NOT LISTED FOR SALE

Estimated Value: $984,000 - $1,440,000

6 Beds
3 Baths
2,205 Sq Ft
$554/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $1,199,000 $544 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,521/month

42 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • Fullerton Union High School Rated A
  • Cooling Available
  • Garden

About This Home

As of October 2021

The subject property is in the strong rental market of South Fullerton near the corner of E Commonwealth Ave. and Lemon St. Tenants of the property can enjoy being centrally located to Downtown Fullerton providing ample shopping, restaurant, and entertainment venues as well as 91/57 freeways allowing for easy access to and from the property. Built in 1954/1936, the subject property consists of two separate single-family homes on one parcel. The front unit of the property (444 E. Truslow) (built in 1954) consists of two-bedrooms and one bathroom to total 889 sq. ft. along with large standalone two-car garage, a backyard and RV Parking. The entire front unit was completely renovated in 2018. The back unit of the property (445 E. Patterson Way) (built in 1936) consists of four-bedrooms, a standalone bonus room (98 sq. ft.), a storage room/shed (with built in shelves), and two-bathrooms to total 1,316 sq. ft. The entire back unit was completely renovated in 2020. Each unit comes equipped with its own water, gas, and electricity meters and the tenant's of the property are currently covering all utility expenses. Please contact Listing Broker for OM.

Last Agent to Sell the Property

Ari Gharib

LFA Multifamily Inc. License #01981194 Listed on: 08/03/2021

Last Buyer's Agent

Joan Lee

Epic Realty License #01328888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,329

Year Built

  • Built in 1936

Lot Details

  • 8,154 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Garden

Parking

  • 2 Car Garage
  • Parking Available

Interior Spaces

  • 2,205 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 398
  • Assessor Parcel Number 03314713

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $882
  • Maintenance Expense $1,258
  • New Taxes Expense $14,070
  • Operating Expense $16,210
  • Gross Income $62,940
  • Net Operating Income $46,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,329

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.84
  • Price Per Unit: 599500
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 03314713
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 543.76

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Paved, Garage
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 8154.00
  • Lot Size Acres: 0.1872

Multi Family

  • Gross Income: 62940.00
  • Gross Multiplier: 19.05
  • Gross Operating Income: 61681.00
  • Gross Scheduled Income: 62940.00
  • Insurance Expense: 882.00
  • Lot Size Area: 8154.0000 Square Feet
  • Maintenance Expense: 1258.00
  • Net Operating Income: 46025.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 15656.00
  • Rent Control: No
  • Total Expenses: 16210.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 14070.00
  • Tax Census Tract: 116.02
  • Tax Lot: 34
  • Tax Tract Number: 398

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Sep 17, 2021
Sold by
Huang Weixiong W and Huang Sary S
Bought by
Choi Yong Hoon and Park Eun Young
Seller's Agent
Ari Gharib
LFA Multifamily Inc.
Buyer's Agent
Joan Lee
Epic Realty
List Price
$1,250,000
Sold Price
$1,199,000
Premium/Discount to List
-$51,000
-4.08%
Current Estimated Value
$1,222,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,231
Avg. Annual Appreciation
0.48%

Purchase Details

Closed on
Jul 13, 2010
Sold by
Truslow Trust #444
Bought by
Huang Weixiong W and Huang Sary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2010
Sold by
Mccoy Bobby and Mccoy Stacy
Bought by
Truslow Trust #444

Purchase Details

Closed on
Feb 11, 2004
Sold by
Mccoy Bobby and Mccoy Stacy
Bought by
Mccoy Boddy and Mccoy Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 1, 2003
Sold by
Parra Jose R and Parra Maria P
Bought by
Mccoy Bobby and Mccoy Stacy L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Choi Yong Hoon $1,199,000 Chicago Title Company
Huang Weixiong W $415,000 First American Title Company
Truslow Trust #444 $237,000 None Available
Mccoy Boddy -- Fidelity National Title
Mccoy Bobby -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huang Weixiong W $310,000
Previous Owner Mccoy Boddy $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2021 10/12/21 Sold $1,199,000 0.0% $544 / Sq Ft
09/07/2021 09/07/21 Price Changed $1,199,000 -4.1% $544 / Sq Ft
08/03/2021 08/03/21 For Sale $1,250,000 -- $567 / 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 $13,329 $1,272,387 $1,205,446 $66,941
2024 $13,329 $1,199,000 $1,135,918 $63,082
2023 $13,261 $1,031,000 $967,918 $63,082
2022 $13,434 $1,199,000 $1,135,918 $63,082
2021 $5,807 $491,194 $427,996 $63,198
2020 $5,775 $486,158 $423,608 $62,550
2019 $5,629 $476,626 $415,302 $61,324
2018 $5,545 $467,281 $407,159 $60,122
2017 $5,454 $458,119 $399,175 $58,944
2016 $5,342 $449,137 $391,348 $57,789
2015 $5,196 $442,391 $385,470 $56,921
2014 $5,048 $433,726 $377,920 $55,806
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21170389

California Regional Multiple Listing Service (CRMLS)

APN: 033-147-13