22
See all 22 photos
$1,450,000
Est. payment /mo
8 Beds
4 Baths
Active Under Contract
1608 N Placentia Avenue Fullerton, CA 92831
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID PW25078096
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Corner of Placentia Ave & Garnet Lane
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Tax ID 33922217
Listed by Daniel Ly Simplified Realty, Inc.