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Off Market May 2021 for $1.6M

$2,002,887

Est. refi paymentEst. refi $10,531/mo

•

10 ba

•

4,527

sq ft

2040 Associated Rd, Fullerton, CA 92831

About this home

Extraordinarily large four-plex with upside in the rents. Most of the windows are dual-pane glass and some of the interiors have updated kitchens and bathrooms. This neighborhood provides housing to many students who attend nearby universities. A key difference this property offers as compared to the neighboring buildings is the additional bathrooms; The (2) Three-Bedroom Units have 2.5 Bathrooms and the (2) Two-Bedroom Units have 2 Bathrooms making this a rare opportunity. The current tenants have been occupying the building for many years making for a steady rental income history and reliable returns. Additionally the income can be improved substantially as there is upside in the rents. It is an “all electric’ building with individual meters. This property also offers fantastic exposure on Associated Road. The current owner strategically kept the parking as carports instead of garages in order to make sure the tenants do not use the garages for storage (6 Spaces).

Multi-familyProperty Type

1964Year Built

7,405 sq ftLot Size

$442Est. Price/Sq.Ft.

Listed by Michael Sacks •DRE #01945984 • Coldwell Banker Res. Brokerage

Bought with Janet Lu •DRE #01403197 • RE/MAX 2000 REALTY

Redfin checked: a minute ago

•Source:CRMLS #PW21069338

Redfin Estimate

$2,002,887

$388K since sold in May 2021$8,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 33.3% higher than the average sale price ($1.50M) of 6 comparable homes.

SOLD MAY 8, 2026
$1,625,000
A
9 beds7 baths4,337 sq ft
3024 Topaz Ln, Fullerton, CA 92831
SOLD OCT 24, 2025
$1,395,000
B
8 beds4 baths3,258 sq ft
3037 Garnet Ln, Fullerton, CA 92831
SOLD DEC 2, 2025
$1,455,000
C
8 beds4 baths3,268 sq ft
3119 Garnet, Fullerton, CA 92831
SOLD OCT 20, 2025
$1,555,000
D
8 beds4 baths3,258 sq ft
3100 Garnet Ln, Fullerton, CA 92831
SOLD AUG 31, 2026
$1,335,000
E
5 beds2.5 baths2,501 sq ft
1501 Concord, Fullerton, CA 92831
SOLD FEB 11, 2026
$1,650,000
F
9 beds6.5 baths4,337 sq ft
3043 Topaz Ln, Fullerton, CA 92831
Morgan Skenderian

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Earn from this home

Sell

$740,772

Est. take-home

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Est. cash available

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Market trends in 92831, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.8%

0.1% MoM

Median sale price

$1.1M

$70K MoM

Avg. days on market

28d

0 days MoM

Recently sold homes

5 MoM

New listings for sale

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3 beds3 baths1,604 sq ft
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2 beds2 baths931 sq ft
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$477,000
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NextGen Properties
See all

Provided by Redfin

Sale history for 2040 Associated Rd

Date

Event

Price

Public Records

May 14, 2021

Sold

$1,625,000

$359/sq ft

CRMLS #PW21069338

May 15, 2021

Sold

$1,615,000

$357/sq ft

Apr 24, 2021

Contingent

—

Apr 19, 2021

Relisted

—

Apr 19, 2021

Price Changed

$1,625,000

$359/sq ft

Apr 13, 2021

Contingent

—

Apr 2, 2021

Listed

$1,589,000

$351/sq ft

CRMLS #PW20051140

Sep 1, 2020

Listing Removed

—

Aug 24, 2020

Price Changed

$1,580,000

$349/sq ft

Aug 6, 2020

Price Changed

$1,595,000

$352/sq ft

Aug 5, 2020

Relisted

—

Jun 23, 2020

Relisted

—

May 18, 2020

Delisted

—

May 16, 2020

Relisted

—

Apr 17, 2020

Delisted

—

Apr 9, 2020

Relisted

—

Mar 17, 2020

Delisted

—

Mar 9, 2020

Listed

$1,629,000

$360/sq ft

CRMLS #P432835

Jan 31, 2005

Sold

$950,000

$210/sq ft

Jan 18, 2005

Listed

$950,000

$210/sq ft

CRMLS #P320987

Jan 17, 2003

Sold

$588,000

$130/sq ft

Nov 23, 2002

Listed

$585,000

$129/sq ft

Public Records

Dec 22, 1988

Sold

$372,500

$82/sq ft

Public Records

Jun 19, 1986

Sold

$59,500

$13/sq ft

Public Records

Mar 11, 1986

Sold

$234,500

$52/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$20,146 (+4.1%)

$1,574,054 + $174,073

$1,748,127

2024

$19,354 (+2.5%)

$1,574,054 + $174,073

$1,748,127

2023

$18,889 (+0.7%)

$1,543,190 + $170,660

$1,713,850

2022

$18,767 (+97.7%)

$1,512,932 + $167,314

$1,680,246

2021

$9,494 (+0.6%)

$1,483,266 + $164,034

$1,647,300

2020

$9,439 (+2.5%)

$573,886 + $212,873

$786,759

2019

$9,206 (+1.5%)

$568,001 + $210,691

$778,692

2018

$9,070 (+1.7%)

$556,864 + $206,560

$763,424

2017

$8,921 (+2.1%)

$535,240 + $198,540

$733,780

2016

$8,739 (+2.8%)

$535,240 + $198,540

$733,780

2015

$8,502 (+2.9%)

$524,745 + $194,648

$719,393

2014

$8,260 (+0.5%)

$506,738 + $187,970

$694,708

2013

$8,223 (+1.9%)

$506,738 + $187,970

$694,708

2012

$8,071 (+3.4%)

$504,448 + $187,121

$691,569

2011

$7,810 (+1.0%)

$494,557 + $183,452

$678,009

2010

$7,731 (+0.8%)

$484,860 + $179,855

$664,715

2009

$7,668 (+3.0%)

$481,237 + $178,511

$659,748

2008

$7,447

$482,381 + $178,936

$661,317

Tax history for 2040 Associated Rd

Year

Property tax

Land + Additions

Assessment*

2025

$20,146 (+4.1%)

$1,574,054 + $174,073

$1,748,127

2024

$19,354 (+2.5%)

$1,574,054 + $174,073

$1,748,127

2023

$18,889 (+0.7%)

$1,543,190 + $170,660

$1,713,850

2022

$18,767 (+97.7%)

$1,512,932 + $167,314

$1,680,246

2021

$9,494 (+0.6%)

$1,483,266 + $164,034

$1,647,300

2020

$9,439 (+2.5%)

$573,886 + $212,873

$786,759

2019

$9,206 (+1.5%)

$568,001 + $210,691

$778,692

2018

$9,070 (+1.7%)

$556,864 + $206,560

$763,424

2017

$8,921 (+2.1%)

$535,240 + $198,540

$733,780

2016

$8,739 (+2.8%)

$535,240 + $198,540

$733,780

2015

$8,502 (+2.9%)

$524,745 + $194,648

$719,393

2014

$8,260 (+0.5%)

$506,738 + $187,970

$694,708

2013

$8,223 (+1.9%)

$506,738 + $187,970

$694,708

2012

$8,071 (+3.4%)

$504,448 + $187,121

$691,569

2011

$7,810 (+1.0%)

$494,557 + $183,452

$678,009

2010

$7,731 (+0.8%)

$484,860 + $179,855

$664,715

2009

$7,668 (+3.0%)

$481,237 + $178,511

$659,748

2008

$7,447

$482,381 + $178,936

$661,317

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

7,405 Sq. Ft.

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Orange County

APN

33709401

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 22, 2026.

