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1608 N Placentia Ave, Fullerton, CA 92831
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1608 N Placentia Ave Fullerton, CA 92831

$1,450,000
  • 8 Beds
  • 4 Baths
  • 3,258 Sq.Ft.
For Sale
$1,450,000 Get Pre-Qualified
Map preview of 1608 N Placentia Ave, Fullerton, CA 92831

Property Overview: 1608 N Placentia Ave Fullerton, CA has 8 bedrooms, 4 bathrooms, 3,258 living square feet and 8,057 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Daniel Ly | BRE #01918024 | Simplified Realty, Inc.
Last checked: 9 minutes ago | Last updated: August 14th, 2024 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
8,057
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24140728
City
Fullerton
County
Orange
Time on Site
80 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,600
  • Net Operating Income: $69,309
  • Gross Operating Income: --
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $12,291
  • Electric: $480
  • Gas/Fuel: $2,160
  • Trash: $1,100
  • Insurance: $1,471
  • Professional Management: $3,600
  • Water/Sewer: $3,480

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Property Details for 1608 N Placentia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Outside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Gas Water Heater
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage, Garage Door Opener
Lot Information
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lot 6500-9999, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 33922217
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Unknown
  • Directions: Corner of Placentia Ave & Garnet Lane
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Fullerton Agent

Sale History for 1608 N Placentia Ave

Last sold for $730,000 on December 13th, 2013

  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: PW24140728

    $1,450,000

    Price

  • December, 2013

  • Dec 13, 2013

    Date

    Sold (Public Records)

    Public Records

    $730,000

    Price

Show More

Tax History for 1608 N Placentia Ave

Assessed Value (2020): $801,700
Year Land Value Improved Value Assessed Value
2020 $681,445 $120,255 $801,700

Home Value Compared to the Market

This property vs the competition

1608 N Placentia Ave is listed 48.11% higher than the median list price for the city of Fullerton which has a median list price of $979,000. The median price per/sqft for Fullerton is $604 and this home is listed at $445.06 per/sqft which puts the price per square foot 26.31% lower than the median price per square foot for the city of Fullerton.

About 1608 N Placentia Ave

Detailed summary of property

1608 N Placentia Ave is a fourplex located in Fullerton, CA 92831 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,258 living square feet, and sits on an approximately 8,057 square foot lot. 1608 N Placentia Ave was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $1,450,000. The median priced home in Fullerton is $979,000 with a median price per square foot of $604. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 48.11% higher than the median priced home. Local competing homes currently for sale include 2519 N Canal St, 825 S Claudina St and 0 chestnut. While the average home in Fullerton, CA is selling in 55 days, 1608 N Placentia Ave has a days on market of 76 days. There are currently 199 homes for sale in the Fullerton real estate market and 155 of them are single family homes while 32 of them are condos and 12 are townhomes. For more information on this home for sale at 1608 N Placentia Ave Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 1608 N Placentia Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,258
Lot Size
8,063
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
339-222-18

The source for these homes facts are from public records.

92831 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,145,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$780,000
Median Sold Price/Sq.Ft.
$531
Total Inventory
45
Median Sale to List Price %
100.65%
Avg Days on Market
20
Loan Type
Conventional (58.33%), FHA (0%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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.

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