1600 N Placentia Ave, Fullerton, California, United States

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Home For Sale

$1,650,000

1600 N Placentia Ave
Fullerton, California, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 09/11/2024

Listing ID: GL11238569 View More Details

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 and 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 and 91 freeway, shopping center, Cal State Fullerton, public transportation, etc. Also available for sale next door is 1608 N. Placentia Ave next door.

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Listed by: Daniel Ly