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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,450,000

Est. payment - /mo

8,058 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID PW25078096

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 8,058 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

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 2160.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Daniel Ly Simplified Realty, Inc. 714-654-6388

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1608 N Placentia AVE Fullerton, CA 92831