NOT LISTED FOR SALE

635 W Commonwealth Ave Fullerton, CA 92832

Fullerton Area
1 Bed
1 Bath
2,551 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: August 22, 2023

Last sale price $1,195,000 $468 Per Sq Ft

37 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Bike Trail
  • Golden Hill Elementary School Rated A-
  • Park
  • 1-Story Property

About This Home

As of August 2023

4-unit multi-family investment property in Fullerton. This property is ideally located within blocks of Downtown Fullerton and within a 2-mile radius of major shopping centers providing residents with many options for dining, retail, and entertainment. Additionally, the property is situated approximately 3 miles from Cal State Fullerton and 1 mile from Fullerton College. Conveniently located near major transportation arteries including Interstate 5 and 91 Freeway, providing easy access to Orange and LA Counties.

Last Agent to Sell the Property

Todd Frelinger

Prime Equity Properties, Inc. License #01748434 Listed on: 05/31/2023

Last Buyer's Agent

Sam Beshara

RE/MAX TerraSol License #02094495

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,551 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1063
  • Assessor Parcel Number 03207324
  • $1,002 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $67
  • Insurance Expense $1,000
  • Maintenance Expense $2,414
  • Trash Expense $198
  • Water Sewer Expense $1,079
  • New Taxes Expense $13,500
  • Operating Expense $18,595
  • Gross Income $67,512
  • Net Operating Income $48,917

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

6,970 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Quad/A
  • Water Sewer Expenses: 1079.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 03207324
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 468.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 198.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 67.00
  • Gross Income: 67512.00
  • Gross Operating Income: 67512.00
  • Gross Scheduled Income: 67512.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6970.0000 Square Feet
  • Maintenance Expense: 2414.00
  • Net Operating Income: 48917.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 18595.00
  • Rent Control: Yes
  • Total Expenses: 18595.00

Tax Info

  • New Taxes Expense: 13500.00
  • Tax Census Tract: 112.00
  • Tax Lot: 3
  • Tax Tract Number: 1063
  • TaxOtherAnnualAssessmentAmount: 1002.00

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
May 31, 2023
Closed on
Jul 13, 2023
Sold by
Bought by
Seller's Agent
Todd Frelinger
Prime Equity Properties, Inc.
Buyer's Agent
Sam Beshara
RE/MAX TerraSol
List Price
$1,250,000
Sold Price
$1,195,000
Premium/Discount to List
-$55,000
-4.4%
Views
599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,250
Interest Rate
0.0681%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 1994
Sold by
Bought by
Source: Public Records
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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
$1,195,000 Lawyers Title
-- --
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 $885,000
Closed $896,250
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
08/22/2023 08/22/23 Sold $1,195,000 -4.4% $468 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $1,250,000 -- $490 / 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
2025 $14,379 $1,218,900 $1,113,512 $105,388
2024 $13,815 $1,195,000 $1,091,678 $103,322
2023 $1,864 $78,244 $39,613 $38,631
2022 $1,829 $76,710 $38,836 $37,874
2021 $1,802 $75,206 $38,074 $37,132
2020 $1,787 $74,435 $37,683 $36,752
2019 $1,765 $72,976 $36,944 $36,032
2018 $1,741 $71,546 $36,220 $35,326
2017 $1,716 $70,144 $35,510 $34,634
2016 $1,688 $68,769 $34,814 $33,955
2015 $1,652 $67,737 $34,292 $33,445
2014 $1,613 $66,411 $33,621 $32,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23095510

California Regional Multiple Listing Service (CRMLS)

APN: 032-073-24

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