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Listing IDPW22148926
Sold For$1,750,000
Price/SqFt$374.97
StatusClosed
Sold Date10/17/2022
SqFt
4,667
Acres
0.220
CountyOrange
SubdivisionFairway Village (FRVL)
Year Built1959
Property TypeResidential Income
This 5-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County. The property offers an attractive unit mix consisting of (4) two-bedroom floor plans and (1) one-bedroom floor plan, along with amenities including private patios or balconies, on-site laundry, and garage parking. The property benefits from its close proximity to California State University, Fullerton (CSUF) and St Jude Medical Center. The Property is situated in close proximity to State Route 57 and Harbor Blvd, connecting residents to regional employment hubs.
Value Add Opportunity. Upside to Market rents approximately 30%-40%. 5 - single car garages. Each unit has private patio. Small private inground pool as a tenant amenity.
County
Orange
Price/SqFt
374.97
Property Type
Residential Income
Subdivision
Fairway Village (FRVL)
Year Built
1959
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Average Studio Area Units
Square Feet
Building Area Units
Square Feet
Common Walls
2+ Common Walls
Flooring
Carpet, Tile, Vinyl
Garage Spaces
5
Laundry
yes
Laundry Features
Common Area
Levels
One
Lot Features
2-5 Units/Acre, Cul-De-Sac, Lot 6500-9999, Irregular Lot
Lot Size Area
9583
Lot Size Source
Assessor
Lot Size Square Feet
9583
Number Of Buildings
1
Parking
yes
Parking Features
Garage Faces Side, Garage - Single Door
Parking Total
5
Pool Features
Private, Fenced, Filtered, Gunite, In Ground, Solar Heat
Private Pool
yes
Property Attached
yes
Road Surface Type
Alley Paved, Paved
Sewer
Public Sewer
Water Source
Public
Country
US
Elevation Units
Feet
MLS Area Major
83 - Fullerton
Subdivision Name Other
Fairway Village (FRVL)
Additional Parcels
no
Assessments
Buyer to Verify
Community Features
Curbs
Days On Market
54
List Agent State License
01930012
List Office State License
01926151
Lot Size Units
Square Feet
New Construction
no
Number Of Separate Electric Meters
5
Number Of Separate Gas Meters
5
Number Of Separate Water Meters
1
Number Of Units Total
5
Parcel Number
02833022
Senior Community
no
Year Built Source
Assessor
Electric Expense
2114
Fuel Expense
2312
Gardener Expense
1300
Gross Multiplier
20.5
Gross Scheduled Income
85230
Insurance Expense
7901
Land Lease
no
Laundry Equipment Own Lease
Own
Net Operating Income
53812
New Taxes Expense
19250
Operating Expense
28948
Pool Expense
1158
Price Per Unit
350000
Rent Control
yes
Special Listing Conditions
Standard, Trust
Tax Census Tract
16.03
Tax Lot
12
Tax Tract Number
1768
Tenant Pays
Cable TV, Electricity, Gas
Total Expenses
28948
Trash Expense
1400
Vacancy Allowance Rate
3
Water Sewer Expense
1400
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to First Team Real Estate or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 06:15:19 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Thursday, April 18th, 2024 06:15:19 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Contact - Listing ID PW22148926
Mahesh Patel
8028 Santa Ana Canyon Road
Anaheim Hills, CA 92808
Phone: 7144708600
Data services provided by IDX Broker