3812 W Commonwealth Ave, Fullerton, CA 92833
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3812 W Commonwealth Ave Fullerton, CA 92833

$785,000 Sold Price as of 10/21/2020
  • 4 Beds
  • 3 Baths
  • 2,000 Sq.Ft.
Sold
$785,000 Sold Price as of 10/21/2020 Refinance Your Mortgage

Map preview of 3812 W Commonwealth Ave, Fullerton, CA 92833

Property Overview: 3812 W Commonwealth Ave Fullerton, CA has 4 bedrooms, 3 bathrooms, 2,000 living square feet and 5,663 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity for this very nice triplex located near parks, award-winning schools, churches, shopping and freeway close. There are five garages and an extra large drive way for more parking. Great upside rent potential, legal conforming C-2 (Commercial) and this property is located in an Opportunity Zone, thus providing unlimited potential and excellent tax benefits! Long term tenants are all on month-to-month tenancies. This investment is offered in a high rent demand location. All offers shall be subject to interior inspection. Please do not disturb the tenants.

Listed by Wade Wright | BRE #00990129 | Keller Williams Realty Irvine
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 163

Home details

Lot Sq. Ft
5,663
HOA Dues
$0/mo
Year built
1963
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20030604
City
Fullerton
County
Orange
Time on Site
1527 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,130
  • Total Rent: $1,130
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,010
  • Total Rent: $1,010
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.46%
  • Gross Rent Multiplier: 22.84
  • Gross Scheduled Income: $37,200
  • Net Operating Income: $29,446
  • Gross Operating Income: $37,200
  • Vacancy Allowance: $0
  • Gross Spendable Income: $37,200
Annual Expense Breakdown
  • Total Operating Expense: $7,754
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,329
  • Trash: $1,513
  • Insurance: $1,093
  • Water/Sewer: $1,797

Property Details for 3812 W Commonwealth Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Lawn, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 03002422
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Fullerton Triplex
  • Directions: I 5 freeway to Beach Blvd. to Commonwealth. Near Fullerton Airport.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
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Sale History for 3812 W Commonwealth Ave

Last sold for $785,000 on October 21st, 2020
  • October, 2020

  • Oct 22, 2020

    Date

    Sold

    CRMLS: OC20030604

    $785,000

    Price

  • Jul 30, 2020

    Date

    Pending

    CRMLS: OC20030604

    $800,000

    Price

  • Jul 25, 2020

    Date

    Active

    CRMLS: OC20030604

    $800,000

    Price

  • Jul 25, 2020

    Date

    Pending

    CRMLS: OC20030604

    $800,000

    Price

  • Jun 25, 2020

    Date

    Price Change

    CRMLS: OC20030604

    $800,000

    Price

  • Mar 23, 2020

    Date

    Price Change

    CRMLS: OC20030604

    $850,000

    Price

  • Feb 24, 2020

    Date

    Active

    CRMLS: OC20030604

    $888,888

    Price

  • Feb 21, 2020

    Date

    Pending

    CRMLS: OC20030604

    $888,888

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: OC20030604

    $888,888

    Price

  • October, 2020

  • Oct 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

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Tax History for 3812 W Commonwealth Ave

Assessed Value (2020): $104,659
Year Land Value Improved Value Assessed Value
2020 $35,690 $68,969 $104,659

Home Value Compared to the Market

This property vs the competition

3812 W Commonwealth Ave sold on October 21, 2020 for 13.98% lower than the current median sold price for the city of Fullerton which is $930,000. The median sold price per/sqft for Fullerton is $613 and this home is sold at $400 per/sqft which puts the price per square foot 34.75% lower than the current median sale per square foot for the city of Fullerton.

About 3812 W Commonwealth Ave

Detailed summary of property

3812 W Commonwealth Ave is a multi family that recently sold in Fullerton, CA 92833. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 2,000 living square feet, and sits on an approximately 5,663 square foot lot. 3812 W Commonwealth Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $785,000. Home in Fullerton are selling for a median price of $930,000 and a median price per square foot of $613. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 13.98% lower than the current median priced home. Local homes that are currently for sale include 5920 Lemon Ave, 1022 Raymond Ave and 659 Findlay Ave. While the average home in Fullerton, CA is selling in 52 days, 3812 W Commonwealth Ave has a days on market of 163 days. There are currently 194 homes for sale in the Fullerton real estate market and 150 of them are single family homes while 31 of them are condos and 13 are townhomes. For more information on this home for sale at 3812 W Commonwealth 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 3812 W Commonwealth Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
2,000
Lot Size
5,632
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
030-024-22

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
$899,900
Median List Price/Sq.Ft.
$617
Median Sold Price
$930,000
Median Sold Price/Sq.Ft.
$633
Total Inventory
70
Median Sale to List Price %
99.04%
Avg Days on Market
18
Loan Type
Conventional (48.15%), FHA (3.7%), VA (3.7%), Cash (29.63%), Other (7.41%)

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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.