NOT LISTED FOR SALE

17230 San Mateo St Fountain Valley, CA 92708

8 Beds
4 Baths
3,901 Sq Ft
2,000 Sq Ft Lot

Last Sold December 30, 2016

Last sale price $1,040,000 $267 Per Sq Ft

8 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Balcony
  • Cox (James H.) Elementary School Rated A-
  • Outdoor Cooking Area
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2016

A Great Investment opportunity in this 4 units apartments- Completely HANDS FREE. Just collect one single check in the mail from the management office per month and wait for the next one to arrive... These 4 units with one parcel number are part of Park Pacific Apartments and are fully managed by the on-site management office. You pay one HOA fee per month of $1,550 that includes: Full Management, leasing of units, rent collections, water, trash, gas, insurance, exterior maintenance, in-wall pluming and electricity maintenance, roof maintenance, pool, spa and community laundry. All four units are 2 bedrooms / one bath and have a dining room, specious living room, a balcony and large size bedrooms. Each unit comes with 2 parking spaces and access to the community amenities, such as pool, spa and laundry facility. Renters enjoy FREE utilities, water, trash and gas. The renters are only paying for electricity and cable TV, which make these apartments attractive to prospective tenants. Excellent location, close to freeways, mile square park and shopping. All units are currently rented to long term tenants at below market rent- A great upside potential on the rents. Sold As-Is with current leases in place.

Last Agent to Sell the Property

Doron Refael

Doron Refael, Broker License #01816415 Listed on: 12/05/2016

Last Buyer's Agent

Tony Ma

Compass-Pasadena License #01931357

Compass-Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 2,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

HOA Fees

  • $1,550 Monthly HOA Fees

Home Design

  • Quadruplex
  • Spanish Tile Roof

Interior Spaces

  • 3,901 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 11128
  • Assessor Parcel Number 93029420

Community Details

Overview

  • Master Insurance
  • 4 Units
  • Maintained Community

Amenities

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

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Other Expense $18,600
  • Professional Management Expense $18,600
  • New Taxes Expense $11,000
  • Net Operating Income $56,400

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

HOA Fees

$1,550 per month

Listing Details

  • Assessments: Yes
  • CapRate: 5.12
  • Professional Management Expense: 18600.00
  • Property Attached: Yes
  • Security: 24 Hour Security
  • Subdivision Name Other: Park Pacific (PKPC)
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 93029420
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 266.60
  • Spa Features: Association

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • 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, Outdoor Cooking Area, Picnic Area, Gas, Insurance, Maintenance Grounds, Trash, Sewer, Water, Dues Paid Monthly, Management, Guard, Security
  • Association Fee: 1550.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 2000.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 975 Square Feet
  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 86000.00
  • Net Operating Income: 56400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 29600.00
  • Other Expense: 18600.00
  • Other Expense Description: HOA FEE
  • Rent Control: No
  • Total Actual Rent: 6025.00

Tax Info

  • New Taxes Expense: 11000.00
  • Tax Census Tract: 992.51
  • Tax Lot: 1
  • Tax Tract Number: 11128

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
12/30/2016 12/30/16 Sold $1,040,000 -5.5% $267 / Sq Ft
12/05/2016 12/05/16 For Sale $1,100,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doron Refael

    Seller's Agent in 2016

    Doron Refael

    Doron Refael, Broker

    (714) 253-2883

    53 Total Sales

    Doron Refael
    Section Image
  • Tony Ma

    Buyer's Agent in 2016

    Tony Ma

    Compass-Pasadena

    (626) 759-4812

    77 Total Sales

    Tony Ma
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16758233

California Regional Multiple Listing Service (CRMLS)
California Orange County Fountain Valley 92708

17230 San Mateo St, Fountain Valley, CA

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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.

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