NOT LISTED FOR SALE

3812 W Commonwealth Ave Fullerton, CA 92833

Fullerton Area
4 Beds
3 Baths
2,000 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: October 21, 2020

Last sale price $785,000 $392 Per Sq Ft

168 Days on Market

Highlights

  • Lawn
  • Laundry Facilities
  • Level Lot
  • D. Russell Parks Junior High School Rated A-

About This Home

As of October 2020

Excellent opportunity for this very nice triplex located near parks, award-winning schools, churches, shopping and freeway close. There are five garages and an extra large drive way for more parking. Great upside rent potential, legal conforming C-2 (Commercial) and this property is located in an Opportunity Zone, thus providing unlimited potential and excellent tax benefits! Long term tenants are all on month-to-month tenancies. This investment is offered in a high rent demand location. All offers shall be subject to interior inspection. Please do not disturb the tenants.

Last Agent to Sell the Property

Wade Wright

Wade Wright, Broker License #00990129 Listed on: 02/12/2020

Last Buyer's Agent

Rita Gonchar

T.N.G. Real Estate Consultants License #00815246

T.N.G. Real Estate Consultants
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,663 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Lawn

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for exterior maintenance
  • Assessor Parcel Number 03002422

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,093
  • Trash Expense $1,513
  • Water Sewer Expense $1,797
  • New Taxes Expense $10,329
  • Operating Expense $14,732
  • Gross Income $37,200
  • Net Operating Income $29,446

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

5,663 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 3.46
  • Property Attached: Yes
  • Subdivision Name Other: Fullerton Triplex
  • Water Sewer Expenses: 1797.00
  • Property Type: Residential Income
  • Parcel Number: 03002422
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 392.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1513.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Exterior Maintenance

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 37200.00
  • Gross Multiplier: 22.84
  • Gross Operating Income: 37200.00
  • Gross Scheduled Income: 37200.00
  • Gross Spendable Income: 37200.00
  • Insurance Expense: 1093.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 29446.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 7754.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 14732.00

Tax Info

  • New Taxes Expense: 10329.00
  • Tax Census Tract: 18.01

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

Closed on
Jun 2, 2021
Sold by
Torre Lucio De La and De La Torre
Bought by

Purchase Details

Listed on
Feb 12, 2020
Closed on
Sep 30, 2020
Sold by
Kelly Theresa M and Kelly Brian
Bought by
Torre Lucio Dela and Torre Blanca Dela
Seller's Agent
Wade Wright
Wade Wright, Broker
Buyer's Agent
Rita Gonchar
T.N.G. Real Estate Consultants
List Price
$800,000
Sold Price
$785,000
Premium/Discount to List
-$15,000
-1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Outstanding Balance
$511,810
Interest Rate
2.8%
Mortgage Type
New Conventional
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
-- Lawyers Title
Torre Lucio Dela $785,000 Wfg Title Company Of Ca
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 $588,750
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
10/21/2020 10/21/20 Sold $785,000 -1.9% $393 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
07/25/2020 07/25/20 For Sale $800,000 0.0% $400 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
06/25/2020 06/25/20 Price Changed $800,000 -5.9% $400 / Sq Ft
03/23/2020 03/23/20 Price Changed $850,000 -4.4% $425 / Sq Ft
02/24/2020 02/24/20 For Sale $888,888 0.0% $444 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $888,888 -- $444 / 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
2026 $10,095 $866,702 $787,624 $79,078
2025 $9,700 $849,708 $772,180 $77,528
2024 $9,700 $833,048 $757,040 $76,008
2023 $9,464 $816,714 $742,196 $74,518
2022 $9,396 $800,700 $727,643 $73,057
2021 $9,235 $785,000 $713,375 $71,625
2020 $1,882 $104,659 $35,690 $68,969
2019 $1,851 $102,607 $34,990 $67,617
2018 $1,825 $100,596 $34,304 $66,292
2017 $1,797 $98,624 $33,631 $64,993
2016 $1,766 $96,691 $32,972 $63,719
2015 $1,724 $95,239 $32,477 $62,762
2014 $1,679 $93,374 $31,841 $61,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20030604

California Regional Multiple Listing Service (CRMLS)

APN: 030-024-22

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