GREAT INVESTMENT OPPORTUNITY! This single story 4 units income property offers great opportunities for higher market rent. Monthly the 4 units (all 2 Bedrooms & 1 Bathroom) are collecting $6,950. The apartment is turnkey and has always been 100% occupied by long term tenants and rents are well below market. Complex was recently painted on the exterior, a brand new roof was installed in Nov 2019 on the main building and in June 2024 on the garage building. Unit A has been upgraded last year with a new kitchen, bath and interior paint. Every unit has tile floor, wall AC, private front yard and are individually metered for gas and electricity. Owner pays for water, trash and common area electricity and gas for the water heater. The central water heater underground plumbing was replaced in 2020 and gas line in May 2024. All units has dual pane windows. Additional features include on-site coined laundry and three - 2 car garages for 6 car parking. It is conveniently located near the 57 & 91 freeway, shopping center, Cal State Fullerton, public transportation, etc. PROPERTY NEXT DOOR (1600 N. PLACENTIA AVE) JUST CLOSED FOR $1.65M.
Sold for $1,400,000
Listed by: Simplified Realty, Inc. • Daniel Ly • Contact: 714-881-7212
Bought with: CENTURY 21 MASTERS
$1,400,000
1608 N Placentia Ave, Fullerton, CA 92831
8beds
4baths
3,258sqft
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$430/sqft
$4,364 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,364/mo
Zestimate® history
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List your homeWhat's special
Brand new roofSingle storyPrivate front yardTile floorWall acDual pane windows
Zillow last checked:
Listing updated:
Listed by:
Daniel Ly DRE #01918024 714-654-6388,
Simplified Realty, Inc.
Bought with:
Ali Jafarkhani, DRE #00943597
CENTURY 21 MASTERS
THE MARK AND AL TEAM, DRE #00914322
CENTURY 21 MASTERS
Source: CRMLS,MLS#: PW25078096
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Kitchen, Living Room
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Disposal, Gas Range, Gas Water Heater
- Laundry: Common Area, Outside
Features
- Flooring: Tile
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,258
- Total interior livable area: 3,258 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Garage Door Opener
- Garage spaces: 6
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Block,Wood
- Has view: Yes
- View description: None
Lot
- Size: 8,057 Square Feet
- Features: Back Yard, Corner Lot, Front Yard, Rectangular Lot
Details
- Parcel number: 33922217
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Unknown
Location
- Region: Fullerton
Financial & listing details
- Price per square foot: $430/sqft
- Tax assessed value: $894,875
- Annual tax amount: $10,596
- Date on market: 4/9/2025
- Cumulative days on market: 83 days
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 6950
- Tenant pays: Cable TV, Electricity, Gas, Telephone
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $1,400,000-3.4%$430/sqft |
Source:  CRMLS #PW25078096 Report a problem | ||
| 8/7/2025 | Pending sale | $1,450,000$445/sqft |
Source: CRMLS #PW25078096 Report a problem | ||
| 7/3/2025 | Contingent | $1,450,000$445/sqft |
Source: CRMLS #PW25078096 Report a problem | ||
| 4/9/2025 | Listed for sale | $1,450,000+98.6%$445/sqft |
Source: CRMLS #PW25078096 Report a problem | ||
| 12/13/2013 | Sold | $730,000$224/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,596 +2.3% | $894,875 +2% |
| 2024 | $10,360 +1.8% | $877,329 +2% |
| 2023 | $10,181 +0.9% | $860,127 +2% |
| 2022 | $10,094 +1.7% | $843,262 +2% |
| 2021 | $9,929 -0.2% | $826,728 +1% |
| 2020 | $9,949 | $818,251 +2% |
| 2019 | $9,949 +3.5% | $802,207 +2% |
| 2018 | $9,615 +2.9% | $786,478 +2% |
| 2017 | $9,348 | $771,057 +2% |
| 2016 | $9,348 +2% | $755,939 +1.5% |
| 2015 | $9,165 +4.3% | $744,585 +2% |
| 2014 | $8,788 | $730,000 +169.9% |
| 2013 | -- | $270,489 +2% |
| 2012 | -- | $265,186 +2% |
| 2011 | -- | $259,987 +0.8% |
| 2010 | -- | $258,044 -0.2% |
| 2009 | -- | $258,658 +2% |
| 2008 | -- | $253,587 +2% |
| 2007 | -- | $248,615 +2% |
| 2006 | -- | $243,741 +2% |
| 2005 | -- | $238,962 +2% |
| 2004 | -- | $234,277 +1.9% |
| 2003 | -- | $229,984 +2% |
| 2002 | -- | $225,475 +2% |
| 2001 | $2,469 +1.9% | $221,054 +2% |
| 2000 | $2,422 | $216,720 |
Find assessor info on the county website
Neighborhood: 92831
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Nearby schools
GreatSchools rating
- 7/10Topaz Elementary SchoolGrades: K-6Distance: 0.3 mi
- 9/10Col. J. K. Tuffree Middle SchoolGrades: 7-8Distance: 1.1 mi
- 9/10El Dorado High SchoolGrades: 9-12Distance: 1.1 mi
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- California
- Orange County
- Fullerton
- 92831
- 1608 N Placentia Ave
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