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225 W Knepp Ave, Fullerton, CA 92832
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225 W Knepp Ave Fullerton, CA 92832

$1,550,000 Sold Price as of 02/10/2023
  • 8 Beds
  • 4 Baths
  • 3,752 Sq.Ft.
Sold
$1,550,000 Sold Price as of 02/10/2023 Refinance Your Mortgage
Map preview of 225 W Knepp Ave, Fullerton, CA 92832

Property Overview: 225 W Knepp Ave Fullerton, CA has 8 bedrooms, 4 bathrooms, 3,752 living square feet and 6,392 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Four-unit apartment building located in the City of Fullerton, with a strong rental market. Close to one of the popular downtown areas in Orange County, and about 25 miles southeast of downtown Los Angeles. The property's unit mix comprised of all 2 bedroom/ 1-bathroom units totaling 3,752 square feet, on a 6,392 square foot lot. The subject property has 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, new bathrooms, new garage doors, new water heaters and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown Fullerton provides a large pool of potential student renters looking for convenient, quality housing.

Listed by Alex Duarte | BRE #01970077 | First Team Real Estate
Co-listed by Leo Quinones | BRE #02027523 | First Team Real Estate
Last checked: 15 minutes ago | Last updated: February 14th, 2023 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft
6,392
HOA Dues
$0/mo
Year built
1958
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC22186227
City
Fullerton
County
Orange
Time on Site
618 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,150
  • Total Rent: $6,450
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.55%
  • Gross Rent Multiplier: 16.08
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $74,943
  • Gross Operating Income: $0
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $27,657
  • Electric: $524
  • Gas/Fuel: $1,064
  • New Taxes: $18,820
  • Trash: $2,107
  • Gardener: $890
  • Insurance: $1,498
  • Water/Sewer: $2,107
  • Other Expenses: $557
  • Other Expense Description: TrashBin

Property Details for 225 W Knepp Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 07307105
  • 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
  • Directions: West of S. Harbor Blvd & North of E Orangethorpe Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 225 W Knepp Ave

Last sold for $1,550,000 on February 10th, 2023

  • February, 2023

  • Feb 10, 2023

    Date

    Sold

    CRMLS: OC22186227

    $1,550,000

    Price

  • Aug 26, 2022

    Date

    Active

    CRMLS: OC22186227

    $1,650,000

    Price

  • May, 2021

  • May 25, 2021

    Date

    Sold

    CRMLS: OC20228047

    $1,430,000

    Price

  • Apr 26, 2021

    Date

    Pending

    CRMLS: OC20228047

    $1,440,000

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: OC20228047

    $1,440,000

    Price

  • Apr 12, 2021

    Date

    Pending

    CRMLS: OC20228047

    $1,440,000

    Price

  • Mar 16, 2021

    Date

    Price Change

    CRMLS: OC20228047

    $1,440,000

    Price

  • Feb 25, 2021

    Date

    Price Change

    CRMLS: OC20228047

    $1,450,000

    Price

  • Jan 20, 2021

    Date

    Price Change

    CRMLS: OC20228047

    $1,475,000

    Price

  • Oct 29, 2020

    Date

    Active

    CRMLS: OC20228047

    $1,485,000

    Price

  • Listing provided courtesy of CRMLS

    The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern 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 comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 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, new bathrooms, new garage doors, and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown 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 4.41% Cap Rate / 6.61% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.

  • July, 2020

  • Jul 27, 2020

    Date

    Canceled

    CRMLS: OC20111622

    $1,485,000

    Price

  • Jun 10, 2020

    Date

    Active

    CRMLS: OC20111622

    $1,485,000

    Price

  • Listing provided courtesy of CRMLS

    The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern 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 comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 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, new bathrooms, new garage doors, and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown 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 4.25% Cap Rate / 4.90% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.

  • June, 2020

  • Jun 3, 2020

    Date

    Canceled

    CRMLS: OC20084574

    $1,485,000

    Price

  • May 4, 2020

    Date

    Active

    CRMLS: OC20084574

    $1,485,000

    Price

  • Listing provided courtesy of CRMLS

    The Knepp Avenue Apartments is a four-unit apartment building located in the City of Fullerton, one of the strongest rental markets in Southern 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 comprised of all two bedroom/ one-bathroom units totaling 3,752 square feet, situated on a 6,392 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, new bathrooms, new garage doors, and new landscaping. The subject property’s close proximity to Cal State Fullerton and Downtown 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 4.25% Cap Rate / 4.90% total return for a stable, renovated, “A” location investment property in the solid rental market of Fullerton, California.

