17190 San Mateo Street Unit 28, Fountain Valley, CA 92708
- $1,450,000
- Sold Price
- $1,450,000
- List Price
- $1,500,000
- Closing Date
- Dec 26, 2023
- Status
- CLOSED
- MLS#
- OC23214167
- Year Built
- 1970
- Lot Size
- 5,000
- Acres
- 0.11
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 18
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Park Pacific (Pkpc)
Property Description
4-UNIT INVESTMENT OPPORTUNITY located in Fountain Valley’s Park Pacific community. Rarely on the market, this condo-fourplex presents a unique opportunity to invest and then sit back and collect rents HASSLE FREE! Professionally managed and maintained by Park Pacific Apartments so you don’t have to do a thing! HOA dues are only $1,900 a month and include: on-site full professional management company, rent collection, accounting services, leasing of units, landscape, water, trash, gas, insurance, pool maintenance, “inside walls out” maintenance, and more. Tenants only pay for electricity, cable (if desired), and internet making it very attractive and easy to lease. Situated across from beautiful Mile Square Park and conveniently located close to freeways, this property features two 2 bed/2 baths and two 2 bed/1 baths. Each unit boasts 950 sqft of living space, a spacious living room, dining area, well equipped kitchen, private patios or balconies, generously sized bedrooms and bathrooms with separate dressing areas, AC wall units, and designated carports and storage space. Community amenities include beautifully manicured grounds with walking paths, pool and spa, gas BBQs, picnic tables, and laundry facilities. This property is being sold as-is with current leases in place. With only 42 condo fourplexes in Park Pacific West, the owner owns a 1/42nd % FEE interest in the common area. Don't miss out on this fantastic investment opportunity with the potential for a proforma re-rent rate of $2,700 (x2) and $2800 (x2).
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Additional Information
- HOA
- 1900
- Association Amenities
- Call for Rules, Gas, Maintenance Grounds, Insurance, Management, Outdoor Cooking Area, Barbecue, Picnic Area, Pool, Pet Restrictions, Pets Allowed, Spa/Hot Tub, Trash, Water
- Appliances
- Dishwasher, Electric Range, Disposal
- Pool Description
- Community, Association
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Bedroom on Main Level, Dressing Area, Main Level Primary
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $104,520
- Operating Expense
- 22800
Listing courtesy of Listing Agent: Erin Nuzzo (MoveWithErinToday@gmail.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Hidetoshi Okada from Sweet Bay Properties
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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.