1600 N Placentia AVE Active Save Request In-Person Tour Request Virtual Tour
Fullerton,CA 92831
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,258 sqft
Price per Sqft $506
Subdivision ,Unknown
MLS Listing ID PW24135195
Year Built 1964
Lot Size 0.300 Acres
Property Description
BACK ON THE MARKET! 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 $7,150, an office space collecting $700 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 (buyer to verify with City of Fullerton). The apartment is 100% occupied by long term tenants (all month to month) and rents are well below market. 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 next door.
Location
State CA
County Orange
Area 83 - Fullerton
Zoning R-3
Rooms
Ensuite Laundry Common Area,Outside
Interior
Laundry Location Common Area,Outside
Heating Wall Furnace
Cooling None
Flooring Tile
Fireplaces Type None
Laundry Common Area,Outside
Exterior
Garage 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
Building
Lot Description Back Yard,Corner Lot,Front Yard,Rectangular Lot
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard