1600 Placentia Avenue, Fullerton, CA 92831

List Price
Lot Size(apprx.)
Property Type

Property 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 $7,150, 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.

Additional Information

Lot Size
Mello Roos Fee
1 Story
Res Income 2-4 Units
Total Monthly Fee

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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Daniel Ly (714-654-6388) from Listing Office: Simplified Realty, Inc..

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