Limited-Density Multiple-Family Residential Zone

R-3 limited-density multiple-family residential is designed for use where apartment and condominium development can be physically separated from single-family type residences by a street or terrain feature.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Lodging & hospitality

Property details

Interior

Laundry Information
Has Laundry
Community, Dryer Included, Washer Included

Interior Features
Levels: Two

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Seller
Lot Features: 2-5 Units/Acre

Property Information
Total # of Units: 4
Common Walls: No Common Walls
Parcel Number: 33709401
Total # of Stories: 2
Year Built Source: Seller

Financial

Lease / Rental Details
Operating Expense: $27,612
Rent Control

Utilities

Utilities Information
Sewer: Public Sewer
Water Source: District/Public

Location

Unit Type 1 Information
Unit Key Numeric: 10740268
Listing Key Numeric: 365337846
Actual Rent: $2,395
Total # of Baths: 3
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $2,395
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 10740269
Listing Key Numeric: 365337846
Actual Rent: $2,000
Total # of Baths: 3
Furnished: Unfurnished
Total # of Beds: 3
Total Rent: $2,000
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 365337846
Unit Key Numeric: 10740270
Actual Rent: $1,600
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,600
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 365337846
Unit Key Numeric: 10740271
Actual Rent: $1,600
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,600
Total # of Units: 1

Expenses
New Taxes: $18,000

Multi-Unit Information
Net Operating Income: $61,783
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 4,527
Gross Scheduled Income: $92,160
Gross Operating Income: $89,395
Gross Income: $92,160
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 1
Operating Expense Percent: $30
Vacancy Allowance Rate: 3
Vacancy Allowance: 2765

Neighborhood Information
Community Features: Curbs

Location Information
Latitude: 33.89107500
Longitude: -117.88530600
Other Subdivision Name: University Villas (UNIV)
Directions: On Associated, north of Yorba Linda Blvd
Subdivision Name: University Villas (UNIV)

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 7,405 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Orange County
APN: 33709401

Home facts updated by county records on Jul 22, 2026

Other

Listing Information
Days Active in MLS: 22
Continuous Days Active in MLS: 22

Listing Agent Information
List Agent First Name: Michael
List Agent Last Name: Sacks

Listing Office Information
List Office Name: Coldwell Banker Realty

Selling Agent Information
Buyer Agent First Name: JANET
Buyer Agent Last Name: LU

Selling Office Information
Buyer Office Name: RE/MAX 2000 REALTY

Around this home

Schools

Rolling Hills Elementary School

Public K-6 • Assigned • 1.2mi

5/10

Ladera Vista Junior High School

Public 7-8 • Assigned • 1.5mi

4/10

Troy High School

Public 9-12 • Assigned • 0.8mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

5/10 Flood Factor

Estimated 19-29% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 95° expected this year, 21 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

7 unhealthy days expected this year, 9 days in 30 years

Provided by First Street

Historical weather

Fullerton, CA • 92831

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$1.90M – $2.30M

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Home values near 2040 Associated Rd

Data from public records.

Address	Redfin Estimate
2032 Associated Road, Fullerton, CA - Beds \| - Baths \| 4689 Sq. Ft.	$1,648,969
2020 Associated Road Unit 8, Fullerton, CA 2 Beds \| - Baths \| 976 Sq. Ft.	$456,403

Address	Redfin Estimate
2014 Associated Road Unit 12, Fullerton, CA 2 Beds \| 2 Baths \| 972 Sq. Ft.	$560,746
2020 Associated Road Unit 5, Fullerton, CA 2 Beds \| - Baths \| 965 Sq. Ft.	$470,301

Address	Redfin Estimate
2020 Associated Road Unit 6, Fullerton, CA 2 Beds \| 2 Baths \| 965 Sq. Ft.	$535,512
2020 Associated Road Unit 7, Fullerton, CA 2 Beds \| 2 Baths \| 972 Sq. Ft.	$485,752

Property information provided by CRMLS when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 92831, CA

Sale history for 2040 Associated Rd

Tax history for 2040 Associated Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 92831

Home values near 2040 Associated Rd

More real estate resources