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1901-1909 E Wilshire Ave, Fullerton, CA 92831
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1901-1909 E Wilshire Ave Fullerton, CA 92831

$3,520,000 Sold Price as of 12/23/2020
  • 14 Beds
  • 14 Baths
  • -- Sq.Ft.
Sold
$3,520,000 Sold Price as of 12/23/2020 Refinance Your Mortgage
Map preview of 1901-1909 E Wilshire Ave, Fullerton, CA 92831

Property Overview: 1901-1909 E Wilshire Ave Fullerton, CA has 14 bedrooms, 14 bathrooms, -- living square feet and 17,310 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 rare opportunity to acquire a 14-unit multi-family investment in Fullerton, California.? The property is located at 1901 E Wilshire Ave, Fullerton, one of the most desirable city in Orange County.? Walking distance to Cal State University Fullerton, convenience location surrounded by shopping centers, restaurants, and entertainments.? The spacious unit mix consists of 2 large size one-bedroom/ one-bath units and 12 one-bedroom/one bath units.? This property offers value-add opportunity for investors to invest an well-maintained asset with immediate upside on rent.?

Listed by Grady Liu | BRE #01290494 | MacroReal Inv Grp Inc.
Co-listed by Hao Ding | BRE #02024511 | MacroReal Inv Grp Inc.
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
17,310
HOA Dues
$0/mo
Year built
1958
Garage
14 Car
Property Type:
Multi Family
Status
Sold
MLS#
TR20184679
City
Fullerton
County
Orange
Time on Site
1472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Leased Units: 14
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,453
  • Total Rent: $17,435
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,494
  • Total Rent: $2,987
  • Pro Forma/Market Rent: $1,785
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $245,064
  • Net Operating Income: $162,363
  • Gross Operating Income: --
  • Laundry Income: $1,500
Annual Expense Breakdown
  • Total Operating Expense: $76,849
  • Electric: $910
  • Gas/Fuel: $3,193
  • New Taxes: $39,210
  • Trash: $4,157
  • Gardener: $4,035
  • Insurance: $2,224
  • Maintenance: $7,000
  • Professional Management: $9,568
  • Water/Sewer: $4,866

Property Details for 1901-1909 E Wilshire Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Fullerton Crest (FUCR)
  • Directions: South of East Chapman Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Fullerton Agent

Sale History for 1901-1909 E Wilshire Ave

Last sold for $3,520,000 on December 23rd, 2020

  • January, 2021

  • Jan 1, 2021

    Date

    Sold

    CRMLS: TR20184679

    $3,520,000

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: TR20184679

    $3,640,000

    Price

Tax History for 1901-1909 E Wilshire Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1901-1909 E Wilshire Ave sold on December 23, 2020 for 291.4% higher than the current median sold price for the city of Fullerton which is $930,000.

About 1901-1909 E Wilshire Ave

Detailed summary of property

1901-1909 E Wilshire Ave is a multi family that recently sold in Fullerton, CA 92831. This multi family property offered 14 bedrooms, 14 bathrooms, roughly -- living square feet, and sits on an approximately 17,310 square foot lot. 1901-1909 E Wilshire Ave was first listed on ArdentRealEstateGroup.com on September 5, 2020. The homeowner sold the property for $3,520,000. 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 291.4% higher than the current median priced home. Local homes that are currently for sale include 1925 Wallace Ave, 526 17th St and 221 N San Gabriel Ave. While the average home in Fullerton, CA is selling in 53 days, 1901-1909 E Wilshire Ave has a days on market of 45 days. There are currently 202 homes for sale in the Fullerton real estate market and 154 of them are single family homes while 36 of them are condos and 12 are townhomes. For more information on this home for sale at 1901-1909 E Wilshire Ave Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 1901-1909 E Wilshire Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92831 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,145,000
Median List Price/Sq.Ft.
$597
Median Sold Price
$780,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
47
Median Sale to List Price %
100.65%
Avg Days on Market
20
Loan Type
Conventional (58.33%), FHA (0%), VA (0%), Cash (33.33%), Other (8.33%)

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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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