NOT LISTED FOR SALE

900 E Chapman Ave Fullerton, CA 92831

6 Beds
-- Bath
4,674 Sq Ft
0.3 Acres

Last Sold May 24, 2022

Last sale price $1,800,000 $385 Per Sq Ft

169 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Byerrum Park
  • Fullerton Union High School Rated A-

About This Home

As of May 2022

Very desirable rental area in City of Fullerton, one of the strongest rental markets in Southern California; East of downtown Fullerton; 1BR/1Bath on 3 free standing buildings;6 units totaling 4,674 square feet, situated on a 13,255 square foot lot; Offers stability of income due to their proximity to downtown Fullerton,Cal State Fullerton University, St. Jude Hospital, etc.;Always fully occupied with Long terms tenants;This rarely vacant Chapman Apartments,multi-building investment property has excellent visibility on Chapman Avenue;Just blocks from downtown Fullerton shops,restaurants, business offices,banks, Fullerton Library,Fullerton Metrolink; 6 single car garages with additional dedicated parkings;Strong rental market with potential to increase rents;This is an excellent opportunity for investors. Property located at very close to shopping centers and schools, also very easy access to FWY 91, 57 and 5.Enjoy all that downtown Fullerton has to offer. Please Drive-By only and do not disturb occupant.

Last Agent to Sell the Property

Ed Pascual

T.N.G. Real Estate Consultants License #01025206 Listed on: 10/03/2021

T.N.G. Real Estate Consultants

Last Buyer's Agent

Carnie Chung

T.N.G. Real Estate Consultants License #01433245

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 6 Car Garage
  • 6 Carport Spaces

Home Design

  • 4,674 Sq Ft Home
  • Apartment

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • 6 Bedrooms
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 205
  • Assessor Parcel Number 03316201

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $5,396
  • Maintenance Expense $6,631
  • Professional Management Expense $2,963
  • Trash Expense $1,000
  • Water Sewer Expense $2,887
  • New Taxes Expense $16,176
  • Operating Expense $35,053
  • Gross Income $102,780
  • Net Operating Income $23,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 2963.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2887.00
  • Property Type: Residential Income
  • Parcel Number: 03316201
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 385.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 13255.00
  • Lot Size Acres: 0.3043

Multi Family

  • Gross Income: 102780.00
  • Gross Scheduled Income: 102780.00
  • Insurance Expense: 5396.00
  • Lot Size Area: 13255.0000 Square Feet
  • Maintenance Expense: 6631.00
  • Net Operating Income: 23146.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 6
  • Operating Expense: 79633.00
  • Rent Control: No
  • Total Expenses: 35053.00

Tax Info

  • New Taxes Expense: 16176.00
  • Tax Lot: 47
  • Tax Tract Number: 205

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
05/24/2022 05/24/22 Sold $1,800,000 0.0% $385 / Sq Ft
04/28/2022 04/28/22 For Sale $1,800,000 0.0% $385 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/15/2022 03/15/22 Off Market $1,800,000 -- --
10/03/2021 10/03/21 For Sale $1,800,000 +41.7% $385 / Sq Ft
09/15/2015 09/15/15 Sold $1,270,000 -6.5% $272 / Sq Ft View Prior Sale
08/01/2015 08/01/15 Pending -- -- --
03/26/2015 03/26/15 For Sale $1,359,000 -- $291 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21219986

California Regional Multiple Listing Service (CRMLS)