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Listing IDTR21073995
Sold For$1,720,000
Price/SqFt$462.24
StatusClosed
Sold Date10/06/2021
SqFt
3,721
Acres
0.170
CountyOrange
SubdivisionFullerton Crest (FUCR)
Year Built1956
Property TypeResidential Income
Well Maintained in City of Fullerton 6 Units Multifamily Investment Apartment. Nice Neighborhood which Provides 3 of 2-Car Garages in the Back for Additional Rental Income. The Property Consist of 6 Units - 4 Units are One Bedroom with One Bath $ 1450 / $ 1495 Per Month, 2 Units are Two Bedrooms with One Bath ( $ 1675 / $ 1550 Per Month). The building has Remodeling which Includes Newer Paint, Newer Windows, Newer Cabinets in Most of the Units, Newer Laminated Flooring. Annual Scheduled Gross Income to be Approx. $108,840. Annual Scheduled Expense to be Approx. $ 33,677 which Covers Property Tax / Management Service/ Landscaping Fee/ Common Area Electricity, Gas, Trash Water. Each Unit has its Own Electricity and Gas Meter. Landlord Pays Water and Trash. Net Operating Income from the Annual Schedule Gross Income is $75,163. Annual Pro Forma Rental Income is $116,458. Cap Rate 4.22%. Walking Distance to Pacific DR Elementary School. Just Half a Mile to Downtown Fullerton, Fullerton College, and Amtrack Station. Easy to Access Freeway 91 and 57.
County
Orange
Price/SqFt
462.24
Property Type
Residential Income
Subdivision
Fullerton Crest (FUCR)
Year Built
1956
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
No Common Walls
Cooling
no
Cooling Type
None
Fireplace
no
Fireplace Features
None
Garage Spaces
6
Heating
yes
Heating Type
Wall Furnace
Laundry
yes
Laundry Features
Common Area
Levels
Two
Stories Total
2
Lot Features
Flag Lot
Lot Size Area
7405
Lot Size Source
Assessor
Lot Size Square Feet
7405
Number Of Buildings
1
Parking Features
Garage, Street
Parking Total
6
Pool Features
None
Private Pool
no
Property Attached
no
Sewer
Public Sewer
Water Source
Public
Country
US
Elevation Units
Feet
MLS Area Major
83 - Fullerton
Subdivision Name Other
Fullerton Crest (FUCR)
Additional Parcels
no
Association
no
Community Features
Sidewalks
Days On Market
111
List Agent State License
01772547
List Office State License
01327527
Lot Size Units
Square Feet
New Construction
no
Number Of Separate Electric Meters
7
Number Of Separate Gas Meters
7
Number Of Separate Water Meters
1
Number Of Units Leased
6
Number Of Units Total
6
Parcel Number
03133104
Senior Community
no
Year Built Source
Assessor
Electric Expense
75
Fuel Expense
900
Gardener Expense
1200
Gross Scheduled Income
108840
Insurance Expense
4500
Land Lease
no
Net Operating Income
75163
New Taxes Expense
16213
Operating Expense
33677
Professional Management Expense
4200
Rent Control
yes
Special Listing Conditions
Standard
Tax Lot
4
Tax Tract Number
1687
Total Actual Rent
9070
Total Expenses
33677
Trash Expense
814
Water Sewer Expense
5775
© 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, March 28th, 2024.
Based on information from CARETS as of Thursday, March 28th, 2024 10:16:57 AM. 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, March 28th, 2024 10:16:57 AM. 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 TR21073995
Mahesh Patel
8028 Santa Ana Canyon Road
Anaheim Hills, CA 92808
Phone: 7144708600
Data services provided by IDX Broker