24
See all 24 photos
$1,650,000
Est. payment /mo
8 Beds
3,258 SqFt
Active Under Contract
1600 N Placentia Avenue Fullerton, CA 92831
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,258 sqft
Price per Sqft $506
MLS Listing ID CRPW25078045
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
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 $7,400, an office space collecting $770 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 (site plan has already been approved by the city). The apartment is 100% occupied by long term tenants (all month to month) and rents are well below market. The complex was recently painted, 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
Location
State CA
County Orange
Zoning R-3
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile
Fireplace No
Appliance Gas Water Heater
Laundry Community Facility, Other
Exterior
Exterior Feature Back Yard, Front Yard, Other
View Y/N false
View None
Total Parking Spaces 6
Building
Lot Description Corner Lot, Other, Back Yard, Front Yard
New Construction No
Others
Tax ID 33922217
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Listed by Daniel Ly • Simplified Realty, Inc.