Sold

Closed

17190 San Mateo Street 28

Fountain Valley CA, 92708

$1,450,000


$381.58 per sqft

Sold

Closed

3,800 sqft

Multi-family

Built in 1970

Listed by Erin Nuzzo with Coldwell Banker Realty 714-374-4459

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).

OC23214167

MLS ID

November 20, 2023

Listed

May 25, 2024

Updated

Map

17190 San Mateo Street 28
Fountain Valley CA, 92708

Interior Features

Total Stories

2


Interior Features

Balcony, Bedroom on Main Level, Dressing Area, Main Level Primary


Appliances

Dishwasher, Electric Range, Disposal


Laundry Description

Common Area, Inside, Laundry Room


Floor Description

Carpet, Laminate, Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

2-5 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

16 - Fountain Valley / Northeast HB


Days on Market

19


Association Fee

$1,900


Association Amenities

Call for Rules, Gas, Maintenance Grounds, Insurance, Management, Outdoor Cooking Area, Barbecue, Picnic Area, Pool, Pet Restrictions, Pets Allowed, Spa/Hot Tub, Trash, Water


Garage

No


Parking

Detached Carport


Parking Total

4


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

Community, Association


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

12/27/2023

Price Change

$1,450,000

-4%

12/27/2023

Sold

$1,450,000

12/22/2023

Pending

12/16/2023

Under Contract

Listing Contact: 714-374-4459 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:09 AM UTC

 

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