NOT LISTED FOR SALE

330 E Wilshire Ave Fullerton, CA 92832

7 Beds
7 Baths
3,914 Sq Ft
7,000 Sq Ft Lot

Last Sold July 03, 2024

Last sale price $1,804,000 $461 Per Sq Ft

17 Days on Market

Highlights

  • 5 Car Direct Access Garage
  • Laundry Room
  • Attached Carport
  • Fullerton Union High School Rated A
  • Tile Flooring
  • 5-minute walk to Plaza Park

About This Home

As of July 2024

330 East Wilshire Avenue presents a rare investment opportunity to purchase an 80’s constructed 4-plex in the heart of Downtown Fullerton. The subject property boasts a unique unit mix of (1) 3 bed 2.5 bath townhome, (1) 2 bed 2 bath townhome, and (2) large 1 bed 1 bath apartments. The three bedroom apartment has a direct access double car garage making it ideal for an owner occupant. Amenities for the apartments include enclosed patios and or balconies, garage parking, central AC and heat, dishwashers, vaulted ceilings, and laundry hookups. Kitchens and bathrooms have been tastefully remodeled with newer cabinets and stone countertops. The subject property received a complete plumbing re-pipe in 2023. The Wilshire Avenue 4-plex is located within a couple blocks of Downtown Fullerton, which is home to many trendy restaurants, retail shopping, Fullerton High School, Fullerton Junior College and the Fullerton train station making it desirable for numerous types of tenants.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian Brokerage Phone: 714-262-8992 License #01488586 Listed on: 05/29/2024

Last Buyer's Agent

Walli Mattern

Pier Realty License #01006673

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Fence is in excellent condition
  • Rectangular Lot

Parking

  • 5 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Attached Carport
  • Parking Available

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,914 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 14
  • Tax Tract Number 276
  • Assessor Parcel Number 03308130
  • $1,029 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Fuel Expense $400
  • Insurance Expense $3,000
  • Maintenance Expense $5,136
  • Trash Expense $1,600
  • Water Sewer Expense $1,600
  • New Taxes Expense $19,782
  • Operating Expense $36,146
  • Gross Income $1,200
  • Net Operating Income $66,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.60
  • Price Per Unit: 465500
  • Property Attached: No
  • Water Sewer Expenses: 1600.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 03308130
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 460.91

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Attached Carport, Direct Garage Access
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607
  • Latitude Manual: 33.87208400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 810 Square Feet
  • Average2 Bed Area: 995 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 1600.00
  • Fuel Expense: 400.00
  • Gross Income: 1200.00
  • Gross Multiplier: 17.58
  • Gross Operating Income: 102759.00
  • Gross Scheduled Income: 105900.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 100.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 5136.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 66613.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 36146.00
  • Operating Expense Percent: 34.10
  • Rent Control: No
  • Total Expenses: 36146.00
  • Vacancy Allowance: 3141
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19782.00
  • Tax Block: 14
  • Tax Census Tract: 113.00
  • Tax Lot: 5
  • Tax Tract Number: 276
  • TaxOtherAnnualAssessmentAmount: 1029.00

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
07/03/2024 07/03/24 Sold $1,804,000 -3.1% $461 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1,862,000 -- $476 / 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: PW24108817

California Regional Multiple Listing Service (CRMLS)