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    455 E Patterson Way

    Fullerton, CA 92832
    • $1,199,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: OC21170389
    Under Contract
    UPDATED: 6 min ago
    $1,199,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T13:32:08.203. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/120045066
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    455 E Patterson Way Fullerton, CA 92832

    • Price: $1,199,000
    • Status: Active Under Contract
    • Updated: 6 min ago
    • ID#: OC21170389
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1936
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    83 - Fullerton
    Property Description
    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.
    Exterior Features

    Fencing Wrought Iron Lot Features Garden Number Of Separate Electric Meters 2 Parking Features GaragePaved Parking Total 9 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances DishwasherGas OvenMicrowaveRefrigeratorWater Heater Common Walls No Common Walls Cooling Electric Cooling YN Yes Flooring Wood Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.84 Common Interest None Community Features Sidewalks Contingency Seller May Elect To Make This Sale Part Of A 1031 Tax Deferred Exchange At No Cost Or Delay To Buyer Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 62940 Gross Scheduled Income 62940 Insurance Expense 882 Land Lease YN No Laundry Features In GarageLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 1258 Net Operating Income 46025 New Construction YN No New Taxes Expense 14070 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 15656 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available Vacancy Allowance Rate 2 Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Ari Gharib of Lfa Multifamily Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T13:32:08.203. 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 deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    El Cajon CA, 92021