Exceptional investment opportunity in the heart of Orange County! This well-maintained four-unit income-producing property offers immediate cash flow with outstanding long-term upside. Ideally situated in a highly desirable rental market, this rare multifamily asset features four fully leased units with strong rental demand and significant value-add potential.
Positioned on an oversized lot, the property offers the opportunity to add two additional units (buyer to verify with the appropriate city and local agencies), creating the potential to substantially increase rental income and overall property value. Whether you're an experienced investor looking to expand your portfolio or an owner seeking a prime redevelopment opportunity, this property checks every box.
Located just minutes from major employment centers, shopping, dining, entertainment, beaches, and convenient freeway access, tenants enjoy everything Orange County has to offer. The central location continues to attract high-quality renters, making vacancy rates consistently low and future appreciation highly attractive.
Opportunities like this are increasingly rare—a stable income-producing asset with immediate cash flow, future development potential, and a premier Orange County location. Don't miss your chance to own a versatile investment with exceptional upside in one of Southern California's most sought-after markets.
For sale
Listed by: Legacy Real Estate • Darin Wilson • Contact: 7145801014
Price cut: $100K (9/3)
$1,499,000
1600 Picadilly Way, Fullerton, CA 92833
8beds
4baths
3,980sqft
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$377/sqft
$-- HOA
What's special
Four fully leased units
- 99 days
- 202
- 11
Zillow last checked:
Listing updated:
Listed by:
Darin Wilson DRE #01333762 7145801014,
Legacy Real Estate,
Christian Wilson DRE #01982467,
Legacy Real Estate
Source: CRMLS,MLS#: PW26144190
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None, Wall/Window Unit(s)
Appliances
- Included: Built-In Range, Dishwasher, Gas Oven
- Laundry: Common Area
Features
- Open Floorplan
- Flooring: Tile, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,980
- Total interior livable area: 3,980 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Level and stairs
- Pool features: None
- Spa features: None
Lot
- Size: 7,523 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 07135132
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Features: Suburban
- Subdivision: None
Location
- Region: Fullerton
Financial & listing details
- Price per square foot: $377/sqft
- Date on market: 7/2/2026
- Cumulative days on market: 99 days
- Listing terms: Conventional,FHA,Fannie Mae,Freddie Mac,Government Loan,Submit
- Total actual rent: 8925
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
$4,104/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $1,499,000-6.3%$377/sqft |
Source: | ||
| 7/2/2026 | Listed for sale | $1,599,000+14.3%$402/sqft |
Source: | ||
| 5/26/2026 | Listing removed | $2,325$1/sqft |
Source: CRMLS #CV26052637 Report a problem | ||
| 5/1/2026 | Price change | $2,325-3.1%$1/sqft |
Source: CRMLS #CV26052637 Report a problem | ||
| 3/26/2026 | Price change | $2,400-4%$1/sqft |
Source: CRMLS #CV26052637 Report a problem | ||
| 3/10/2026 | Listed for rent | $2,500+92.3%$1/sqft |
Source: CRMLS #CV26052637 Report a problem | ||
| 10/20/2025 | Listing removed | $1,399,000$352/sqft |
Source: | ||
| 6/25/2025 | Listed for sale | $1,399,000$352/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/10/2014 | Listing removed | $1,300 |
Source: Owner Report a problem | ||
| 10/31/2014 | Listed for rent | $1,300+4% |
Source: Owner Report a problem | ||
| 4/8/2014 | Listing removed | $1,250 |
Source: Postlets Report a problem | ||
| 1/9/2014 | Listed for rent | $1,250 |
Source: Postlets Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment




