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455 Patterson Way, Fullerton, CA 92832
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455 Patterson Way Fullerton, CA 92832

$1,199,000 Sold Price as of 10/12/2021
  • 6 Beds
  • 3 Baths
  • 2,205 Sq.Ft.
Sold
$1,199,000 Sold Price as of 10/12/2021 Refinance Your Mortgage
Map preview of 455 Patterson Way, Fullerton, CA 92832

Property Overview: 455 Patterson Way Fullerton, CA has 6 bedrooms, 3 bathrooms, 2,205 living square feet and 8,154 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is in the strong rental market of South Fullerton near the corner of E Commonwealth Ave. and Lemon St. Tenants of the property can enjoy being centrally located to Downtown Fullerton providing ample shopping, restaurant, and entertainment venues as well as 91/57 freeways allowing for easy access to and from the property. Built in 1954/1936, the subject property consists of two separate single-family homes on one parcel. The front unit of the property (444 E. Truslow) (built in 1954) consists of two-bedrooms and one bathroom to total 889 sq. ft. along with large standalone two-car garage, a backyard and RV Parking. The entire front unit was completely renovated in 2018. The back unit of the property (445 E. Patterson Way) (built in 1936) consists of four-bedrooms, a standalone bonus room (98 sq. ft.), a storage room/shed (with built in shelves), and two-bathrooms to total 1,316 sq. ft. The entire back unit was completely renovated in 2020. Each unit comes equipped with its own water, gas, and electricity meters and the tenant's of the property are currently covering all utility expenses. Please contact Listing Broker for OM.

Listed by Ari Gharib | BRE #01981194 | LFA Multifamily Inc.
Last checked: 11 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
8,154
HOA Dues
$0/mo
Year built
1936
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21170389
City
Fullerton
County
Orange
Time on Site
1019 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,995
  • Total Rent: $2,995
  • Pro Forma/Market Rent: $3,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.84%
  • Gross Rent Multiplier: 19.05
  • Gross Scheduled Income: $62,940
  • Net Operating Income: $46,025
  • Gross Operating Income: $61,681
Annual Expense Breakdown
  • Total Operating Expense: $15,656
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $14,070
  • Trash: $0
  • Insurance: $882
  • Maintenance: $1,258
  • Water/Sewer: $0

Property Details for 455 Patterson Way

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • In Garage, Individual Room
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Paved, Garage
Lot Information
  • Lot Features: Garden
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 03314713
  • Year Built Source: Appraiser
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Head North on S Lemon St and Turn Right onto E. Patterson Way
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 455 Patterson Way

Last leased for $4,000 on April 29th, 2024

  • April, 2024

  • Apr 29, 2024

    Date

    Leased

    CRMLS: OC24066147

    $4,000

    Price

  • Apr 3, 2024

    Date

    Active

    CRMLS: OC24066147

    $4,000

    Price

  • Listing provided courtesy of CRMLS

    WELCOME TO 455 E PATTERSON. THIS HOUSE HAS BEEN FRESHLY PAINTED INSIDE AND OUT. IT HAS A BRAND NEW ROOF JUST FINISHED INSTALLING END OF MARCH. IT ALSO HAS BRAND NEW SELF CLOSING KITCHEN CABINETS, COUNTER TOPS, SINK, GARBAGE DISPOSAL AND WINDOW BLINDS. THE LAUNDRY ROOM ALSO HAS NEW CABINETS AND COUNTER TOP. IT HAS 4 BEDROOMS WITH 2 BATHROOMS. WITH PLENTY OF PARKING SPACE IN THE BACK OF THE HOUSE ENOUGH FOR 3 CARS! COME CHECK IT OUT. IT WON'T LAST LONG.

  • October, 2021

  • Oct 12, 2021

    Date

    Sold

    CRMLS: OC21170389

    $1,199,000

    Price

  • Sep 17, 2021

    Date

    Active Under Contract

    CRMLS: OC21170389

    $1,199,000

    Price

  • Sep 7, 2021

    Date

    Price Change

    CRMLS: OC21170389

    $1,199,000

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: OC21170389

    $1,250,000

    Price

  • August, 2010

  • Aug 19, 2010

    Date

    Sold (Public Records)

    Public Records

    $415,000

    Price

  • March, 2010

  • Mar 3, 2010

    Date

    Sold (Public Records)

    Public Records

    $237,000

    Price

Show More

Tax History for 455 Patterson Way

Assessed Value (2020): $486,158
Year Land Value Improved Value Assessed Value
2020 $423,608 $62,550 $486,158

Home Value Compared to the Market

This property vs the competition

455 Patterson Way sold on October 12, 2021 for 21.73% 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 $543.76 per/sqft which puts the price per square foot 12.01% lower than the current median sale per square foot for the city of Fullerton.

About 455 Patterson Way

Detailed summary of property

455 Patterson Way is a multi family that recently sold in Fullerton, CA 92832. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,205 living square feet, and sits on an approximately 8,154 square foot lot. 455 Patterson Way was first listed on ArdentRealEstateGroup.com on August 3, 2021. The homeowner sold the property for $1,199,000. 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 21.73% higher than the current median priced home. Local homes that are currently for sale include 13976 Coteau Dr, 7122 Natal Dr and 11758 Azalea Ave. While the average home in Fullerton, CA is selling in 42 days, 455 Patterson Way has a days on market of 42 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 455 Patterson Way Fullerton, CA 92832 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 455 Patterson Way

Public county record property details
Beds
2
Baths
1
Year built
1936
Sq. Ft.
1,040
Lot Size
8,154
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
34
APN
033-147-13

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
20
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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(714) 706-1823

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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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