1901-1909 East Wilshire Avenue

Fullerton, CA 92831

$3,520,000
Last Sold Price
14
Beds
14
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

We are pleased to present the rare opportunity to acquire a 14-unit multi-family investment in Fullerton, California.? The property is located at 1901 E Wilshire Ave, Fullerton, one of the most desirable city in Orange County.? Walking distance to Cal State University Fullerton, convenience location surrounded by shopping centers, restaurants, and entertainments.? The spacious unit mix consists of 2 large size one-bedroom/ one-bath units and 12 one-bedroom/one bath units.? This property offers value-add...We are pleased to present the rare opportunity to acquire a 14-unit multi-family investment in Fullerton, California.? The property is located at 1901 E Wilshire Ave, Fullerton, one of the most desirable city in Orange County.? Walking distance to Cal State University Fullerton, convenience location surrounded by shopping centers, restaurants, and entertainments.? The spacious unit mix consists of 2 large size one-bedroom/ one-bath units and 12 one-bedroom/one bath units.? This property offers value-add opportunity for investors to invest an well-maintained asset with immediate upside on rent.?
  1. Listed by Grady Liu • DRE #01290494 • MacroReal Inv Grp Inc.
  2. Listed by Hao Ding • DRE #02024511 • MacroReal Inv Grp Inc.

Property Details for 1901-1909 East Wilshire Avenue

Parking Spaces Total
14
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
0
Property Attached YN
true
Common Walls
2+ Common Walls

Location

Listing Courtesy of MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

Sold By MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

Add your commute
LISTING UPDATED: 01/01/2021 02:10 AM

Property Details for 1901-1909 East Wilshire Avenue

StatusClosed
MLS #TR20184679
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.40 AC / 17,310 SF
CountyOrange County

Location

Listing Courtesy of MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

Sold By MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

Add your commute

Building Information for 1901-1909 East Wilshire Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.40 AC / 17,310 SF

Payment Calculator

$19,210 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,210

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1901-1909 East Wilshire Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $246,564
  • Gross Scheduled Income: $245,064
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $162,363
  • Laundry Income: $1,500
  • Cap Rate: 4.5
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $76,849
  • New Taxes Expense: $39,210
  • Gardener Expense: $4,035
  • Fuel Expense: $3,193
  • Electric Expense: $910
  • Insurance Expense: $2,224
  • Maintenance Expense: $7,000
  • Professional Management Expense: $9,568
  • Trash Expense: $4,157
  • Water Sewer Expense: $4,866
  • Total Expenses: $76,849
Tax / Assessment Info
  • Tax Tract Number: 2807
  • Tax Lot: 31
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking: Yes
  • Parking Garage Spaces: 14
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
Property / Structure Info
  • Builders Tract Name: Fullerton Crest
  • Builders Tract Code: Fullerton Crest (FUCR)
  • Builders Tract Code: Fullerton Crest (FUCR)
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,453
  • Unit Type Total Rent: $17,435
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,494
  • Unit Type Total Rent: $2,987
  • Unit Type Pro Forma: 1785
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 14
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1

Schools near 1901-1909 East Wilshire 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
Commonwealth Elementary School
PublicK to 6

Ladera Vista Junior High School
Public7 to 8

Troy 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.

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Listing Courtesy of MacroReal Inv Grp Inc., Grady Liu, DRE #01290494; MacroReal Inv Grp Inc., Hao Ding, DRE #02024511

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.