NOT LISTED FOR SALE

420 E Chapman Ave Fullerton, CA 92832

Fullerton Area

Estimated Value: $2,901,352

1 Bed
2 Baths
5,496 Sq Ft
$528/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2015

Last sale price $1,500,000 $273 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $16,050 / mo

31 Days on Market

Highlights

  • Corner Lot
  • Fullerton Union High School Rated A-
  • No HOA

About This Home

As of September 2015

Strategically located in one of the strongest rental markets in Orange County and on a corner parcel blocks east of Downtown Fullerton are the Chapman Newell apartments built in 1914 and offer (8) 1 bedroom and 1 bathroom apartments and (2) studio with 1 bathroom apartments. The Chapman Newell
apartments offer stability due to their proximity, low expenses and seldom vacancies, located across the street from Fullerton College, approximately 2 miles from both Cal State Fullerton and St. Jude Hospital. This multi-building investment property provides excellent visibility on Chapman Avenue, dedicated parking, strong unit mix and upside to increase rents. Just blocks from all of Downtown Fullerton shops, restaurants, the Fullerton Library, Fullerton Union and Fullerton MetroLink.

Last Agent to Sell the Property

Cameron Irons

SVN / Vanguard License #01176224 Listed on: 05/18/2015

SVN / Vanguard

Last Buyer's Agent

Cameron Irons

SVN / Vanguard License #01176224 Listed on: 05/18/2015

SVN / Vanguard

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 8,642 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 5,496 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 4 / 6
  • Tax Tract Number 805
  • Assessor Parcel Number 03307120

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,777
  • Gardener Expense $580
  • Insurance Expense $2,775
  • Maintenance Expense $5,978
  • Trash Expense $2,437
  • Water Sewer Expense $977
  • New Taxes Expense $17,050
  • Gross Income $9,545
  • Net Operating Income $77,665

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

8,642 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 977.00
  • Property Type: Residential Income
  • Gardener Expense: 580.00
  • Parcel Number: 03307120
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 272.93

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2437.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Lot 6500-9999, Corner Lot
  • Lot Size Sq Ft: 8642.00
  • Price Per Lot Square Foot: 173.57
  • Lot Size Acres: 0.1980

Multi Family

  • Electric Expense: 2777.00
  • Gross Income: 9545.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 114540.00
  • Insurance Expense: 2775.00
  • Lot Size Area: 8642.0000 Square Feet
  • Maintenance Expense: 5978.00
  • Net Operating Income: 77665.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 33439.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17050.00
  • Tax Block: 6
  • Tax Lot: 4
  • Tax Tract Number: 805
  • Tax Year: 2014

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
Jul 9, 2015
Sold by
Bought by
Current Estimated Value
$2,901,352

Purchase Details

Closed on
May 3, 2007
Sold by
Bought by
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
$1,500,000 First American Title Company
-- None Available
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
09/10/2015 09/10/15 Sold $1,500,000 -3.2% $273 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $1,550,000 -- $282 / 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 $1,613 $1,811,206 $1,207,473 $603,733
2025 $1,558 $1,775,693 $1,183,797 $591,896
2024 $1,558 $1,740,876 $1,160,585 $580,291
2023 $1,504 $1,706,742 $1,137,829 $568,913
2022 $1,457 $1,673,277 $1,115,519 $557,758
2021 $1,441 $1,640,468 $1,093,646 $546,822
2020 $1,424 $1,623,648 $1,082,432 $541,216
2019 $1,424 $1,591,812 $1,061,208 $530,604
2018 $1,407 $1,560,600 $1,040,400 $520,200
2017 $1,390 $1,530,000 $1,020,000 $510,000
2016 $17,661 $1,500,000 $1,000,000 $500,000
2015 $3,757 $221,707 $70,819 $150,888
2014 $3,659 $217,365 $69,432 $147,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15105937

California Regional Multiple Listing Service (CRMLS)

APN: 033-071-20

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