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$ 2,500,000
Est. payment | /mo
5 Beds
4 Baths
7,841 Sqft Lot
$ 2,500,000
Est. payment | /mo
5 Beds
4 Baths
7,841 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision California Colony (Calc)
MLS Listing ID OC26187316
Bedrooms 5
Lot Size 7,841 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction From I-405: Exit at Brookhurst St in Fountain Valley. Head south on Brookhurst St. Turn east onto Warner Ave or local cross stre
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 14422127
Listed by Yazen Haddad, DRE#01936781 E Realty
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