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2040 Associated Rd, Fullerton, CA 92831
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2040 Associated Rd Fullerton, CA 92831

$1,615,000 Sold Price as of 05/15/2021
  • 10 Beds
  • 10 Baths
  • 4,527 Sq.Ft.
Sold
$1,615,000 Sold Price as of 05/15/2021 Refinance Your Mortgage
Map preview of 2040 Associated Rd, Fullerton, CA 92831

Property Overview: 2040 Associated Rd Fullerton, CA has 10 bedrooms, 10 bathrooms, 4,527 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).

Listed by Michael Sacks | BRE #01945984 | Coldwell Banker Realty
Last checked: 15 minutes ago | Last updated: August 2nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21069338
City
Fullerton
County
Orange
Time on Site
1118 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $92,160
  • Net Operating Income: $61,783
  • Gross Operating Income: $89,395
  • Vacancy Allowance: $2,765
Annual Expense Breakdown
  • Total Operating Expense: $27,612
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $18,000
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 2040 Associated Rd

Interior Features
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Seller
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 33709401
  • Year Built Source: Seller
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: University Villas (UNIV)
  • Directions: On Associated, north of Yorba Linda Blvd
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Fullerton Agent

Sale History for 2040 Associated Rd

Last leased for $2,100 on August 2nd, 2022

  • August, 2022

  • Aug 2, 2022

    Date

    Leased

    CRMLS: IV22148194

    $2,100

    Price

  • Jul 7, 2022

    Date

    Active

    CRMLS: IV22148194

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Newly Remodeled 2 Bedroom 2 Full Baths Apartment Located within a mile of CSU Fullerton University. Freshly Painted, Brand New floors Throughout. Full Kitchen with Bar/Kitchen Nook Area. Dishwasher, Range, Refrigerator and Disposal. All Window Blinds Included. Laundry Facilities in Building. 1 Space in Carport Included. Unit has Private Cement Patio off Slider and Front Yard has Lawn and Landscaping. Water and Trash in Included in Rent. Close to Fullerton University, Shopping, Restaurant's and More.

  • May, 2021

  • May 17, 2021

    Date

    Sold

    CRMLS: PW21069338

    $1,615,000

    Price

  • Apr 24, 2021

    Date

    Active Under Contract

    CRMLS: PW21069338

    $1,625,000

    Price

  • Apr 19, 2021

    Date

    Active

    CRMLS: PW21069338

    $1,625,000

    Price

  • Apr 19, 2021

    Date

    Price Change

    CRMLS: PW21069338

    $1,625,000

    Price

  • Apr 13, 2021

    Date

    Active Under Contract

    CRMLS: PW21069338

    $1,589,000

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: PW21069338

    $1,589,000

    Price

  • December, 2020

  • Dec 30, 2020

    Date

    Expired

    CRMLS: PW20051140

    $1,580,000

    Price

  • Sep 2, 2020

    Date

    Withdrawn

    CRMLS: PW20051140

    $1,580,000

    Price

  • Aug 24, 2020

    Date

    Price Change

    CRMLS: PW20051140

    $1,580,000

    Price

  • Aug 6, 2020

    Date

    Price Change

    CRMLS: PW20051140

    $1,595,000

    Price

  • Aug 5, 2020

    Date

    Active

    CRMLS: PW20051140

    $1,629,000

    Price

  • Jul 20, 2020

    Date

    Hold

    CRMLS: PW20051140

    $1,629,000

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: PW20051140

    $1,629,000

    Price

  • May 18, 2020

    Date

    Hold

    CRMLS: PW20051140

    $1,629,000

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: PW20051140

    $1,629,000

    Price

  • Apr 17, 2020

    Date

    Hold

    CRMLS: PW20051140

    $1,629,000

    Price

  • Apr 9, 2020

    Date

    Active

    CRMLS: PW20051140

    $1,629,000

    Price

  • Mar 17, 2020

    Date

    Hold

    CRMLS: PW20051140

    $1,629,000

    Price

  • Mar 9, 2020

    Date

    Active

    CRMLS: PW20051140

    $1,629,000

    Price

  • Listing provided courtesy of CRMLS

    Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road making advertising easier. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).

  • January, 2003

  • Jan 17, 2003

    Date

    Sold (Public Records)

    Public Records

    $588,000

    Price

Show More

Tax History for 2040 Associated Rd

Assessed Value (2020): $762,827
Year Land Value Improved Value Assessed Value
2020 $556,864 $205,963 $762,827

Home Value Compared to the Market

This property vs the competition

2040 Associated Rd sold on May 15, 2021 for 43.81% higher than the current median sold price for the city of Fullerton which is $1,130,000. The median sold price per/sqft for Fullerton is $616 and this home is sold at $358.96 per/sqft which puts the price per square foot 41.73% lower than the current median sale per square foot for the city of Fullerton.

About 2040 Associated Rd

Detailed summary of property

2040 Associated Rd is a multi family that recently sold in Fullerton, CA 92831. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 4,527 living square feet, and sits on an approximately 7,405 square foot lot. 2040 Associated Rd was first listed on ArdentRealEstateGroup.com on April 2, 2021. The homeowner sold the property for $1,615,000. Home in Fullerton are selling for a median price of $1,130,000 and a median price per square foot of $616. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 43.81% higher than the current median priced home. Local homes that are currently for sale include 310 E Wakefield Ave, 2066 S Haster St and 1600 Picadilly Way. While the average home in Fullerton, CA is selling in 42 days, 2040 Associated Rd has a days on market of 22 days. There are currently 166 homes for sale in the Fullerton real estate market and 126 of them are single family homes while 29 of them are condos and 11 are townhomes. For more information on this home for sale at 2040 Associated Rd Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 2040 Associated Rd

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,528
Lot Size
7,343
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
72
APN
337-094-01

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
$899,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
46
Median Sale to List Price %
114.54%
Avg Days on Market
21
Loan Type
Conventional (21.05%), FHA (5.26%), VA (0%), Cash (52.63%), Other (21.05%)

Thinking of Selling?

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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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