1608 North Placentia Avenue

Fullerton, CA 92831

$1,450,000
Price
8
Beds
4
Baths
3,258 Sq. Ft.
$445 / Sq. Ft.
3,258
Sq. Ft.
$445
per Sq. Ft.

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 $6,800. The apartment is turnkey and has always been 100% occupied by long term tenants and rents are well below market. 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...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 $6,800. The apartment is turnkey and has always been 100% occupied by long term tenants and rents are well below market. 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.
  1. Listed by Daniel Ly • DRE #01918024 • Brokerage DRE #01918024 • Simplified Realty, Inc. • 714-654-6388

Property Details for 1608 North Placentia Avenue

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3258
LISTING UPDATED: 08/13/2024 02:56 PM

Property Details for 1608 North Placentia Avenue

StatusActive
MLS #PW24140728
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 8,057 SF
CountyOrange County

Building Information for 1608 North Placentia Avenue

Stories1Residences-Year Built1964Building Size-Lot Size0.18 AC / 8,057 SF

Property Information for 1608 North Placentia Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $81,600
  • Net Operating Income: $69,309
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $12,291
  • Fuel Expense: $2,160
  • Electric Expense: $480
  • Insurance Expense: $1,471
  • Professional Management Expense: $3,600
  • Trash Expense: $1,100
  • Water Sewer Expense: $3,480
  • Total Expenses: $12,291
Tax / Assessment Info
  • Tax Tract Number: 5047
  • Tax Census Tract: 117.11
  • CFD/Mello-Roos Fee: $1,038
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Equipment: Community, Outside
  • Room Type: Kitchen, Living Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Community, Outside
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Block, Wood
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 6500-9999, Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Door Opener, Garage
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0
  • Number With Range: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number Wall AC: 4

Property History for 1608 North Placentia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1608 North Placentia Avenue

Taxable ValueLand$730,647Additions$129,480Total$860,127
Tax Record2023$10,181 ($848 / month)
Home Facts
Total Finished SqFt3,258 SqFtAbove Grade Finished SqFt3,258 SqFtStories2Lot Size8,057 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN339-222-18

Schools near 1608 North Placentia Avenue

This home is within Placentia-Yorba Linda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Topaz Elementary School
PublicK to 6

Col. J. K. Tuffree Middle School
Public7 to 8

El Dorado High School
Public9 to 12

Parkview
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1608 North Placentia Avenue is a multi-family home for sale in Fullerton, CA 92831. This property was listed for sale on July 10, 2024 by Simplified Realty, Inc., it's currently listed at $1,450,000. It has been on the market for a total of 58 days and was last sold on December 6, 2013. This listing's school district is Placentia-Yorba Linda Unified School District. Nearby schools include Topaz Elementary School, Col. J. K. Tuffree Middle School and El Dorado High School. 1608 North Placentia Avenue is a 8-bed, 4-bath, 3,258 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Simplified Realty, Inc., Daniel Ly, DRE #01918024

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.