1600 N Placentia Avenue, Fullerton, CA 92831
- $1,650,000
- Sold Price
- $1,650,000
- List Price
- $1,650,000
- Closing Date
- May 09, 2025
- Status
- CLOSED
- MLS#
- PW25078045
- Year Built
- 1964
- Lot Size
- 13,068
- Acres
- 0.30
- Lot Location
- Back Yard, Corner Lot, Front Yard, Rectangular Lot
- Days on Market
- 15
- 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 $7,400, 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. Placentia Ave.
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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..
Listing sold by Ali Jafarkhani from CENTURY 21 MASTERS
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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.