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151 W Southgate Ave, Fullerton, CA 92832
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151 W Southgate Ave Fullerton, CA 92832

$1,758,000 Sold Price as of 11/14/2023
  • 5 Beds
  • 5 Baths
  • 3,005 Sq.Ft.
Sold
$1,758,000 Sold Price as of 11/14/2023 Refinance Your Mortgage
Map preview of 151 W Southgate Ave, Fullerton, CA 92832

Property Overview: 151 W Southgate Ave Fullerton, CA has 5 bedrooms, 5 bathrooms, 3,005 living square feet and 5,915 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.

Listed by Gary Tolfa | BRE #00955403 | Triqor Group
Last checked: 13 minutes ago | Last updated: November 15th, 2023 | Source CRMLS | DOM: 112

Home details

Lot Sq. Ft
5,915
HOA Dues
$0/mo
Year built
1960
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23085046
City
Fullerton
County
Orange
Time on Site
342 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,000
  • Net Operating Income: $76,195
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $34,385
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 151 W Southgate Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 03228221
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Contact Agent
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 151 W Southgate Ave

Last sold for $1,758,000 on November 14th, 2023

  • November, 2023

  • Nov 14, 2023

    Date

    Sold

    CRMLS: PW23085046

    $1,758,000

    Price

  • May 23, 2023

    Date

    Active

    CRMLS: PW23085046

    $1,788,000

    Price

  • May, 2023

  • May 11, 2023

    Date

    Canceled

    CRMLS: OC23029597

    $1,750,000

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: OC23029597

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    Property is found in the highly desirable rental market of Fullerton, CA (5) 1 Bedroom / 1 Bath Units, with additional ADU potential Newly painted exterior and remodeled interiors Garage parking available for tenant use On-Site Laundry Bike to Downtown Fullerton and Fullerton College

  • November, 2016

  • Nov 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $888,000

    Price

  • February, 2003

  • Feb 20, 2003

    Date

    Sold (Public Records)

    Public Records

    $470,000

    Price

Show More

Tax History for 151 W Southgate Ave

Assessed Value (2020): $921,910
Year Land Value Improved Value Assessed Value
2020 $663,775 $258,135 $921,910

Home Value Compared to the Market

This property vs the competition

151 W Southgate Ave sold on November 14, 2023 for 81.52% 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 $595.01 per/sqft which puts the price per square foot 3.72% lower than the current median sale per square foot for the city of Fullerton.

About 151 W Southgate Ave

Detailed summary of property

151 W Southgate Ave is a apartment that recently sold in Fullerton, CA 92832. This apartment offered 5 bedrooms, 5 bathrooms, roughly 3,005 living square feet, and sits on an approximately 5,915 square foot lot. 151 W Southgate Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,758,000. 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 81.52% higher than the current median priced home. Local homes that are currently for sale include 938 S Gilbuck Dr, 1600 Picadilly Way and 2624 Milton Ave. While the average home in Fullerton, CA is selling in 44 days, 151 W Southgate Ave has a days on market of 112 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 151 W Southgate 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 151 W Southgate Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
3,005
Lot Size
5,804
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
032-282-21

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
$828,000
Median List Price/Sq.Ft.
$620
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$640
Total Inventory
18
Median Sale to List Price %
101.21%
Avg Days on Market
17
Loan Type
Conventional (54.55%), FHA (0%), VA (0%), Cash (18.18%), Other (27.27%)

Thinking of Selling?

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(714) 706-1823

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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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