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2655 Andover Ave, Fullerton, CA 92831
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2655 Andover Ave Fullerton, CA 92831

$1,380,000 Sold Price as of 10/16/2019
  • 9 Beds
  • 7 Baths
  • 4,314 Sq.Ft.
Sold
$1,380,000 Sold Price as of 10/16/2019 Refinance Your Mortgage
Map preview of 2655 Andover Ave, Fullerton, CA 92831

Property Overview: 2655 Andover Ave Fullerton, CA has 9 bedrooms, 7 bathrooms, 4,314 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: This 4plex investment opportunity is uniquely located in the highly-rated Troy High School district and is a quick stroll or roll to Cal State Fullerton University. Not located in Fraternity Row. This is a solid income producing unit mix of one 3 bedroom/2 bath, two townhouse-style 2 bedroom/1.5 baths and one 2 bedroom/1 bath unit above the garages. The smart building layout means that there aren’t any stacked units. Each unit features private patio space and parking includes 6 garages plus 4 parking spots in front of the garages. The convenient onsite laundry room generates additional income. Units are separately metered for gas and electric. A rehab project on the slab foundation was just completed and the contractor includes a 30-year warranty. There is convenient nearby access to the 57 within in a mile. There is big upside in rents and all residents are currently month-to-month. This building could potentially be operated as a turnkey co-living space to dramatically increase income.

Listed by Christian Walsh | BRE #01804983 | Coldwell Banker Res. Brokerage
Co-listed by Jon Pugh | BRE #01409210 | Keller Williams Costa Mesa
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW19192263
City
Fullerton
County
Orange
Time on Site
1387 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: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,030
  • Total Rent: $2,030
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,660
  • Total Rent: $1,660
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $1,640
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $82,620
  • Net Operating Income: $59,104
  • Gross Operating Income: --
  • Laundry Income: $900
Annual Expense Breakdown
  • Total Operating Expense: $23,516
  • Electric: $331
  • Gas/Fuel: $632
  • Licenses: $40
  • New Taxes: $15,137
  • Trash: $503
  • Gardener: $600
  • Insurance: $2,377
  • Maintenance: $877
  • Water/Sewer: $3,019

Virtual Tour

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Property Details for 2655 Andover Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Garage
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Appraiser
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 33709110
  • 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: University Villas (UNIV)
  • Directions: E. Bastanchury to Derek, turn right on Andover
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 2655 Andover Ave

Last sold for $1,380,000 on October 16th, 2019

  • October, 2019

  • Oct 17, 2019

    Date

    Sold

    CRMLS: PW19192263

    $1,380,000

    Price

  • Sep 26, 2019

    Date

    Pending

    CRMLS: PW19192263

    $1,399,000

    Price

  • Aug 30, 2019

    Date

    Active Under Contract

    CRMLS: PW19192263

    $1,399,000

    Price

  • Aug 15, 2019

    Date

    Active

    CRMLS: PW19192263

    $1,399,000

    Price

  • October, 2019

  • Oct 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,380,000

    Price

  • December, 2018

  • Dec 10, 2018

    Date

    Expired

    CRMLS: SB18245179

    $1,430,000

    Price

  • Oct 9, 2018

    Date

    Active

    CRMLS: SB18245179

    $1,430,000

    Price

  • Listing provided courtesy of CRMLS

    Well Maintained 4-plex in a high demand rental area. G.S.I. IS OVER $ 80,000 YEAR. Unit # 1- Front unit - single story that features a 3 Bedroom w/ 1.75 baths and aprox. 1300 sq. ft. of living area. Kitchen was updated w/ tile counters. Private enclosed patio with a 2- car garage. Units # 2 & 3 are identical 2 level Townhome style that feature 2 Bedrooms and 1.5 baths w/ aprox. 1080 sq, ft. each. Kitchen counters were upgraded in Unit # 3. There is a 2 car garage for unit 2 and a 1 car garage for unit 3. Unit # 4 is a 2 Bedroom w/ 1 bath single story w/ aprox. 865 sq. ft and located in the back over the garages. Private patio. 1-car garage. Extra parking behind garages. Walking distance to Cal State Fullerton and easy access to the 57 Fwy. Great school district. Laundry room for Tenants. Please Drive-By Only. Submit offers Subject to Inspection.

  • September, 2018

  • Sep 28, 2018

    Date

    Expired

    CRMLS: PW18183650

    $1,449,000

    Price

  • Aug 2, 2018

    Date

    Active

    CRMLS: PW18183650

    $1,449,000

    Price

  • Aug 2, 2018

    Date

    Hold

    CRMLS: PW18183650

    $1,449,000

    Price

  • Aug 1, 2018

    Date

    Active

    CRMLS: PW18183650

    $1,449,000

    Price

  • Listing provided courtesy of CRMLS

    Fullerton 4-unit complex- Great location- close to CSUF, Brea Mall & 57 Fwy! Unit 1 is large: 3 bedrooms + 1.75 baths with patio, 2 car, 1,290 sf. private patio, 2-car enclosed garage. Unit 2: 2 bedroom +1.5 baths, 1,080.sf, private patio, 2-car enclosed garage. Unit 3: 2 bedrooms +1.5 baths, 1,080 sf, private patio, 1-car enclosed garage. Unit 4: 2 bedroom and 1 bathroom, 864 sf, patio, 1-car enclosed garage. Community laundry room. 4 extra parking spaces. Consistently strong rental demand- fully rented.

  • January, 2006

  • Jan 13, 2006

    Date

    Sold (Public Records)

    Public Records

    $990,000

    Price

Show More

Tax History for 2655 Andover Ave

Assessed Value (2020): $1,212,450
Year Land Value Improved Value Assessed Value
2020 $994,209 $218,241 $1,212,450

Home Value Compared to the Market

This property vs the competition

2655 Andover Ave sold on October 16, 2019 for 42.03% 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 $324.29 per/sqft which puts the price per square foot 47.53% lower than the current median sale per square foot for the city of Fullerton.

About 2655 Andover Ave

Detailed summary of property

2655 Andover Ave is a fourplex that recently sold in Fullerton, CA 92831. This fourplex offered 9 bedrooms, 7 bathrooms, roughly 4,314 living square feet, and sits on an approximately 7,405 square foot lot. 2655 Andover Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,380,000. 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 42.03% higher than the current median priced home. Local homes that are currently for sale include 12406 Clearglen Ave, 6052 Homewood Ave and 6052 Homewood Ave. While the average home in Fullerton, CA is selling in 41 days, 2655 Andover Ave has a days on market of 15 days. There are currently 178 homes for sale in the Fullerton real estate market and 127 of them are single family homes while 39 of them are condos and 12 are townhomes. For more information on this home for sale at 2655 Andover 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 2655 Andover Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,304
Lot Size
7,469
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
24
APN
337-091-10

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
$1,200,000
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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