2736 W Orangethorpe Ave, Fullerton, CA 92833
Image 2 for 2736 W Orangethorpe Ave, Fullerton, CA 92833
Image 3 for 2736 W Orangethorpe Ave, Fullerton, CA 92833
View Photos

2736 W Orangethorpe Ave Fullerton, CA 92833

$3,100,000 Sold Price as of 11/17/2021
  • -- Beds
  • -- Baths
  • 17,161 Sq.Ft.
Sold
$3,100,000 Sold Price as of 11/17/2021 Refinance Your Mortgage

Map preview of 2736 W Orangethorpe Ave, Fullerton, CA 92833

Property Overview: 2736 W Orangethorpe Ave Fullerton, CA has -- bedrooms, -- bathrooms, 17,161 living square feet and 42,541 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Fullerton West Executive Office Park represents a unique investment opportunity, offering 70 total units plus a separate independent cell tower income stream. 40 of the units offer exclusive Conditional Use Permits (CUP) designations for Single Display Automobile Retail License use which allows for retail automotive sales in California. The Single Display Automobile Retail Sales License CUP designation has been extended to only two buildings in Fullerton by the City Planning Commission (very few others in Orange County) creating HIGH DEMAND and high occupancy rates for these CUP units. This property also has a high volume cell phone & antenna tower generating hassle-free, steady, additional long-term income. The cell phone equipment was upgraded in 2019 & the tower, servers & back-up generator are self-managed by Triple A rated Crown Castle/AT&T requiring minimal landlord management. 30 of the units offer small executive suites for general office use. Some of the units have inside plumbing and restroom facilities, including showers. One of the tenants has a long-standing retail tobacco store. The Property is located just north of the heavily traveled 91 & 5 freeway junction/off ramp on the Southwest corner of Orangethorpe & Magnolia. The property has a free-standing retail pole and building sign that can be seen from the freeway in the day & night. The upside potential for this property and its unique income stream offer a significant opportunity for the right investor.

Listed by James Cameron | BRE #01238311 | Berkshire Hathaway Home Svc.
Co-listed by Stephen Almond | BRE #01919378 | Berkshire Hathaway Home Services
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 140

Home details

Lot Sq. Ft
42,541
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Specialty
Status
Sold
MLS#
PW21013625
City
Fullerton
County
Orange
Time on Site
1205 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 70
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 33
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $450
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,550
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,749
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 35
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $450
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.75%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $497,945
  • Net Operating Income: $282,810
  • Gross Operating Income: --
  • Vacancy Allowance: $74,700
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $20,000
  • Trash: $6,500
  • Insurance: $12,000
  • Maintenance: $25,000
  • Professional Management: $20,900
  • Water/Sewer: $3,800

Property Details for 2736 W Orangethorpe Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • None
Interior Features
  • Security Features: Closed Circuit Camera(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Asphalt, Flat
  • Has Fence
  • Chain Link
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 72
Lot Information
  • Lot Features: Corner Lot, Lot Over 40000 Sqft, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 70
  • Parcel Number: 07105194
  • Year Built Source: Assessor
  • Entry Level: 1
  • Has Additional Parcels
  • Offered With Property: Contact Listing Agent
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Southeast corner of Orangethorpe & Magnolia behind the Taco Bell & Circle K north side of the 91 Freeway
View more facts & features

Local Fullerton Agent

Loading...

Sale History for 2736 W Orangethorpe Ave

Last sold for $3,100,000 on November 17th, 2021
  • November, 2021

  • Nov 18, 2021

    Date

    Sold

    CRMLS: PW21013625

    $3,100,000

    Price

  • Jul 6, 2021

    Date

    Pending

    CRMLS: PW21013625

    $3,650,000

    Price

  • Apr 10, 2021

    Date

    Active

    CRMLS: PW21013625

    $3,650,000

    Price

  • Mar 24, 2021

    Date

    Pending

    CRMLS: PW21013625

    $3,650,000

    Price

  • Mar 8, 2021

    Date

    Price Change

    CRMLS: PW21013625

    $3,650,000

    Price

  • Jan 30, 2021

    Date

    Price Change

    CRMLS: PW21013625

    $3,999,000

    Price

  • Jan 29, 2021

    Date

    Active

    CRMLS: PW21013625

    $3,990,000

    Price

Tax History for 2736 W Orangethorpe Ave

Assessed Value (2020): $920,840
Year Land Value Improved Value Assessed Value
2020 $261,155 $659,685 $920,840

Home Value Compared to the Market

This property vs the competition

2736 W Orangethorpe Ave sold on November 17, 2021 for 270.56% 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 $212.69 per/sqft which puts the price per square foot 65.58% lower than the current median sale per square foot for the city of Fullerton.

About 2736 W Orangethorpe Ave

Detailed summary of property

2736 W Orangethorpe Ave is a specialty that recently sold in Fullerton, CA 92833. This specialty property offered -- bedrooms, -- bathrooms, roughly 17,161 living square feet, and sits on an approximately 42,541 square foot lot. 2736 W Orangethorpe Ave was first listed on ArdentRealEstateGroup.com on January 30, 2021. The homeowner sold the property for $3,100,000. 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 270.56% higher than the current median priced home. Local homes that are currently for sale include 2150 Newport Blvd., 2219 Long Beach Blvd and 1101 Atlantic Ave. While the average home in Fullerton, CA is selling in 42 days, 2736 W Orangethorpe Ave has a days on market of 140 days. There are currently 176 homes for sale in the Fullerton real estate market and 130 of them are single family homes while 35 of them are condos and 11 are townhomes. For more information on this home for sale at 2736 W Orangethorpe Ave Fullerton, CA 92833 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 2736 W Orangethorpe Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
38,297
Stories
--
Type
Commercial Building, Mail Order, Show Room (Non-Auto), Commercial Whse
Pool
No
Spa
No
County
Orange
Lot#
--
APN
071-051-94

The source for these homes facts are from public records.

92833 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$589
Median Sold Price
$915,000
Median Sold Price/Sq.Ft.
$618
Total Inventory
65
Median Sale to List Price %
102.82%
Avg Days on Market
15
Loan Type
Conventional (37.5%), FHA (3.13%), VA (0%), Cash (31.25%), Other (28.13%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

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.