NOT LISTED FOR SALE

401 N Basque Ave Fullerton, CA 92833

Estimated Value: $802,000 - $1,216,000

4 Beds
2 Baths
1,887 Sq Ft
$513/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $610,000 $323 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,703/month

4 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • Laundry Room
  • D. Russell Parks Junior High School Rated A-
  • No HOA
  • Ceiling Fan

About This Home

As of June 2019

Here is a high demand duplex in a well-established neighborhood of mostly single family homes and is ideally located less than two miles from Downtown Fullerton. Located in the Lower Muckenthaler Neighborhood of Fullerton and the schools are excellent including Parks Jr. High and Sunny Hills High School. The central location has easy access to: Shopping, dining, transportation, the Fullerton Loop recreational trails, and the arts and entertainment that Downtown Fullerton has to offer. Rentals in this area are in high demand and offer good potential rental income. This home is well priced and is a fixer. The back unit has been stripped and is ready for a remodel. Each home has its own single car garage, driveway, large front yard and its own private back yards. Basque in the California sun and build your rental portfolio today.

Last Agent to Sell the Property

Cristal Drake

Circa Properties, Inc. License #01272061 Listed on: 05/30/2019

Circa Properties, Inc.

Co-Listed By

David Drake

Circa Properties, Inc. License #01446908

Last Buyer's Agent

Lori Fenn

Keller Williams Realty License #01901613

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 8,168 Sq Ft Lot
  • 1 Common Wall
  • Southeast Facing Home
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Fence is in good condition
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,887 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Panel Doors

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 110
  • Assessor Parcel Number 03026109

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,500
  • Operating Expense $3,443
  • Gross Income $21,000
  • Net Operating Income $46,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lower Muckenthaler
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Ranch
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 03026109
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 323.26
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Chain Link, Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Walkstreet, Yard
  • Lot Size Sq Ft: 8168.00
  • Lot Size Acres: 0.1875

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 21000.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8168.0000 Square Feet
  • Net Operating Income: 46400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 4000.00
  • Rent Control: No
  • Total Actual Rent: 1750.00
  • Total Expenses: 3443.48

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 1
  • Tax Tract Number: 110.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2020
Sold by
Edmondson Shannon Carol
Bought by
Edmondson David Kevin
Current Estimated Value
$968,564

Purchase Details

Closed on
Dec 30, 2019
Sold by
Gd Bristol Llc
Bought by
Edmondson David Kevin

Purchase Details

Listed on
May 30, 2019
Closed on
Jun 10, 2019
Sold by
Henley Carl L
Bought by
Gd Bristol Llc
Seller's Agent
Cristal Drake
Circa Properties, Inc.
Buyer's Agent
Lori Fenn
Keller Williams Realty
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$457,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2009
Sold by
Henley Carl L
Bought by
Henley Carl L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Edmondson David Kevin -- Accommodation
Edmondson David Kevin -- Accommodation
Gd Bristol Llc $610,000 First American Title Company
Henley Carl L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gd Bristol Llc $457,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $610,000 -2.4% $323 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $625,000 -- $331 / 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 $7,656 $680,463 $605,005 $75,458
2024 $7,656 $667,121 $593,142 $73,979
2023 $7,471 $654,041 $581,512 $72,529
2022 $7,420 $641,217 $570,110 $71,107
2021 $7,292 $628,645 $558,932 $69,713
2020 $7,252 $622,200 $553,201 $68,999
2019 $1,159 $61,687 $26,143 $35,544
2018 $1,143 $60,478 $25,630 $34,848
2017 $1,126 $59,293 $25,128 $34,165
2016 $1,107 $58,131 $24,635 $33,496
2015 $1,081 $57,258 $24,265 $32,993
2014 $1,054 $56,137 $23,790 $32,347
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19126074

California Regional Multiple Listing Service (CRMLS)

APN: 030-261-09