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2117 Teri Pl, Fullerton, CA 92831
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2117 Teri Pl Fullerton, CA 92831

$1,475,000 Sold Price as of 01/31/2020
  • 10 Beds
  • 6 Baths
  • 4,527 Sq.Ft.
Sold
$1,475,000 Sold Price as of 01/31/2020 Refinance Your Mortgage
Map preview of 2117 Teri Pl, Fullerton, CA 92831

Property Overview: 2117 Teri Pl Fullerton, CA has 10 bedrooms, 6 bathrooms, 4,527 living square feet and 6,966 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Teri Place Apartments, walking distance to Cal State Fullerton, provides a large pool of potential student renters looking for convenient, quality housing. This offering represents a rare opportunity for an investor to acquire a 5.50% Cap Rate /10.10% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.The city of Fullerton is a dynamic city in Orange County with a vibrant downtown located in Orange County, approximately 25 miles southeast of downtown Los Angeles. The property offers an attractive unit mix consisting of (2) three bedroom/ one & one-half bathroom Townhouse style units and (2) two bedroom/ one-bathroom units totaling 4,527 square feet, situated on a 6,966 square foot lot. The subject property has recently gone through an extensive remodel of the interiors and exterior. Some interior upgrades include but are not limited to new kitchens, new appliances, new flooring, new windows, and new bathrooms. Common area amenities include a shared patio/deck, enclosed garages, and on-site laundry room.

Listed by Greg Bassirpou | BRE #01365951 | Marcus & Millichap RE Invest
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
6,966
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19202193
City
Fullerton
County
Orange
Time on Site
1401 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,200
  • Total Rent: $5,200
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,400
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $4,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 13.05
  • Gross Scheduled Income: $115,200
  • Net Operating Income: $84,442
  • Gross Operating Income: --
  • Vacancy Allowance: $3,528
  • Laundry Income: $2,400
Annual Expense Breakdown
  • Total Operating Expense: $29,630
  • Electric: $1,438
  • Gas/Fuel: $1,438
  • New Taxes: $17,580
  • Trash: $1,438
  • Insurance: $1,600
  • Water/Sewer: $1,438

Property Details for 2117 Teri Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Front Yard, Near Public Transit
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 33709209
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please do not disturb tenants. Make all offers subject to inspection.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Fullerton Agent

Sale History for 2117 Teri Pl

Last sold for $1,475,000 on January 31st, 2020

  • February, 2020

  • Feb 3, 2020

    Date

    Sold

    CRMLS: OC19202193

    $1,475,000

    Price

  • Dec 30, 2019

    Date

    Pending

    CRMLS: OC19202193

    $1,535,000

    Price

  • Oct 28, 2019

    Date

    Price Change

    CRMLS: OC19202193

    $1,535,000

    Price

  • Sep 20, 2019

    Date

    Active

    CRMLS: OC19202193

    $1,565,000

    Price

  • Sep 18, 2019

    Date

    Pending

    CRMLS: OC19202193

    $1,565,000

    Price

  • Aug 23, 2019

    Date

    Active

    CRMLS: OC19202193

    $1,565,000

    Price

  • January, 2020

  • Jan 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,475,000

    Price

  • April, 2019

  • Apr 26, 2019

    Date

    Sold

    CRMLS: OC18279948

    $1,160,000

    Price

  • Apr 2, 2019

    Date

    Pending

    CRMLS: OC18279948

    $1,299,000

    Price

  • Feb 20, 2019

    Date

    Price Change

    CRMLS: OC18279948

    $1,299,000

    Price

  • Jan 2, 2019

    Date

    Price Change

    CRMLS: OC18279948

    $1,385,000

    Price

  • Dec 17, 2018

    Date

    Active

    CRMLS: OC18279948

    $1,400,000

    Price

  • Dec 4, 2018

    Date

    Active Under Contract

    CRMLS: OC18279948

    $1,400,000

    Price

  • Nov 26, 2018

    Date

    Active

    CRMLS: OC18279948

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    2117 Teri Place is a 4-unit multifamily investment property located in Fullerton, one of the strongest rental markets in Southern California. Situated on a 0.16-acre lot, the 4,527 square foot property consists of spacious two-bedroom and three-bedroom floor plans and offers garage parking, on-site laundry, and a central courtyard. 2117 Teri Place is within walking distance to California State University Fullerton, which has the highest student enrollment in the California state university system. The property appeals to all students looking for convenient, quality housing. The property is located within close proximity to Downtown Fullerton, Brea Mall and the 57 Freeway.

  • April, 2019

  • Apr 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,160,000

    Price

Show More

Tax History for 2117 Teri Pl

Assessed Value (2020): $548,834
Year Land Value Improved Value Assessed Value
2020 $356,742 $192,092 $548,834

Home Value Compared to the Market

This property vs the competition

2117 Teri Pl sold on January 31, 2020 for 55.84% 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 $339.08 per/sqft which puts the price per square foot 45.13% lower than the current median sale per square foot for the city of Fullerton.

About 2117 Teri Pl

Detailed summary of property

2117 Teri Pl is a multi family that recently sold in Fullerton, CA 92831. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 4,527 living square feet, and sits on an approximately 6,966 square foot lot. 2117 Teri Pl was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,475,000. 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 55.84% higher than the current median priced home. Local homes that are currently for sale include 1600 Picadilly Way, 705 E Walnut Ave and 915 W Maple Ave. While the average home in Fullerton, CA is selling in 41 days, 2117 Teri Pl has a days on market of 127 days. There are currently 176 homes for sale in the Fullerton real estate market and 127 of them are single family homes while 37 of them are condos and 12 are townhomes. For more information on this home for sale at 2117 Teri Pl Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 2117 Teri Pl

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,527
Lot Size
6,966
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
337-092-09

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.
$543
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$605
Total Inventory
50
Median Sale to List Price %
105.26%
Avg Days on Market
26
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (20%), Other (13.33%)

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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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