Seller's Agent in 2021
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
172 Total Sales
617 W Commonwealth Ave Fullerton, CA 92832
Fullerton Area
5
Beds
3
Baths
2,581
Sq Ft
6,970
Sq Ft Lot
About This Home
As of October 2021617 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
Marcus & Millichap RE Invest License #01451551 Listed on: 08/09/2021
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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
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
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
Listed on
Aug 9, 2021
Closed on
Oct 8, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Nick Hoffman
Western International
List Price
$1,300,000
Sold Price
$1,325,000
Premium/Discount to List
$25,000
1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$606,482
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 9, 2021
Closed on
Sep 24, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Nick Hoffman
Western International
List Price
$1,300,000
Sold Price
$1,325,000
Premium/Discount to List
$25,000
1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$606,482
Interest Rate
2.8%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| -- | -- | ||
| $1,325,000 | Chicago Title Co Com Div |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $680,000 |
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 |
|---|---|---|---|---|
| 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
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 | $16,412 | $1,434,222 | $1,303,761 | $130,461 |
| 2025 | $15,768 | $1,406,100 | $1,278,197 | $127,903 |
| 2024 | $15,768 | $1,378,530 | $1,253,134 | $125,396 |
| 2023 | $15,387 | $1,351,500 | $1,228,562 | $122,938 |
| 2022 | $15,283 | $1,325,000 | $1,204,472 | $120,528 |
| 2021 | $1,918 | $86,261 | $38,075 | $48,186 |
| 2020 | $1,902 | $85,377 | $37,685 | $47,692 |
| 2019 | $1,876 | $83,703 | $36,946 | $46,757 |
| 2018 | $1,851 | $82,062 | $36,221 | $45,841 |
| 2017 | $1,824 | $80,453 | $35,510 | $44,943 |
| 2016 | $1,794 | $78,876 | $34,814 | $44,062 |
| 2015 | $1,755 | $77,692 | $34,291 | $43,401 |
| 2014 | $1,713 | $76,171 | $33,620 | $42,551 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Nick Hoffman
Buyer's Agent in 2021
Nick Hoffman
Western International
(714) 741-8020
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21175652
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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