NOT LISTED FOR SALE

525 W Commonwealth Ave Fullerton, CA 92832

Estimated Value: $1,105,229

2 Beds
2 Baths
1,674 Sq Ft
$660/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $650,000 $388 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,984/month

975 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 5-minute walk to Ford Park
  • Golden Hill Elementary School Rated A-
  • Zero Lot Line

About This Home

As of July 2017

Classic 1922 charm. Both units are 1 bedroom, 1 bath with a 2 car garage and additional parking on the property. Freshly Painted exterior.There is a non permitted studio located in rear of property, owner is currently using the studio as an office. Property Sold in "AS IS' condition. Large size lot 10,019 Sq. Ft. Good location. Close to Fullerton College, Shopping, Downtown, and restaurants.

Last Agent to Sell the Property

DeAnna Rehnert

Seven Gables Real Estate License #01269974 Listed on: 10/13/2014

Last Buyer's Agent

Lena Byun

New Star Realty & Investment License #01827068

New Star Realty & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,760

Year Built

  • Built in 1922

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • Zero Lot Line

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,674 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 668
  • Assessor Parcel Number 03207427

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,884
  • Gardener Expense $960
  • Insurance Expense $890
  • Trash Expense $600
  • Water Sewer Expense $630
  • New Taxes Expense $790
  • Operating Expense $6,078
  • Gross Income $2,545
  • Net Operating Income $24,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,760

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Agent
  • Other Phone Number: 714-815-6215
  • Property Attached: No
  • Subdivision Name Other: Fullerton Creek Homes (FUCH)
  • Water Sewer Expenses: 630.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 03207427
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 388.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Zero Lot Line
  • Lot Size Sq Ft: 10019.00
  • Price Per Lot Square Foot: 64.88
  • Lot Size Acres: 0.2300

Multi Family

  • Electric Expense: 1884.00
  • Gross Income: 2545.00
  • Gross Scheduled Income: 30540.00
  • Insurance Expense: 890.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 24462.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6078.00
  • Rent Control: No
  • Total Expenses: 6078.00

Tax Info

  • New Taxes Expense: 790.00
  • Tax Lot: 12
  • Tax Tract Number: 668
  • Tax Annual Amount: 4760.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2023
Sold by
Jung Hyung Seuk
Bought by
Jung Family Trust and Jung
Total Days on Market
975
Current Estimated Value
$1,105,229

Purchase Details

Closed on
Oct 1, 2018
Sold by
Kim Myong Ki and Kim Young Sook
Bought by
Myck Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 13, 2014
Closed on
Jul 10, 2017
Sold by
Jung Sun Hee
Bought by
Jung Hyung Seuk
Seller's Agent
DeAnna Rehnert
Seven Gables Real Estate
Buyer's Agent
Lena Byun
New Star Realty & Investment
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%

Purchase Details

Listed on
Oct 13, 2014
Closed on
Jun 15, 2017
Sold by
Marlow James C
Bought by
Jung Hyung Seuk
Seller's Agent
DeAnna Rehnert
Seven Gables Real Estate
Buyer's Agent
Lena Byun
New Star Realty & Investment
List Price
$650,000
Sold Price
$650,000

Purchase Details

Closed on
Aug 16, 2006
Sold by
Marlow James C and Marlow Kris
Bought by
Marlow James C and Marlow Kristine M

Purchase Details

Closed on
Nov 12, 2004
Sold by
Cho Yong Jin
Bought by
Marlow James C and Marlow Kris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2004
Sold by
Ersek Andrew L and Ersek Marion A
Bought by
Cho Yong Jin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,100
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2001
Sold by
Rizk Salam K and Rizk Yolla J
Bought by
Ersek Andrew L and Ersek Marion A
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
Jung Family Trust -- None Listed On Document
Myck Llc -- Provident Title Co
Jung Hyung Seuk -- First American Title Co
Jung Hyung Seuk $650,000 First American Title Co
Marlow James C -- None Available
Marlow James C $650,000 Southland Title
Cho Yong Jin $499,000 First American Title Co
Ersek Andrew L $233,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myck Llc $180,000
Previous Owner Marlow James C $520,000
Previous Owner Marlow James C $520,000
Previous Owner Cho Yong Jin $449,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $650,000 0.0% $388 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $650,000 0.0% $388 / Sq Ft
04/04/2017 04/04/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $650,000 0.0% $388 / Sq Ft
01/08/2017 01/08/17 Off Market $650,000 -- --
11/16/2016 11/16/16 For Sale $650,000 0.0% $388 / Sq Ft
11/02/2016 11/02/16 Off Market $650,000 -- --
10/13/2014 10/13/14 For Sale $709,000 -- $424 / 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
2024 $13,417 $879,973 $671,893 $208,080
2023 $13,056 $862,719 $658,719 $204,000
2022 $12,890 $845,803 $645,803 $200,000
2021 $7,825 $722,141 $633,141 $89,000
2020 $7,848 $676,260 $626,649 $49,611
2019 $7,646 $663,000 $614,361 $48,639
2018 $7,531 $650,000 $602,314 $47,686
2017 $5,917 $500,000 $447,362 $52,638
2016 $5,435 $456,862 $404,224 $52,638
2015 $5,285 $450,000 $398,152 $51,848
2014 $4,781 $407,803 $355,955 $51,848
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14219590

California Regional Multiple Listing Service (CRMLS)

APN: 032-074-27