112 W Commonwealth Ave, Fullerton, CA 92832
View Photos

112 W Commonwealth Ave Fullerton, CA 92832

$3,500,000 Sold Price as of 09/25/2020
  • -- Beds
  • -- Baths
  • 7,000 Sq.Ft.
Sold
$3,500,000 Sold Price as of 09/25/2020 Refinance Your Mortgage

Map preview of 112 W Commonwealth Ave, Fullerton, CA 92832

Property Overview: 112 W Commonwealth Ave Fullerton, CA has -- bedrooms, -- bathrooms, 7,000 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity for a multi-tenant retail oriented investment opportunity strategically located in the heart of Downtown Fullerton. The 112 W Commonwealth Avenue Building is comprised of 3 tenants all on NNN lease terms. Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The 112 W Commonwealth Avenue Building is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages. The 112 W Commonwealth Avenue Building will be marketed free and clear of any existing financing creating an opportunity to place creative financing tailored to an investor's desired hold period and risk profile to further enhance returns. The 112 W Commonwealth Avenue Building is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (19,800 vehicles per day) with a total of over 64,100 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with a complete building renovation (to the studs) in 2008 lead to minimal deferred maintenance.

Listed by Cameron Irons | BRE #01176224 | SVN / Vanguard
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Retail
Status
Sold
MLS#
PW20161136
City
Fullerton
County
Orange
Time on Site
1255 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $131,376
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $45,600
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $61,800
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.36%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $294,023
  • Net Operating Income: $238,776
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $55,247
  • Insurance: $3,933
  • Other Expenses: $9,645

Property Details for 112 W Commonwealth Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 03224210
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Near Harbor Blvd & Commonwealth Blvd Intersection
View more facts & features

Local Fullerton Agent

Loading...

Sale History for 112 W Commonwealth Ave

Last sold for $3,500,000 on September 25th, 2020
  • September, 2020

  • Sep 28, 2020

    Date

    Sold

    CRMLS: PW20161136

    $3,500,000

    Price

  • Aug 26, 2020

    Date

    Active Under Contract

    CRMLS: PW20161136

    $3,750,000

    Price

  • Aug 10, 2020

    Date

    Active

    CRMLS: PW20161136

    $3,750,000

    Price

  • October, 2004

  • Oct 27, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 112 W Commonwealth Ave

Assessed Value (2020): $1,399,518
Year Land Value Improved Value Assessed Value
2020 $699,759 $699,759 $1,399,518

Home Value Compared to the Market

This property vs the competition

112 W Commonwealth Ave sold on September 25, 2020 for 303.23% higher than the current median sold price for the city of Fullerton which is $930,000. The median sold price per/sqft for Fullerton is $613 and this home is sold at $535.71 per/sqft which puts the price per square foot 12.61% lower than the current median sale per square foot for the city of Fullerton.

About 112 W Commonwealth Ave

Detailed summary of property

112 W Commonwealth Ave is a retail that recently sold in Fullerton, CA 92832. This retail property offered -- bedrooms, -- bathrooms, roughly 7,000 living square feet, and sits on an approximately 7,000 square foot lot. 112 W Commonwealth Ave was first listed on ArdentRealEstateGroup.com on April 1, 2021. The homeowner sold the property for $3,500,000. Home in Fullerton are selling for a median price of $930,000 and a median price per square foot of $613. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 303.23% higher than the current median priced home. While the average home in Fullerton, CA is selling in 52 days, 112 W Commonwealth Ave has a days on market of 11 days. There are currently 194 homes for sale in the Fullerton real estate market and 150 of them are single family homes while 31 of them are condos and 13 are townhomes. For more information on this home for sale at 112 W Commonwealth Ave Fullerton, CA 92832 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 112 W Commonwealth Ave

Public county record property details
Beds
--
Baths
--
Year built
1905
Sq. Ft.
5,000
Lot Size
7,096
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Orange
Lot#
13
APN
032-242-10

The source for these homes facts are from public records.

92832 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$925,000
Median List Price/Sq.Ft.
$607
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
28
Median Sale to List Price %
103.6%
Avg Days on Market
30
Loan Type
Conventional (60%), FHA (0%), VA (20%), Cash (0%), Other (20%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.