1600 N Placentia AVE Active

Fullerton,CA 92831

$ 1650000

- Bed

- Bath

3258 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,258 sqft

Price per Sqft $506

Subdivision ,Unknown

MLS Listing ID PW24135195

Year Built 1964

Lot Size 0.300 Acres

Property Description

BACK ON THE MARKET! 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 (buyer to verify with City of Fullerton). The apartment is 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 next​​‌​​​​‌​​‌‌​‌‌​​​‌‌‌​​‌ door.

Location

State CA

County Orange

Area 83 - Fullerton

Zoning R-3

Rooms

Ensuite Laundry Common Area,Outside

Interior

Laundry Location Common Area,Outside

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Laundry Common Area,Outside

Exterior

Garage Garage,Garage Door Opener

Garage Spaces 6.0

Garage Description 6.0

Fence Block,Wood

Pool None

Community Features Street Lights,Suburban,Sidewalks

View Y/N No

View None

Roof Type Composition

Building

Lot Description Back Yard,Corner Lot,Front Yard,Rectangular Lot

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Conventional,1031 Exchange

Listing Terms Cash,Conventional,1031 Exchange

Special Listing Condition Standard

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