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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(s):
Residential Income
| Last Updated | 4/9/2025 | Tract | Unknown |
|---|---|---|---|
| Year Built | 1964 | Community | Fullerton |
| Garage Spaces | 6.0 | County | Orange |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Gas Range, Gas Water Heater |
| AREA | Fullerton |
| CONSTRUCTION | Stucco |
| GARAGE | Garage, Garage Door Opener, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 0.3 acre(s) |
| LOT DESCRIPTION | Back Yard, Corner Lot, Front Yard, Rectangular Lot |
| PARKING | Garage,Garage Door Opener |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Unknown |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R-3 |
Location
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Listed with Simplified Realty, Inc.
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