16402 San Jacinto, Fountain Valley, CA 92708
16402 San Jacinto, Fountain Valley, CA 92708
16402 San Jacinto, Fountain Valley, CA 92708
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$2,350,000
Est. payment /mo
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7,840 Sqft Lot
Price Dropped by $150K

16402 San Jacinto Fountain Valley, CA 92708

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Rick Lee

Rick Lee

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision California Colony (Calc)

MLS Listing ID OC26187316

HOA Y/N No

Year Built 1964

Lot Size 7,840 Sqft

Property Sub-Type Quadruplex

Property Description

Rare opportunity to acquire a fully renovated, turnkey four-unit investment property in the heart of Fountain Valley. Offering approximately 4,500 square feet of living area, the property features an exceptional unit mix of two spacious 3-bedroom, 2-bath residences and two 2-bedroom, 2-bath residences.
All four units have been extensively renovated with updated kitchens, beautifully finished bathrooms, modern flooring, fixtures, and contemporary finishes throughout. Each unit also features its own individual washer and dryer, adding convenience for tenants and further enhancing rental appeal. The property also features a new roof and a fully remodeled exterior, including upgraded landscaping and new artificial turf designed for attractive, low-maintenance ownership.
The improvements and additional living area have been completed with permits, creating a highly desirable approximately 10-bedroom, 8-bath configuration. Pro forma rents of $4,250 for each 3-bedroom unit and $3,500 for each 2-bedroom unit generate approximately $15,500 in monthly Gross Scheduled Income and $186,000 in annual GSI.
With strong Fountain Valley rental demand, an unusually desirable mix of larger two- and three-bedroom units, extensive interior and exterior improvements, in-unit laundry for every residence, and turnkey condition throughout, this property offers an excellent opportunity for an investor seeking strong income potential with minimal near-term capital expenditures.

Location

State CA

County Orange

Area 68 - N Of Heil, S Of Blsa, E Of Brookhrst, W Of Ha

Interior

Fireplace No

Laundry In Kitchen

Exterior

Parking Features On Street

Pool None

Community Features Gutter(s)

Private Pool No

Building

Lot Description Sprinkler System

Story 1

Entry Level One

Sewer Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 14422127

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Listing Terms Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Yazen Haddad E Realty 562-881-9947, DRE #01936781
NEARBY SCHOOL & BUSINESS
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