  • September, 2019

  • Sep 19, 2019

    Date

    Sold

    CRMLS: PW19171277

    $1,035,000

    Price

  • Aug 27, 2019

    Date

    Pending

    CRMLS: PW19171277

    $1,049,000

    Price

  • Aug 16, 2019

    Date

    Active Under Contract

    CRMLS: PW19171277

    $1,049,000

    Price

  • Aug 13, 2019

    Date

    Price Change

    CRMLS: PW19171277

    $1,049,000

    Price

  • Aug 13, 2019

    Date

    Price Change

    CRMLS: PW19171277

    $1,050,000

    Price

  • Aug 2, 2019

    Date

    Active

    CRMLS: PW19171277

    $1,075,000

    Price

  • Jul 29, 2019

    Date

    Active Under Contract

    CRMLS: PW19171277

    $1,075,000

    Price

  • Jul 18, 2019

    Date

    Active

    CRMLS: PW19171277

    $1,075,000

    Price

  • Listing provided courtesy of CRMLS

    The Knepp Apartments is a 4 unit multifamily property ideally located just a few blocks away from the popular Downtown Fullerton in North Orange County. The subject property possesses an ideal unit mix of four two bedroom, two bath 4 (2+1) units; tenant amenities include: garage parking and on site laundry facility. The units are separately metered for gas & electric for low landlord expenses, while the onsite laundry room provides additional landlord income. Currently the subject property is occupied by long term tenants on a month-to-month basis with approx 23% upside in rents from the current level to the market levels. The Knepp Apartments boast a tremendous location across the street from the Costco Center/AMC Fullerton 22 Theaters, numerous retail and restaurants and wallking distance to the downtown Fullerton transportation corridor including the Amtrak & Mertolink station and Bus Depot. Additionally, the 91 freeway on-ramp is located within 3/4 of a mile from the subject property providing quick access to the 91, 5 and 57 freeways for commutes to numerous Orange County and LA County employment centers.

  • September, 2019

  • Sep 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,035,000

    Price

Show More

Tax History for 225 W Knepp Ave

Assessed Value (2020): $389,067
Year Land Value Improved Value Assessed Value
2020 $249,003 $140,064 $389,067

Home Value Compared to the Market

This property vs the competition

225 W Knepp Ave sold on February 10, 2023 for 57.36% 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 $413.11 per/sqft which puts the price per square foot 33.15% lower than the current median sale per square foot for the city of Fullerton.

About 225 W Knepp Ave

Detailed summary of property

225 W Knepp Ave is a fourplex that recently sold in Fullerton, CA 92832. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,752 living square feet, and sits on an approximately 6,392 square foot lot. 225 W Knepp Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $1,550,000. 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 57.36% higher than the current median priced home. Local homes that are currently for sale include 317 W Guinida Ln, 2624 Milton Ave and 1210 S Athena Way. While the average home in Fullerton, CA is selling in 44 days, 225 W Knepp Ave has a days on market of 108 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 225 W Knepp 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 225 W Knepp Ave

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
3,752
Lot Size
6,392
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
3
APN
073-071-05

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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Recently Sold Homes Near 225 W Knepp Ave

230 W Knepp Ave, Fullerton, CA 92832
$1,453,000 Last Sold Price
8 Beds
4 Baths
3752 Sq.Ft.
230 W Knepp Ave
Fullerton, CA 92832
218 W Knepp Ave, Fullerton, CA 92832
$1,380,000 Last Sold Price
8 Beds
4 Baths
3752 Sq.Ft.
218 W Knepp Ave
Fullerton, CA 92832
151 W. Southgate Ave., Fullerton, CA 92832
$1,758,000 Last Sold Price
5 Beds
5 Baths
3005 Sq.Ft.
151 W. Southgate Ave.
Fullerton, CA 92832
144 W Rosslynn Ave, Fullerton, CA 92832
$840,000 Last Sold Price
4 Beds
2 Baths
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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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