Price Reduced Listing
16402 San Jacinto,Fountain Valley, CA 92708
Fountain Valley, CA 92708
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.
Details
| MLS # | OC26187316 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 8 |
| Listing Provided By | E Realty | Yazen Haddad |
Features
| SQ Feet | 4,366 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.18 |
Exterior
| Lot Features | Sprinkler System |
|---|
Parking
| Parking Features | On Street |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Gutters |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Fountain Valley |
| Zip Code | 92708 |
| Area | 68 N of Heil | S of Blsa | E of Brookhrst | W of Ha |
| Community Name | California Colony (CALC) |
| Listing VS Median (in California Colony (CALC)) | |
Price: $2,350,000 low | high Med: $2,350,000 sqft: 4,366 low | high Med: 4,366 $ / sqft: $538 low | high Med: $538 On site: 8 low | high Med: 8 | |
Market Activity 92708
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Fountain Valley |
| Zip Code | 92708 |
| Area | 68 N of Heil | S of Blsa | E of Brookhrst | W of Ha |
| Community Name | California Colony (CALC) |
| Listing VS Median (in California Colony (CALC)) | |
Price: $2,350,000 low | high Med: $2,350,000 sqft: 4,366 low | high Med: 4,366 $ / sqft: $538 low | high Med: $538 On site: 8 low | high Med: 8 | |