NOT LISTED FOR SALE

17150 San Mateo St Unit 12 Fountain Valley, CA 92708

4 Beds
4 Baths
3,012 Sq Ft
$1,900/mo HOA Fee

Last Sold June 18, 2024

Last sale price $1,200,000 $398 Per Sq Ft

116 Days on Market

Highlights

  • Golf Course Community
  • Spa
  • Property is near a park
  • Cox (James H.) Elementary School Rated A-
  • Open Floorplan
  • Traditional Architecture

About This Home

As of June 2024

Welcome to a rare and extraordinary investment opportunity! This unique 4-plex offers a hassle-free experience for investors – just sit back, relax, and watch the rents roll in. Each of the four units boasts a generous 753 sqft layout, featuring an oversized bedroom, a well-appointed bathroom with a dressing area, tub/shower combo, and a private toilet for added convenience. Step into spacious living as each unit unfolds with a large walk-in closet, a comfortable living room with a sliding door that opens to a private balcony, a designated dining area, and a kitchen with ample counter space and cabinets. Parking is a breeze with one designated carport for each unit, complete with additional storage, and a parking permit for an extra car in the open spaces. The convenience continues with proximity to the pool and laundry facility, adding to the overall appeal of these units. Managed by the professionals at Park Pacific Apartments/HOA, this 4-plex offers a worry-free investment. For a monthly fee of $1900, enjoy the full suite of on-site management services, including rent collection, accounting, maintenance and leasing of units. This comprehensive package also covers water, trash, sewer, gas, and building insurance, streamlining the financial aspects of ownership. The attached map provides a clear overview of the unit locations within the community. Don't miss out on this exceptional opportunity to own a hassle-free and income-generating property in a well-managed and desirable location!

Last Agent to Sell the Property

Lily Campbell

First Team Real Estate Brokerage Phone: 714-717-5095 License #01229782 Listed on: 02/06/2024

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Lot Details

  • End Unit
  • Two or More Common Walls
  • Landscaped
  • Lawn
  • Front Yard

HOA Fees

  • $1,900 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 3,012 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Window Screens
  • Sliding Doors
  • Living Room with Attached Deck
  • Living Room Balcony
  • Storage
  • Laundry Room
  • Neighborhood Views
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dressing Area
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • 4 Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Spa
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 11128
  • Assessor Parcel Number 93029412
  • $1,018 per year additional tax assessments

Community Details

Overview

  • Front Yard Maintenance
  • Master Insurance
  • 4 Units
  • Park Pacific Association, Phone Number (714) 698-3378
  • Park Pacific Subdivision
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Golf Course Community
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Other Expense $4,583
  • Professional Management Expense $22,800
  • Operating Expense $27,383
  • Gross Income $95,400
  • Net Operating Income $68,017

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,900 per month

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 22800.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Park Pacific (PKPC)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 93029412
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Interior Amenities: Living Room Balcony, Living Room Deck Attached, Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 398.41
  • Room Type: Dressing Area, Kitchen, Main Floor Bedroom, Walk-In Closet
  • Spa Features: Association
  • Window Features: Screens

Exterior Features

  • Exterior Features: Lighting
  • View: Neighborhood
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Carport
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Picnic Area, Gas, Insurance, Maintenance Grounds, Trash, Sewer, Water, Call for Rules, Management, Maintenance Front Yard
  • Association Fee: 1900.00
  • Association Fee Frequency: Monthly
  • Association Name: Park Pacific
  • Phone: 714-698-3378
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Golf, Hiking, Park, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 3012.00
  • Lot Size Acres: 0.0691
  • Latitude Manual: 33.71411000

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 753 Square Feet
  • Gross Income: 95400.00
  • Gross Scheduled Income: 95400.00
  • Lease Term: 12 Months
  • Lot Size Area: 3012.0000 Square Feet
  • Net Operating Income: 68017.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 27383.00
  • Other Expense: 4583.00
  • Other Expense Description: yr tax
  • Rent Control: No
  • Total Actual Rent: 7950.00
  • Total Expenses: 27383.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 11128
  • TaxOtherAnnualAssessmentAmount: 1018.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $1,200,000 -7.7% $398 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $1,300,000 +8.3% $432 / Sq Ft
04/09/2024 04/09/24 Off Market $1,200,000 -- --
02/06/2024 02/06/24 For Sale $1,300,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lily Campbell

    Seller's Agent in 2024

    Lily Campbell

    First Team Real Estate

    (714) 593-6089

    323 in this area

    712 Total Sales

    Lily Campbell
    Section Image
  • Carl Gambino

    Buyer Co-Listing Agent in 2024

    Carl Gambino

    Compass

    (646) 465-1766

    1 in this area

    261 Total Sales

    Carl Gambino
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24023428

California Regional Multiple Listing Service (CRMLS)

APN: 930-294-12

California Orange County Fountain Valley 92708

17150 San Mateo St Unit 12, Fountain Valley, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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