NOT LISTED FOR SALE

3419 Gregory Ave Fullerton, CA 92833

7 Beds
6 Baths
3,191 Sq Ft
8,280 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $1,430,000 $448 Per Sq Ft

3 Days on Market

Highlights

  • Park
  • Laundry Room
  • Paved or Partially Paved Lot
  • D. Russell Parks Junior High School Rated A-
  • Bike Trail

About This Home

As of May 2022

Built-in 1989, the subject property is 3,191 square feet sitting on an 8,280 square foot lot. The four-unit apartment building consists of one (two-bedroom, two-bathroom) unit and one (one-bedroom one-bathroom) unit on the first story. The second story consists of one (two-bedroom, two-bathroom) and one (two-bedroom, one-bathroom) unit. Recent upgrades and capital improvements include a newer roof, updated windows, and recent exterior paint. The subject property also boasts new artificial synthetic grass, security cameras/lights, and a gated perimeter with garage parking. There is a significant upside in rents within the strong West Fullerton rental market. Utility systems include copper plumbing with individual utility meters, individual water heaters, and an onsite laundry facility.

Last Agent to Sell the Property

Ari Gharib

LFA Multifamily Inc. License #01981194 Listed on: 04/19/2022

Last Buyer's Agent

Rosie Zuno

Compass License #01973081

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,280 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 3,191 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1227
  • Assessor Parcel Number 03005119
  • $750 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Fullerton Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $1,436
  • Trash Expense $516
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,174
  • Operating Expense $27,883
  • Gross Income $71,700
  • Net Operating Income $44,974

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.21
  • Price Per Unit: 350000
  • Property Attached: No
  • Subdivision Name Other: Fullerton Heights (FULH)
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 03005119
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 448.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 516.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 8280.00
  • Lot Size Acres: 0.1901

Multi Family

  • Electric Expense: 1500.00
  • Fuel Expense: 1200.00
  • Gross Income: 71700.00
  • Gross Multiplier: 18.67
  • Gross Operating Income: 72750.00
  • Gross Scheduled Income: 75000.00
  • Insurance Expense: 1436.00
  • Laundry Income: 2400.00
  • Lot Size Area: 8280.0000 Square Feet
  • Net Operating Income: 44974.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27775.00
  • Other Income1: 75.00
  • Other Income Description: Parking
  • Rent Control: No
  • Total Actual Rent: 71700.00
  • Total Expenses: 27883.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15174.00
  • Tax Census Tract: 18.01
  • Tax Lot: 13
  • Tax Tract Number: 1227
  • TaxOtherAnnualAssessmentAmount: 750.00

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
05/16/2022 05/16/22 Sold $1,430,000 +2.1% $448 / Sq Ft
04/19/2022 04/19/22 For Sale $1,400,000 -- $439 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ari Gharib

    LFA Multifamily Inc.

    Section Image
  • Rosie Zuno

    Buyer's Agent in 2022

    Rosie Zuno

    Compass

    (714) 313-0859

    1 in this area

    30 Total Sales

    Rosie Zuno
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22079840

California Regional Multiple Listing Service (CRMLS)

APN: 030-051-19

California Orange County Fullerton 92833

3419 Gregory Ave, Fullerton, CA

This home is located at 3419 Gregory Ave, Fullerton, CA 92833 since 19 April 2022. This property was built in 1989. 3419 Gregory Ave is a home located in Orange County with nearby schools including Valencia Park Elementary School, D. Russell Parks Junior High School, and Buena Park High School.

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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