1608 N Placentia Avenue, Fullerton, CA 92831
- $1,400,000
- Sold Price
- $1,400,000
- List Price
- $1,450,000
- Closing Date
- Aug 08, 2025
- Status
- CLOSED
- MLS#
- PW25078096
- Year Built
- 1964
- Lot Size
- 8,057
- Acres
- 0.19
- Lot Location
- Back Yard, Corner Lot, Front Yard, Rectangular Lot
- Days on Market
- 83
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
- Neighborhood
- Unknown
Property Description
GREAT INVESTMENT OPPORTUNITY! This single story 4 units income property offers great opportunities for higher market rent. Monthly the 4 units (all 2 Bedrooms & 1 Bathroom) are collecting $6,950. The apartment is turnkey and has always been 100% occupied by long term tenants and rents are well below market. Complex was recently painted on the exterior, a brand new roof was installed in Nov 2019 on the main building and in June 2024 on the garage building. Unit A has been upgraded last year with a new kitchen, bath and interior paint. 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 water heater. The central water heater underground plumbing was replaced in 2020 and gas line in May 2024. All units has dual pane windows. Additional features include on-site coined laundry 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. PROPERTY NEXT DOOR (1600 N. PLACENTIA AVE) JUST CLOSED FOR $1.65M.
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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
- $81,600
- Operating Expense
- 12291
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.