1600 N Placentia Avenue, Fullerton, CA 92831

$1,650,000
List Price
$1,650,000
Status
ACTIVE
MLS#
PW24135195
Year Built
1964
Lot Size
13,068
Acres
0.30
Lot Location
Back Yard, Corner Lot, Front Yard, Rectangular Lot
Days on Market
3
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level
Neighborhood
, Unknown

Property Description

GREAT INVESTMENT OPPORTUNITY! This corner lot single story 4 units income property offers great opportunities for additional incomes. Monthly the 4 units (all 2 Bedrooms & 1 Bathroom) are collecting $7,150, an office space collecting $700 plus a laundry income of $250-$300 per month. On top of all these - there is a potential to build 2 additional ADU units in the land adjacent to the main building (plan has been submitted to the City of Fullerton). The apartment is turnkey and has always been 100% occupied by long term tenants (all month to month) and rents are well below market. A brand new roof was installed in Nov 2019, windows are dual panes and copper plumbing repipe in 2024. All 4 units have upgraded baths and 3 units has new kitchen with shaker cabinets and quartz countertop. Every unit has tile floor, wall AC, private front yard and are individually metered for gas and electricity. Owner pays for water, trash and common area electricity and gas for the laundry and water heater. Additional features include on-site coined laundry (lease transferable to next owner) and three - 2 car garages for 6 car parking. It is conveniently located near the 57 & 91 freeway, shopping center, Cal State Fullerton, public transportation, etc. Also available for sale next door is 1608 N. Placentia​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​‌​​​‌‌​​​‌‌‌​​​ Ave.

Additional Information

Appliances
Disposal, Gas Range, Gas Water Heater
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Exterior Construction
Stucco
Roof
Composition
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$97,620
Operating Expense
15195

Listing courtesy of Listing Agent: Daniel Ly (agently99@yahoo.com) from Listing Office: Simplified Realty, Inc..

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.