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17190 San Mateo St #28, Fountain Valley, CA 92708
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17190 San Mateo St #28 Fountain Valley, CA 92708

$1,450,000 Sold Price as of 12/26/2023
  • 8 Beds
  • 6 Baths
  • 3,800 Sq.Ft.
Sold
$1,450,000 Sold Price as of 12/26/2023 Refinance Your Mortgage
Map preview of 17190 San Mateo St #28, Fountain Valley, CA 92708

Property Overview: 17190 San Mateo St #28 Fountain Valley, CA has 8 bedrooms, 6 bathrooms, 3,800 living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4-UNIT INVESTMENT OPPORTUNITY located in Fountain Valley’s Park Pacific community. Rarely on the market, this condo-fourplex presents a unique opportunity to invest and then sit back and collect rents HASSLE FREE! Professionally managed and maintained by Park Pacific Apartments so you don’t have to do a thing! HOA dues are only $1,900 a month and include: on-site full professional management company, rent collection, accounting services, leasing of units, landscape, water, trash, gas, insurance, pool maintenance, “inside walls out” maintenance, and more. Tenants only pay for electricity, cable (if desired), and internet making it very attractive and easy to lease. Situated across from beautiful Mile Square Park and conveniently located close to freeways, this property features two 2 bed/2 baths and two 2 bed/1 baths. Each unit boasts 950 sqft of living space, a spacious living room, dining area, well equipped kitchen, private patios or balconies, generously sized bedrooms and bathrooms with separate dressing areas, AC wall units, and designated carports and storage space. Community amenities include beautifully manicured grounds with walking paths, pool and spa, gas BBQs, picnic tables, and laundry facilities. This property is being sold as-is with current leases in place. With only 42 condo fourplexes in Park Pacific West, the owner owns a 1/42nd % FEE interest in the common area. Don't miss out on this fantastic investment opportunity with the potential for a proforma re-rent rate of $2,700 (x2) and $2800 (x2).

Listed by Erin Nuzzo | BRE #01024903 | Coldwell Banker Realty
Co-listed by Marina Parker | BRE #01949288 | Coldwell Banker Realty
Last checked: 14 minutes ago | Last updated: December 27th, 2023 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
5,000
HOA Dues
$1900/mo
Year built
1970
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC23214167
City
Fountain Valley
County
Orange
Time on Site
174 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: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,225
  • Total Rent: $2,225
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,310
  • Total Rent: $2,310
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,520
  • Net Operating Income: $81,720
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,800
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 17190 San Mateo St #28

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Vinyl
  • Dressing Area, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Range, Disposal
Interior Features
  • Balcony
  • Levels: Two
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Community
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Estimated
  • Common Interest: Condominium
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 93029428
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Park Pacific
  • Association Fee: $1,900 (Frequency Unknown)
  • Association Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Pest Control, Gas, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Call for Rules, Management
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Park Pacific (PKPC)
  • Directions: See photo with building circled. Closest street to units is San Mateo.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Fountain Valley Agent

Sale History for 17190 San Mateo St #28

Last sold for $1,450,000 on December 26th, 2023

  • December, 2023

  • Dec 26, 2023

    Date

    Sold

    CRMLS: OC23214167

    $1,450,000

    Price

  • Nov 20, 2023

    Date

    Active

    CRMLS: OC23214167

    $1,500,000

    Price

Tax History for 17190 San Mateo St #28

Assessed Value (2020): $613,221
Year Land Value Improved Value Assessed Value
2020 $444,630 $168,591 $613,221

Home Value Compared to the Market

This property vs the competition

17190 San Mateo St #28 sold on December 26, 2023 for 11.11% higher than the current median sold price for the city of Fountain Valley which is $1,350,000. The median sold price per/sqft for Fountain Valley is $667 and this home is sold at $394.74 per/sqft which puts the price per square foot 40.82% lower than the current median sale per square foot for the city of Fountain Valley.

About 17190 San Mateo St #28

Detailed summary of property

17190 San Mateo St #28 is a fourplex that recently sold in Fountain Valley, CA 92708. This fourplex offered 8 bedrooms, 6 bathrooms, roughly 3,800 living square feet, and sits on an approximately 5,000 square foot lot. 17190 San Mateo St #28 was first listed on ArdentRealEstateGroup.com on November 21, 2023. The homeowner sold the property for $1,450,000. Home in Fountain Valley are selling for a median price of $1,350,000 and a median price per square foot of $667. Based on Ardent Real Estate Group's Fountain Valley Market Data, this home is sold 11.11% higher than the current median priced home. Local homes that are currently for sale include 938 S Gilbuck Dr, 317 W Guinida Ln and 915 W Maple Ave. This home does have a Homeowners Association and the monthly fee is $1,900 per month. While the average home in Fountain Valley, CA is selling in 18 days, 17190 San Mateo St #28 has a days on market of 19 days. There are currently 65 homes for sale in the Fountain Valley real estate market and 47 of them are single family homes while 10 of them are condos and 8 are townhomes. For more information on this home for sale at 17190 San Mateo St #28 Fountain Valley, CA 92708 contact Ardent Real Estate Group and we will put you in touch with one of our Fountain Valley agents.

Public Facts for 17190 San Mateo St #28

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
Residential Income (General) (Multi-Family)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
930-294-28

The source for these homes facts are from public records.

92708 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,300,000
Median List Price/Sq.Ft.
$650
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
64
Median Sale to List Price %
108.09%
Avg Days on Market
13
Loan Type
Conventional (25%), FHA (3.13%), VA (0%), Cash (50%), Other (18.75%)

Thinking of Selling?

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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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