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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Park Pacific (Pkpc)
MLS Listing ID OC23214167
Sold Date 12/26/23
Condo Fees $1,900
Construction Status Repairs Cosmetic
HOA Fees $1,900
HOA Y/N Yes
Year Built 1970
Lot Size 5,000 Sqft
Property Description
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).
Location
State CA
County Orange
Area 16 - Fountain Valley / Northeast Hb
Rooms
Ensuite Laundry Common Area, Inside, Laundry Room
Interior
Interior Features Balcony, Bedroom on Main Level, Dressing Area, Main Level Primary
Laundry Location Common Area,Inside,Laundry Room
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Range, Disposal
Laundry Common Area, Inside, Laundry Room
Exterior
Garage Detached Carport
Carport Spaces 4
Pool Community, Association
Community Features Street Lights, Sidewalks, Pool
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Amenities Available Call for Rules, Gas, Maintenance Grounds, Insurance, Management, Outdoor Cooking Area, Barbecue, Picnic Area, Pool, Pet Restrictions, Pets Allowed, Spa/Hot Tub, Trash, Water
Parking Type Detached Carport
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
HOA Name Park Pacific
HOA Fee Include Pest Control,Sewer
Senior Community No
Tax ID 93029428
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Hidetoshi Okada • Sweet Bay Properties
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