1608 N Placentia Avenue
Fullerton, CA 92831
Listing provided courtesy of: Simplified Realty, Inc.
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.
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Features:
Disposal, Gas Range, Gas Water Heater Tile Back Yard, Corner Lot, Front Yard, Rectangular Lot Garage, Garage Door Opener Composition Carbon Monoxide Detector(s), Smoke Detector(s) Public Sewer Double Pane Windows
| Price: | $1,450,000 |
| Interior (SQFT): | 8,059 |
| Lot Size (SQFT): | 8,059 |
| Property Type: | Residential Income |
| Year Built: | 1964 |
| Subdivision: | Unknown |
Listing provided courtesy of: Simplified Realty, Inc.. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 05/12/2025 21:14:23
