Active
17190 San Mateo Street Unit: 28
Fountain Valley CA, 92708
$1,500,000
$394.74 per sqft
Active
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 19, 2023
Listed
November 22, 2023
Updated
Map
17190 San Mateo Street Unit: 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
2
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
Yes
Pool Features
Community, Association
Buyer Agency Compensation
2.5%
Listing Contact: 714-374-4459
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2023. 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.
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Data last updated on 11/22/2023 at 3:49 PM UTC