off street parking options. This is a rarely available location for any type of multi-family opportunity, do not delay, drive by and submit your offer ASAP.

Last Agent to Sell the Property

James Bobbett

Reliance Real Estate Services License #01272441 Listed on: 05/01/2021

Reliance Real Estate Services

Co-Listed By

Martina Bobbett

Circa Properties, Inc. License #01189723

Last Buyer's Agent

Dieu Chau Nguyen

Global Home Realty License #01444053

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Lawn
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Duplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,702 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

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

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 1213
  • Assessor Parcel Number 03026206

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $1,200
  • Trash Expense $650
  • Water Sewer Expense $1,054
  • New Taxes Expense $9,000
  • Operating Expense $12,924
  • Gross Income $36,000
  • Net Operating Income $23,076

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lower Muck West
  • View: No
  • Water Sewer Expenses: 1054.00
  • Architectural Style: Ranch
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 03026206
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 496.47

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 650.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 851 Square Feet
  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 23076.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 12924.00
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 12924.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 110.00
  • Tax Lot: 6
  • Tax Tract Number: 1213

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2021 06/14/21 Sold $845,000 +5.6% $496 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $800,000 -- $470 / 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 $10,035 $914,654 $848,082 $66,572
2024 $10,035 $896,720 $831,453 $65,267
2023 $9,793 $879,138 $815,150 $63,988
2022 $9,729 $861,900 $799,166 $62,734
2021 $1,226 $66,666 $31,631 $35,035
2020 $1,217 $65,983 $31,307 $34,676
2019 $1,197 $64,690 $30,693 $33,997
2018 $1,180 $63,422 $30,091 $33,331
2017 $1,163 $62,179 $29,501 $32,678
2016 $1,143 $60,960 $28,922 $32,038
2015 $1,116 $60,045 $28,488 $31,557
2014 $1,088 $58,869 $27,930 $30,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21092734

California Regional Multiple Listing Service (CRMLS)

APN: 030-262-06