$ 2,500,000
-
$2,500,000
Price -
5
Bed -
4
Bath -
4,366
SqFt
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About the Listing OC03313 - OCHADDYAZ
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.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Sprinkler System,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Sewer Tap Paid
- Parking Features: On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 14422127
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
16402 San Jacinto Fountain Valley, CA 92708
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