1600 Placentia Avenue, Fullerton

$1,650,000

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8

Beds

4

Baths

0.30

Acres

About 1600 Placentia Avenue

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 (plan has been submitted to the City of Fullerton). The apartment is turnkey and has always been 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.

Features of 1600 Placentia Avenue

MLS® # PW24135195
Price $1,650,000
Bedrooms 8
Bathrooms 4.00
Acres 0.30
Year Built 1964
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 1600 Placentia Avenue
Area 83 - Fullerton
Subdivision Unknown
City Fullerton
County Orange
Zip Code 92831

Amenities

Parking Spaces 6
Parking Garage, Garage Door Opener
# of Garages 6
Garages Garage, Garage Door Opener
View None
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Tile
Appliances Disposal, Gas Range, Gas Water Heater
Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
Fireplaces None
# of Stories 1
Stories One

Exterior

Exterior Stucco
Lot Description Back Yard, Corner Lot, Front Yard, Rectangular Lot
Windows Double Pane Windows
Roof Composition
Construction Stucco
Foundation Slab

Additional Information

Date Listed July 5th, 2024
Days on Market 5
Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDaniel Ly
OfficeSimplified Realty, Inc.

Listing Map

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