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Fullerton, CA 92831,1600 N Placentia AVE
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Fullerton, CA 92831,1600 N Placentia AVE
Fullerton, CA 92831,1600 N Placentia AVE
Fullerton, CA 92831,1600 N Placentia AVE
Fullerton, CA 92831,1600 N Placentia AVE
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Jason Wright - Smith Group

Jason Wright - Smith Group

+1(949) 310-3417
$ 1,650,000
Est. payment /mo
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1600 N Placentia AVE Fullerton, CA 92831

0.3 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID PW25078045

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 0.300 Acres

Property Sub-Type Quadruplex

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.

Location

State CA

County Orange

Area 83 - Fullerton

Zoning R-3

Interior

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Range, Gas Water Heater

Laundry Common Area, Outside

Exterior

Parking Features Garage, Garage Door Opener

Garage Spaces 6.0

Garage Description 6.0

Fence Block, Wood

Pool None

Community Features Street Lights, Suburban, Sidewalks

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 6

Private Pool No

Building

Lot Description Back Yard, Corner Lot, Front Yard, Rectangular Lot

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 33922217

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 2328.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Daniel Ly • Simplified Realty, Inc. • 714-654-6388
agent

Jason Wright - Smith Group

+1(949) 310-3417

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1600 N Placentia AVE

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