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617 W Commonwealth Ave, Fullerton, CA 92832
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617 W Commonwealth Ave Fullerton, CA 92832

$1,325,000 Sold Price as of 10/08/2021
  • 6 Beds
  • 4 Baths
  • 2,581 Sq.Ft.
Sold
$1,325,000 Sold Price as of 10/08/2021 Refinance Your Mortgage
Map preview of 617 W Commonwealth Ave, Fullerton, CA 92832

Property Overview: 617 W Commonwealth Ave Fullerton, CA has 6 bedrooms, 4 bathrooms, 2,581 living square feet and 6,969 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 617 West Commonwealth Avenue is a 4-unit multifamily investment property located in Fullerton, one of the premier rental submarkets in Orange County. Built in 1947, 617 West Commonwealth Avenue contains an attractive unit mix consisting of one and two-bedroom units. Situated on a 0.16-acre lot, the property offers amenities including gated access, garage and uncovered parking, a spacious yard, security doors, and on-site laundry. The property benefits from its excellent Fullerton location, positioned within blocks of Downtown Fullerton and within a 2-mile radius of 4 major shopping centers, providing residents with easy access to a plethora of retail, dining, and entertainment options. Additionally, the property is situated within 1 mile of Fullerton College and 3 miles of California State University, Fullerton, which have a combined enrollment of over 63,000 students. The property is located within close proximity of major transportation corridors including State Route 91 and Interstate 5, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
6,969
HOA Dues
$0/mo
Year built
1947
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21175652
City
Fullerton
County
Orange
Time on Site
1013 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,400
  • Net Operating Income: $47,443
  • Gross Operating Income: $72,168
  • Vacancy Allowance: $2,232
  • Other Income 1: $600
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $25,325
  • Electric: $983
  • Gas/Fuel: $983
  • New Taxes: $14,118
  • Trash: $983
  • Insurance: $1,102
  • Maintenance: $2,400
  • Water/Sewer: $983
  • Other Expenses: $3,775
  • Other Expense Description: Misc

Property Details for 617 W Commonwealth Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 03207317
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: West Commonwealth Avenue & Drake Avenue
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Fullerton Agent

Sale History for 617 W Commonwealth Ave

Last sold for $1,325,000 on October 8th, 2021

  • October, 2021

  • Oct 7, 2021

    Date

    Pending

    CRMLS: OC21175652

    $1,300,000

    Price

  • Sep 7, 2021

    Date

    Active Under Contract

    CRMLS: OC21175652

    $1,300,000

    Price

  • Aug 31, 2021

    Date

    Active

    CRMLS: OC21175652

    $1,300,000

    Price

  • Aug 19, 2021

    Date

    Active Under Contract

    CRMLS: OC21175652

    $1,300,000

    Price

  • Aug 10, 2021

    Date

    Active

    CRMLS: OC21175652

    $1,300,000

    Price

  • June, 1986

  • Jun 3, 1986

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 617 W Commonwealth Ave

Assessed Value (2020): $82,102
Year Land Value Improved Value Assessed Value
2020 $36,946 $45,156 $82,102

Home Value Compared to the Market

This property vs the competition

617 W Commonwealth Ave sold on October 8, 2021 for 31.98% 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 $503.68 per/sqft which puts the price per square foot 18.5% lower than the current median sale per square foot for the city of Fullerton.

About 617 W Commonwealth Ave

Detailed summary of property

617 W Commonwealth Ave is a multi family that recently sold in Fullerton, CA 92832. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,581 living square feet, and sits on an approximately 6,969 square foot lot. 617 W Commonwealth Ave was first listed on ArdentRealEstateGroup.com on August 10, 2021. The homeowner sold the property for $1,325,000. 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 31.98% higher than the current median priced home. Local homes that are currently for sale include 407 N Bradford Ave, 12406 Clearglen Ave and 2066 S Haster St. While the average home in Fullerton, CA is selling in 42 days, 617 W Commonwealth Ave has a days on market of 28 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 617 W Commonwealth 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 617 W Commonwealth Ave

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
2,648
Lot Size
7,153
Stories
2
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
032-073-17

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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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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