151 West Southgate Avenue

Fullerton, CA 92832

$1,758,000
Last Sold Price
5
Beds
5
Baths
3,005 Sq. Ft.
$585 / Sq. Ft.
3,005
Sq. Ft.
$585
per Sq. Ft.

Description

We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include...We are pleased to present the Southgate Apartments, a turnkey 5-unit apartment complex located in Fullerton, CA. The property offers an easy to manage unit mix of all large 1-bedroom 1-bath units. The building has undergone extensive capital improvements in both the interior and exterior in recent years, giving it a modern appeal. Some of these upgrades include stainless-steel appliances, new laminate wood flooring, quartz countertops, new cabinetry, and upgraded bathrooms. Additional features include garage parking, a shared laundry facility and copper plumbing throughout the property. With strong in-place rents generating a current cap rate of 4.3%, 4.8% with market rents, this asset is easy to manage and is conveniently located near Downtown Fullerton, Fullerton College, and Cal State Fullerton.
  1. Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group • gary@triqorgroup.com

Property Details for 151 West Southgate Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3005
Assessor Parcel Number
032-282-21
Property Attached YN
true

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Sold By The Kennedy Group, Michael Ferraiz, DRE #01323105

Add your commute
LISTING UPDATED: 11/14/2023 04:25 AM

Property Details for 151 West Southgate Avenue

StatusClosed
MLS #PW23085046
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyOrange County

Location

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Sold By The Kennedy Group, Michael Ferraiz, DRE #01323105

Add your commute

Building Information for 151 West Southgate Avenue

Building/Complex151 W Southgate AveFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Payment Calculator

$10,579 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,594

Property Taxes

$985

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 151 West Southgate Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $110,580
  • Gross Scheduled Income: $114,000
  • Net Operating Income: $76,195
  • Financing: Cash
Expense Details
  • Operating Expense: $34,385
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $34,385
Tax / Assessment Info
  • Tax Tract Number: 3123
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 151 West Southgate Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 151 West Southgate Avenue

Taxable ValueLand$1,400,000Additions$200,000Total$1,600,000
Tax Record2023$11,817 ($985 / month)
Home Facts
Total Finished SqFt3,005 SqFtAbove Grade Finished SqFt3,005 SqFtStories2Lot Size5,918 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN032-282-21

Schools near 151 West Southgate Avenue

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Maple Elementary School
PublicK to 6

Nicolas Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Gary Tolfa, DRE #00955403

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.