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534 W Wilshire Ave, Fullerton, CA 92832
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534 W Wilshire Ave Fullerton, CA 92832

$765,000 Sold Price as of 01/08/2020
  • 4 Beds
  • 2 Baths
  • 1,725 Sq.Ft.
Sold
$765,000 Sold Price as of 01/08/2020 Refinance Your Mortgage
Map preview of 534 W Wilshire Ave, Fullerton, CA 92832

Property Overview: 534 W Wilshire Ave Fullerton, CA has 4 bedrooms, 2 bathrooms, 1,725 living square feet and 5,484 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investments like this rarely come on the market. This property features 2 separate single family residences on 1 lot - each featuring 2 bedrooms and 1 bathroom, a large living room, full kitchen, separated private patios, and more. Both units have been recently upgraded with new kitchen cabinets, appliances, copper plumbing, and flooring. There is no deferred maintenance and nothing to fix. The front house is a 1920's Spanish Style with all the charm and original features, yet upgraded to newer major systems. The back unit is a 1960's traditional ranch house. Both homes feature double pane windows, ceiling fans, and their own exterior washer and dryer which are seller owned. Located walking distance to Downtown Fullerton, close to the Fullerton Public Library, a block away from parks, shopping and transportation - the location is amazing causing this property to be in high demand with rents exceeding similar properties with inferior locations. The property also features a detached garage with 2 garage doors - each for 1 car - so both units get their own garage space. It has everything a tenant looks for which gives you the ability to really grow the income potential of this property. The driveway can accommodate at least 4 additional cars - and street parking is allowed here as well. With a CAP rate of over 6% at current rents - and the ability to immediately increase this number - the potential upside is AMAZING!@!

Listed by Adam Brett Freilich | BRE #01499486 | Reliance Real Estate Services
Co-listed by Eric Urban | BRE #01799954 | Reliance Real Estate Services
Last checked: 16 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,484
HOA Dues
$0/mo
Year built
1926
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
PW19262432
City
Fullerton
County
Orange
Time on Site
1404 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $23,400
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $46,800
  • Net Operating Income: $44,500
  • Gross Operating Income: $46,800
  • Vacancy Allowance: $0
  • # of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $2,300
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $7,000
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $1,000
  • Insurance: $1,100
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $1,200

Property Details for 534 W Wilshire Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Outside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • All Bedrooms Down, Family Room, Kitchen, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Disposal, Gas Range
Interior Features
  • Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Wainscoting
  • Levels: One
  • Window Features: Blinds, Double Pane Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Spanish Tile
  • Has Fence
  • Wood
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Two Door, Guest, Side by Side
Lot Information
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 03207205
  • Year Built Source: Public Records
  • Architectural Style: Spanish
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is not Attached
  • Accessibility Features: 2+ Access Exits, Entry Slope Less Than 1 Foot, No Interior Steps
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Downtown Fullerton
  • Directions: From Chapman go South on Richman - West on Wilshire
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Hiking, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Fullerton Agent

Sale History for 534 W Wilshire Ave

Last sold for $765,000 on January 8th, 2020

  • January, 2020

  • Jan 8, 2020

    Date

    Sold

    CRMLS: PW19262432

    $765,000

    Price

  • Nov 19, 2019

    Date

    Active Under Contract

    CRMLS: PW19262432

    $729,000

    Price

  • Nov 11, 2019

    Date

    Active

    CRMLS: PW19262432

    $729,000

    Price

  • January, 2020

  • Jan 8, 2020

    Date

    Sold (Public Records)

    Public Records

    $765,000

    Price

  • June, 2003

  • Jun 10, 2003

    Date

    Sold (Public Records)

    Public Records

    $365,000

    Price

Show More

Tax History for 534 W Wilshire Ave

Assessed Value (2020): $483,369
Year Land Value Improved Value Assessed Value
2020 $411,006 $72,363 $483,369

Home Value Compared to the Market

This property vs the competition

534 W Wilshire Ave sold on January 8, 2020 for 25.99% lower 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 $422.61 per/sqft which puts the price per square foot 31.62% lower than the current median sale per square foot for the city of Fullerton.

About 534 W Wilshire Ave

Detailed summary of property

534 W Wilshire Ave is a single family home that recently sold in Fullerton, CA 92832. This house offered 4 bedrooms, 2 bathrooms, roughly 1,725 living square feet, and sits on an approximately 5,484 square foot lot. 534 W Wilshire Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $765,000. 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 25.99% lower than the current median priced home. Local homes that are currently for sale include 1919 W Valencia Dr, 1782 W Glenoaks Ave and 1142 N Jasmine St. While the average home in Fullerton, CA is selling in 41 days, 534 W Wilshire Ave has a days on market of 8 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 534 W Wilshire 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 534 W Wilshire Ave

Public county record property details
Beds
2
Baths
1
Year built
1960
Sq. Ft.
906
Lot Size
5,485
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
3
APN
032-072-05

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
$850,000
Median List Price/Sq.Ft.
$620
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$640
Total Inventory
17
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%)

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Recently Sold Homes Near 534 W Wilshire Ave

542 Wilshire Ave, Fullerton, CA 92832
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214 Drake Ave, Fullerton, CA 92832
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547 W Amerige Ave, Fullerton, CA 92832
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600 W Wilshire Ave, Fullerton, CA 92832
$615,000 Last Sold Price
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1 Baths
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600 W Wilshire Ave
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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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