Description
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 $7,400, an office space collecting $770 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 (site plan has already been approved by the city). the apartment is 100% occupied by long term tenants (all month to month) and rents are well below market. the complex was recently painted, 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.
Property Type
Residential IncomeCounty
OrangeStyle
Residential IncomeAD ID
49297722
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Composition
- Windows: Double Pane Windows
- Property Appliances: Disposal,Gas Range,Gas Water Heater
- Fireplace: None
- Flooring: Tile
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1964
- Building Area Total: 3,258
- Construction: Stucco
- Roof: Composition
Foundation
- Slab
Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Pool Features
- None
Laundry Features
- Common Area,Outside
Fencing
- Block,Wood
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3
- Lot Size Source: Assessor
- Lot Size Square Feet: 13068
-
Listing Information
Listing Price Information
- Original List Price: 1,650,000
- Listing Contract Date: 2025-04-09
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 33922217
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage,Garage Door Opener
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Electricity,Gas,Telephone
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 83 - Fullerton
- Postal Code Plus 4: 2254
- Directions: Corner of Placentia Ave & Garnet Lane
- Zoning: R-3
- Source Property Type: Residential Income
- Area: 83 - Fullerton
- Property SubType: Quadruplex
Building and Construction
- Property Age: 61
- Common Walls: 2+ Common Walls
- Property Condition: Updated/Remodeled
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 04/14/2025 @ 05:58
- MLS: PW25078045
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 8 bedrooms which is for sale, it has 3,258 sqft, 13,068 sized lot, and 6 parking. are nearby neighborhoods.