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1321 S Vine Ave, Fullerton, CA 92833
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1321 S Vine Ave Fullerton, CA 92833

$21,675,000 Sold Price as of 01/21/2020
  • 104 Beds
  • 98 Baths
  • 56,028 Sq.Ft.
Sold
$21,675,000 Sold Price as of 01/21/2020 Refinance Your Mortgage
Map preview of 1321 S Vine Ave, Fullerton, CA 92833

Property Overview: 1321 S Vine Ave Fullerton, CA has 104 bedrooms, 98 bathrooms, 56,028 living square feet and 94,090 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Vine Fullerton Apartment Homes is a 98 unit investment opportunity in the desirable city of Fullerton. The Vine Fullerton Apartments is a very well maintained property situated on 2.55 acres with meandering sidewalks through beautifully landscaped grounds with an inviting swimming pool, fitness center, and laundry facility. The unit mix consists primarily of efficient one bedroom units, many of which have large patios. The Vine Fullerton Apartments have been recently renovated on the interior as well as the exterior. Interior renovations for a number of units include new flooring, paint, counter tops, appliances, upgraded electrical and plumbing. Exterior renovations include new windows, leasing office, fitness center, laundry room, pool furniture, railing, gates, stairs, signage, upgraded landscape, and a new camera security system. Although there has been a significant amount of work done to the property, there still remains many upgrades that can be done to the exterior as well as the interior of the units. Rebranding the asset with a total renovation upgrade package to the interiors to include new kitchen cabinets, granite counter tops, new appliances, and hard surface flooring along with integrating a full RUBS program to the property will give a new owner significant amount of upside in income while lower operational expenses.

Listed by Jay Skenderian | BRE #01220368 | Morgan Skenderian
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
94,090
HOA Dues
$0/mo
Year built
1964
Garage
85 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19220903
City
Fullerton
County
Orange
Time on Site
1410 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 98
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 92
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $128,350
  • Total Rent: $128,350
  • Pro Forma/Market Rent: $146,740
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,400
  • Total Rent: $10,400
  • Pro Forma/Market Rent: $11,370
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 14.02
  • Gross Scheduled Income: $1,747,920
  • Net Operating Income: $982,729
  • Gross Operating Income: $1,697,970
  • Vacancy Allowance: $49,950
  • Gross Spendable Income: $491,329
Annual Expense Breakdown
  • Total Operating Expense: $715,241
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $265,100
  • Trash: $0
  • Insurance: $18,532
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1321 S Vine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 85
  • # of Parking Spaces: 185
Lot Information
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 98
  • Parcel Number: 07105182
  • Year Built Source: Other
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Orangethorpe Avenue and North of the 91 Fwy
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 1321 S Vine Ave

Last sold for $21,675,000 on January 21st, 2020

  • January, 2020

  • Jan 23, 2020

    Date

    Sold

    CRMLS: PW19220903

    $21,675,000

    Price

  • Nov 12, 2019

    Date

    Pending

    CRMLS: PW19220903

    $24,500,000

    Price

  • Sep 16, 2019

    Date

    Active

    CRMLS: PW19220903

    $24,500,000

    Price

  • January, 2020

  • Jan 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $21,675,000

    Price

  • October, 2013

  • Oct 24, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1321 S Vine Ave

Assessed Value (2020): $12,060,871
Year Land Value Improved Value Assessed Value
2020 $8,070,450 $3,990,421 $12,060,871

Home Value Compared to the Market

This property vs the competition

1321 S Vine Ave sold on January 21, 2020 for 2387.31% higher than the current median sold price for the city of Fullerton which is $985,000. The median sold price per/sqft for Fullerton is $618 and this home is sold at $437.28 per/sqft which puts the price per square foot 29.24% lower than the current median sale per square foot for the city of Fullerton.

About 1321 S Vine Ave

Detailed summary of property

1321 S Vine Ave is a multi family that recently sold in Fullerton, CA 92833. This multi family property offered 104 bedrooms, 98 bathrooms, roughly 56,028 living square feet, and sits on an approximately 94,090 square foot lot. 1321 S Vine Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $21,675,000. Home in Fullerton are selling for a median price of $985,000 and a median price per square foot of $618. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 2387.31% higher than the current median priced home. While the average home in Fullerton, CA is selling in 44 days, 1321 S Vine Ave has a days on market of 56 days. There are currently 167 homes for sale in the Fullerton real estate market and 124 of them are single family homes while 33 of them are condos and 10 are townhomes. For more information on this home for sale at 1321 S Vine Ave Fullerton, CA 92833 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 1321 S Vine Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
56,029
Lot Size
92,782
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
071-051-82

The source for these homes facts are from public records.

92833 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$592
Median Sold Price
$915,000
Median Sold Price/Sq.Ft.
$618
Total Inventory
56
Median Sale to List Price %
102.82%
Avg Days on Market
15
Loan Type
Conventional (37.5%), FHA (3.13%), VA (0%), Cash (31.25%), Other (28.13%)

Thinking of Selling?

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Homes for Sale Near 1321 S Vine Ave

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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.

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