NOT LISTED FOR SALE

17305 San Luis St Unit 1 Fountain Valley, CA 92708

9 Beds
7 Baths
5,697 Sq Ft
7,841 Sq Ft Lot

Last Sold June 22, 2021

Last sale price $1,812,000 $318 Per Sq Ft

44 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • Cox (James H.) Elementary School Rated A-
  • Laundry Room
  • Turnkey

About This Home

As of June 2021

This very rare turnkey investment property has been family owned since 1970 and has tremendous income upside. The property is comprised of -One 3 bedroom 2 bath unit with 2 car garage and -Three 2 bedroom 2 bath units with garages and laundry hook ups for each. MLS reports 5697 square feet which includes the garage units, livable area is estimated at 4400 square feet. There is also a common laundry room (currently not reporting income). This building has been meticulously maintained and is located in a highly convenient and desirable area of Fountain Valley just above the 405 freeway, just below Mile Square Park between Brookhurst and Ward for easy freeway access and the award winning Huntington Beach school district. All units are leased with solid tenants. This is a great property for Investment or Owner Occupied buyers with considerable income upside.

Last Agent to Sell the Property

Darin Wilson

Legacy Real Estate License #01333762 Listed on: 03/22/2021

Co-Listed By

Christian Wilson

Legacy Real Estate License #01982467

Last Buyer's Agent

Darin Wilson

Legacy Real Estate License #01333762 Listed on: 03/22/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,697 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 17
  • Tax Tract Number 6462
  • Assessor Parcel Number 16911216

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $366
  • Gardener Expense $1,200
  • Insurance Expense $2,680
  • Trash Expense $960
  • Water Sewer Expense $1,213
  • New Taxes Expense $17,900
  • Operating Expense $8,260
  • Gross Income $99,300
  • Net Operating Income $91,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1213.00
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 16911216
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 318.06
  • Room Type: Laundry

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Fireplace(s)
  • Laundry Features: Common Area, In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 366.00
  • Gross Income: 99300.00
  • Gross Multiplier: 18.12
  • Gross Scheduled Income: 8275.00
  • Insurance Expense: 2680.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 91040.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 8260.00
  • Rent Control: No
  • Total Actual Rent: 8275.00
  • Total Expenses: 8260.00

Tax Info

  • New Taxes Expense: 17900.00
  • Tax Census Tract: 992.51
  • Tax Lot: 17
  • Tax Tract Number: 6462

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
06/22/2021 06/22/21 Sold $1,812,000 +0.7% $318 / Sq Ft
05/07/2021 05/07/21 For Sale $1,799,900 -0.7% $316 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/27/2021 04/27/21 Off Market $1,812,000 -- --
03/30/2021 03/30/21 For Sale $1,799,900 -0.7% $316 / Sq Ft
03/27/2021 03/27/21 Off Market $1,812,000 -- --
03/27/2021 03/27/21 For Sale $1,799,900 -0.7% $316 / Sq Ft
03/23/2021 03/23/21 Off Market $1,812,000 -- --
03/22/2021 03/22/21 For Sale $1,799,900 -- $316 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21045907

California Regional Multiple Listing Service (CRMLS)