NOT LISTED FOR SALE

17190 San Mateo St Unit 28 Fountain Valley, CA 92708

8 Beds
6 Baths
3,800 Sq Ft
5,001 Sq Ft Lot

Last Sold December 26, 2023

Last sale price $1,450,000 $382 Per Sq Ft

19 Days on Market

Highlights

  • Spa
  • Main Floor Primary Bedroom
  • Balcony
  • Cox (James H.) Elementary School Rated A-
  • Outdoor Cooking Area
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2023

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).

Last Agent to Sell the Property

Marina Parker

Coldwell Banker Realty License #01024903 Listed on: 11/20/2023

Coldwell Banker Realty

Last Buyer's Agent

Hidetoshi Okada

Sweet Bay Properties License #00960042

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1970

Lot Details

  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Pest Guard System
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Dressing Area
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 11128
  • Assessor Parcel Number 93029428
  • $987 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • Master Insurance
  • 4 Units
  • Park Pacific Association, Phone Number (714) 968-3378
  • Park Pacific Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $104,520
  • Net Operating Income $81,720

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Park Pacific (PKPC)
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 93029428
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 381.58
  • Room Type: Dressing Area, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Spa Features: Community

Exterior Features

  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room, Inside
  • 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, Outdoor Cooking Area, Picnic Area, Pest Control, Gas, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Call for Rules, Management
  • Association Fee: 1900.00
  • Association Name: Park Pacific
  • Phone: 714-968-3378
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148
  • Latitude Manual: 33.71336800

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Gross Income: 104520.00
  • Gross Scheduled Income: 104520.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 81720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 22800.00
  • Rent Control: No
  • Total Actual Rent: 8710.00

Tax Info

  • Tax Census Tract: 992.51
  • Tax Lot: 1
  • Tax Tract Number: 11128
  • TaxOtherAnnualAssessmentAmount: 987.00

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
12/26/2023 12/26/23 Sold $1,450,000 -3.3% $382 / Sq Ft
12/09/2023 12/09/23 Pending -- -- --
11/20/2023 11/20/23 For Sale $1,500,000 -- $395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marina Parker

    Seller's Agent in 2023

    Marina Parker

    Coldwell Banker Realty

    (714) 343-9977

    2 in this area

    59 Total Sales

    Marina Parker
    Section Image

  • H

    Buyer's Agent in 2023

    Hidetoshi Okada

    Sweet Bay Properties

    (949) 872-2273

    1 in this area

    28 Total Sales

    Hidetoshi Okada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23214167

California Regional Multiple Listing Service (CRMLS)

APN: 930-294-28

California Orange County Fountain Valley 92708

17190 San Mateo St Unit 28, Fountain Valley, CA

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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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