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17190 San Mateo Street Fountain Valley, CA 92708
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Key Details
Sold Price $1,450,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $381
Subdivision Park Pacific
MLS Listing ID OC-23214167
Sold Date 12/26/23
HOA Fees $1,900
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
Interior
Interior Features Balcony
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Laundry Community, Individual Room, Inside
Exterior
Parking Features Detached Carport
Pool Community
Community Features Sidewalks, Street Lights
Utilities Available Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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