Turn-Key, Well-Maintained Income Property with Upside
Pride of ownership shows throughout this turn-key, recently updated investment property. The building has been professionally maintained by long-term ownership and is in excellent condition. Capital improvements include dual-pane windows, a newer roof, and fresh exterior paint, minimizing near-term maintenance and capital expense.
All units are well maintained and updated, offering a strong in-place income stream with clear upside potential through future rent increases. Current operations reflect consistent performance, making this an ideal opportunity for both hands-off investors and value-add buyers seeking stable cash flow with growth potential.
Excellent location with strong rental demand. A rare opportunity to acquire a low-maintenance, pride-of-ownership asset in a desirable rental market.
Sold for $1,665,000
Listed by: THE IVRI GROUP, INC. • Naresh Sakhrani • Contact: 855-777-8848
Bought with: NONMEMBER MRML
$1,665,000
225 W Knepp Ave, Fullerton, CA 92832
8beds
4baths
3,752sqft
Quadruplex
Built in 1958
-- sqft lot
$-- Zestimate®
$444/sqft
$3,992 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,992/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Naresh Sakhrani DRE #01885274 855-777-8848,
THE IVRI GROUP, INC.
Bought with:
General NONMEMBER, DRE #02016036
NONMEMBER MRML
Source: CRMLS,MLS#: CV26024421
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- Ductless, Wall/Window Unit(s)
Appliances
- Included: 6 Burner Stove, Dishwasher
- Laundry: Common Area
Features
- Flooring: Carpet, Laminate, Tile
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,752
- Total interior livable area: 3,752 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Off Street, Garage Faces Rear, Uncovered
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
Lot
- Size: 6,098 Square Feet
- Features: Landscaped, Rectangular Lot, Sprinkler System
Details
- Parcel number: 07307105
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
- Subdivision: Fullerton
Location
- Region: Fullerton
Financial & listing details
- Price per square foot: $444/sqft
- Tax assessed value: $1,612,620
- Annual tax amount: $18,670
- Date on market: 2/2/2026
- Cumulative days on market: 9 days
- Listing terms: Cash,Cash to New Loan,Conventional,Contract,FHA,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Sold | $1,665,000+0.9%$444/sqft |
Source:  CRMLS #CV26024421 Report a problem | ||
| 3/2/2026 | Pending sale | $1,649,990$440/sqft |
Source: CRMLS #CV26024421 Report a problem | ||
| 2/3/2026 | Listed for sale | $1,649,990+6.5%$440/sqft |
Source: CRMLS #CV26024421 Report a problem | ||
| 2/9/2023 | Sold | $1,550,000$413/sqft |
Source: Public Record Report a problem | ||
| 1/30/2023 | Pending sale | $1,550,000$413/sqft |
Source: CRMLS #OC22186227 Report a problem | ||
| 12/20/2022 | Contingent | $1,550,000-6.1%$413/sqft |
Source: CRMLS #OC22186227 Report a problem | ||
| 8/26/2022 | Listed for sale | $1,650,000+15.4%$440/sqft |
Source: CRMLS #OC22186227 Report a problem | ||
| 5/24/2021 | Sold | $1,430,000-3.7%$381/sqft |
Source: Public Record Report a problem | ||
| 1/15/2021 | Listing removed | -- |
Source:  CRMLS Report a problem | ||
| 10/29/2020 | Listed for sale | $1,485,000$396/sqft |
Source: Marcus & Millichap RE Invest #OC20228047 Report a problem | ||
| 7/28/2020 | Listing removed | $1,485,000$396/sqft |
Source: Marcus & Millichap RE Invest #OC20111622 Report a problem | ||
| 5/4/2020 | Listed for sale | $1,485,000+43.5%$396/sqft |
Source: Marcus & Millichap RE Invest #OC20084574 Report a problem | ||
| 9/18/2019 | Sold | $1,035,000-1.3%$276/sqft |
Source: CRMLS #PW19171277 Report a problem | ||
| 8/16/2019 | Pending sale | $1,049,000$280/sqft |
Source: Vanguard Property Group #PW19171277 Report a problem | ||
| 8/13/2019 | Price change | $1,049,000-2.4%$280/sqft |
Source: Vanguard Property Group #PW19171277 Report a problem | ||
| 8/2/2019 | Listed for sale | $1,075,000$287/sqft |
Source: Vanguard Property Group #PW19171277 Report a problem | ||
| 7/29/2019 | Pending sale | $1,075,000$287/sqft |
Source: Vanguard Property Group #PW19171277 Report a problem | ||
| 7/18/2019 | Listed for sale | $1,075,000$287/sqft |
Source: Vanguard Property Group #PW19171277 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,670 +4.1% | $1,612,620 +2% |
| 2024 | $17,936 +0.6% | $1,581,000 +6.3% |
| 2023 | $17,830 -14.6% | $1,487,772 +2% |
| 2022 | $20,884 +69.9% | $1,458,600 +39.5% |
| 2021 | $12,292 -29.5% | $1,045,722 +1% |
| 2020 | $17,437 +42.7% | $1,035,000 +165.7% |
| 2019 | $12,223 +136% | $389,608 +2% |
| 2018 | $5,179 +3.1% | $381,969 +2% |
| 2017 | $5,022 | $374,480 +2% |
| 2016 | $5,022 +2% | $367,138 +1.5% |
| 2015 | $4,924 +5.6% | $361,624 +2% |
| 2014 | $4,663 | $354,541 +0.5% |
| 2013 | -- | $352,939 +2% |
| 2012 | -- | $346,019 +2% |
| 2011 | -- | $339,235 +0.8% |
| 2010 | -- | $336,700 -0.2% |
| 2009 | -- | $337,501 +2% |
| 2008 | -- | $330,884 +2% |
| 2007 | -- | $324,397 +2% |
| 2006 | -- | $318,037 +2% |
| 2005 | -- | $311,801 +2% |
| 2004 | -- | $305,688 +1.9% |
| 2003 | -- | $300,086 +2% |
| 2002 | -- | $294,202 +2% |
| 2001 | $3,148 +15.5% | $288,434 +16.8% |
| 2000 | $2,727 | $246,904 |
Find assessor info on the county website
Neighborhood: 92832
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Nearby schools
GreatSchools rating
- 6/10Richman Elementary SchoolGrades: K-6Distance: 0.3 mi
- 5/10Nicolas Junior High SchoolGrades: 7-8Distance: 1 mi
- 8/10Fullerton Union High SchoolGrades: 9-12Distance: 1 mi
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- California
- Orange County
- Fullerton
- 92832
- 225 W Knepp Ave
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