324 N Wayne Avenue

    Fullerton, CA 92833
    • $699,000
    • STATUS: Active
    • ON SITE: 157 days
    • ID#: PW19284004
    UPDATED: 12 min ago
    $699,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,667
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Price reduced by $100,000! Now over 4% cap rate with current rents and expenses. The Wayne Avenue duplex is located on a quiet residential street just south of Chapman Avenue in Fullerton. The main house is a 1,067 square foot 3 bedroom 2 bath single family home. The back 1 bedroom is a permitted 1 bedroom apartment which is next to the garage. The 1 bedroom has a full bathroom, kitchenette, wall heater, and its own water heater. The double car garage has been extended and it provides shade and carport parking in front of the garage. Wayne Avenue is a great neighborhood in Fullerton with tree lined streets, good school district (Fern Drive Elementary and Sunny Hills High School) and close proximity to shopping and restaurants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-26T17:29:17.683. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/101840299

    324 N Wayne Avenue Fullerton, CA 92833

    • Price: $699,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: PW19284004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,667
    SQFT
    $419
    $/SQFT
    1950
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Price reduced by $100,000! Now over 4% cap rate with current rents and expenses. The Wayne Avenue duplex is located on a quiet residential street just south of Chapman Avenue in Fullerton. The main house is a 1,067 square foot 3 bedroom 2 bath single family home. The back 1 bedroom is a permitted 1 bedroom apartment which is next to the garage. The 1 bedroom has a full bathroom, kitchenette, wall heater, and its own water heater. The double car garage has been extended and it provides shade and carport parking in front of the garage. Wayne Avenue is a great neighborhood in Fullerton with tree lined streets, good school district (Fern Drive Elementary and Sunny Hills High School) and close proximity to shopping and restaurants.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Laundry Features Gas & Electric Dryer HookupWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.13 Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 42000.00 Gross Multiplier 16.64 Gross Operating Income 40740.00 Gross Scheduled Income 42000.00 Insurance Expense 950.00 Land Lease YN No Laundry YN Yes Net Operating Income 27802.00 New Construction YN No New Taxes Expense 8607.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 12938.00 Operating Expense Percent 30.80 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 12938.00 Trash Expense 0.00 Vacancy Allowance 1260 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Other

    Listing provided courtesy of Michael Arp of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-26T17:29:17.683. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

     
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