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Listed by Daniel Ly • Simplified Realty, Inc.
$ 1,450,000
Est. payment /mo
Active
1608 North Placentia Avenue Fullerton, CA 92831
3,258 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,258 sqft
Price per Sqft $445
MLS Listing ID PW-25078096
Year Built 1964
Lot Size 8,057 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County Orange
Area 83 - Fullerton
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Flooring Tile
Fireplaces Type None
Laundry Community, Outside
Exterior
Parking Features Garage, Garage Door Opener
Garage Spaces 6.0
Pool None
Community Features Sidewalks, Street Lights, Suburban
View Y/N No
View None
Building
Lot Description Corner Lot, Front Yard, Lot 6500-9999, Rectangular Lot, Back Yard
Sewer Public Sewer