NOT LISTED FOR SALE

617 W Commonwealth Ave Fullerton, CA 92832

5 Beds
3 Baths
2,581 Sq Ft
6,970 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $1,325,000 $513 Per Sq Ft

28 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 5-minute walk to Ford Park
  • Golden Hill Elementary School Rated A-

About This Home

As of October 2021

617 West Commonwealth Avenue is a 4-unit multifamily investment property located in Fullerton, one of the premier rental submarkets in Orange County. Built in 1947, 617 West Commonwealth Avenue contains an attractive unit mix consisting of one and two-bedroom units. Situated on a 0.16-acre lot, the property offers amenities including gated access, garage and uncovered parking, a spacious yard, security doors, and on-site laundry. The property benefits from its excellent Fullerton location, positioned within blocks of Downtown Fullerton and within a 2-mile radius of 4 major shopping centers, providing residents with easy access to a plethora of retail, dining, and entertainment options. Additionally, the property is situated within 1 mile of Fullerton College and 3 miles of California State University, Fullerton, which have a combined enrollment of over 63,000 students. The property is located within close proximity of major transportation corridors including State Route 91 and Interstate 5, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/09/2021

Last Buyer's Agent

Nick Hoffman

Western International License #00811392

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1947

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 2,581 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1063
  • Assessor Parcel Number 03207317
  • $975 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $983
  • Fuel Expense $983
  • Insurance Expense $1,102
  • Maintenance Expense $2,400
  • Other Expense $3,775
  • Trash Expense $983
  • Water Sewer Expense $983
  • New Taxes Expense $14,118
  • Operating Expense $25,325
  • Gross Income $75,000
  • Net Operating Income $47,443

Property Details

Home Type

Apartment

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 982.50
  • Property Type: Residential Income
  • Parcel Number: 03207317
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 513.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 982.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size Sq Ft: 6969.60
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 982.50
  • Fuel Expense: 982.50
  • Gross Income: 75000.00
  • Gross Operating Income: 72168.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 1102.00
  • Lot Size Area: 0.1600 Acres
  • Maintenance Expense: 2400.00
  • Net Operating Income: 47443.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25325.00
  • Other Expense: 3775.00
  • Other Expense Description: Misc
  • Other Income1: 600.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 6200.00
  • Total Expenses: 25325.00

Tax Info

  • New Taxes Expense: 14118.00
  • Tax Census Tract: 112.00
  • Tax Lot: 6
  • Tax Tract Number: 1063
  • TaxOtherAnnualAssessmentAmount: 974.63

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $1,325,000 +1.9% $513 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,300,000 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2021

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    155 Total Sales

    Tyler Leeson
    Section Image
  • Nick Hoffman

    Buyer's Agent in 2021

    Nick Hoffman

    Western International

    (714) 741-8020

    9 Total Sales

    Nick Hoffman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21175652

California Regional Multiple Listing Service (CRMLS)
California Orange County Fullerton 92832

617 W Commonwealth Ave, Fullerton, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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