1600 N Placentia Avenue, Fullerton, CA 92831

Fullerton, CA 92831,1600 N Placentia Avenue

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Glen Henderson

[email protected] +1(619) 889-7646

$1,650,000

Est. payment - /mo

8 Beds

4 Baths

0.3 Acres Lot

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UPDATED:

08/31/2024 10:33 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24135195

Bedrooms 8

HOA Y/N No

Lot Size 0.300 Acres

Type of Financing Cash,Conventional,Exchange

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.
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 Oc - Fullerton (92831)

Zoning Assessor

Exterior

Exterior Feature Stucco

Roof Type Composition

Building

Lot Description Corner Lot, Sidewalks

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $86

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,700

Listing Terms Cash, Conventional, Exchange

CFD/Mello-Roos Fee $1, 038

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Listed by Daniel Ly • Simplified Realty, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1600 N Placentia Avenue Fullerton, CA 92831

Glen Henderson

Glen Henderson

Key Details

Location

Exterior

Building

Others

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