16129 Evans Circle, Fountain Valley, CA 92708
- $1,750,000
- 7
- BD
- 5
- BA
- 2,740
- SqFt
- Sold Price
- $1,750,000
- List Price
- $1,695,000
- Closing Date
- Oct 31, 2023
- Status
- CLOSED
- MLS#
- PW23177837
- Year Built
- 2023
- Bedrooms
- 7
- Bathrooms
- 5
- Living Sq. Ft
- 2,740
- Lot Size
- 11,875
- Acres
- 0.27
- Days on Market
- 7
- Property Type
- Single Family Residential
- Style
- Modern
- Property Sub Type
- Single Family Residence
- Stories
- One Level
- Neighborhood
- Other
Property Description
Huge lot 12,000 sqft !!! Incredible Two Brand-New Single-Family Homes on One Lot, for $847,500 EACH HOME! Welcome to a unique investment opportunity in the heart of Orange County. This property boasts two brand-new single-family homes, each offering the potential for substantial rental income. With a total market rent of $7,900 per month, this is a dream come true for investors seeking maximum profit potential. Unit 1 (New Construction): Built in 2023, this impressive unit offers modern living at its finest. Features a spacious 3 bedrooms and 2 bathrooms approximate 1,200 sqft of living space. The interior is loaded with upgrades, including 9-foot ceilings, a generously sized kitchen with an oversized peninsula, high-quality appliances, and sleek modern kitchen cabinets. Enjoy the comfort of central A/C, recessed lighting, beautiful wood flooring, walk-in closets, and convenient washer/dryer hookups. This unit effortlessly combines luxury and comfort, creating an ideal living space. Potential to achieve a market rent of $3,700 per month. Unit 2 (Fully Remodeled): The second unit has been fully remodeled to meet the highest standards. Offering 4 bedrooms and 3 bathrooms, with approximately 1,600 square feet of living space. It features all the latest upgrades, ensuring a comfortable and modern lifestyle. Potential to achieve a market rent of $4,200 per month. It's perfect for first-time homeowners looking to live in one unit and rent out the other. Investor's Dream: This property presents an ideal choice for 1031-Exchange opportunities and income-focused investors. With both units having their OWN water, gas, and electric meters, as well as plenty of parking space on the expansive driveway, maintenance will be hassle-free for the next 10+ years. Don't miss out on this extraordinary opportunity to secure high rental income potential in a prime Orange County location. This is a rare chance to own a property that offers both luxury and financial promise.
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Additional Information
- Appliances
- Disposal, Gas Range
- Pool
- Yes
- Pool Description
- Heated, Private
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Garden Grove Unified
- Interior Features
- High Ceilings, Open Floorplan, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Vinh Pham (info@nrigroup.net) from Listing Office: NRI Group.
Listing sold by Nathan Nguyen from Best Realty & Finance, Inc.
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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.