1600 Picadilly Way, Fullerton, California 92833, Fullerton, - bed, bath
ACTIVE$1,399,000
1600 Picadilly Way, Fullerton, California 92833
0Bed
0Bath
Sqft
7,523Lot
Year Built
1964
Close
-
List price
$1.4M
Original List price
$1.49M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25130586
Home ConditionFair
Features
View-
About this home
GREAT FOURPLEX INVESTMENT OPPORTUNITY FOR THIS RESIDENCE 4A FAMILY INVESTMENT PROPERTY, WERE BACK ON THE MARKET WITH ALL 4 UNITS THAT HAVE BEEN REMODELED AND UPDATED, THEY ARE VERY SPACIOUS, ALONG WITH 2 BEDROOMS, 1 BATH ON EACH UNIT .INCLUDES PARKING FOR EACH UNIT AND ARE SITUATED ON A CUL-DE-SAC WHICH SITS ON A .173 ACRES, CLOSE TO 5 & 91 FWY, CLOSE TO SHOPPING CITIES, CLOSE TO ANAHEIM AND BUENA PARK..
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 7,523 | 35,424 | 50% |
| Price | $1.4M | $975K | 50% |
| Price per square foot | $0 | $270.5 | |
| Built year | 1964 | 9820992 | 50% |
| HOA | |||
| Days on market | 148 | 121 | 50% |
Condition Rating
Fair
The property was built in 1964, but the listing mentions that all 4 units have been remodeled and updated. The images show updated flooring and what appears to be a relatively modern interior. However, given the age of the building and the lack of specific details about the extent of the renovations (especially regarding kitchen and bathrooms), a 'fair' rating is appropriate. It's likely that while updated, the property isn't fully renovated to modern standards.
Pros & Cons
Pros
Income Potential: Fourplex property offers immediate rental income from four units.
Remodeled Units: All four units have been remodeled and updated, reducing immediate maintenance concerns.
Spacious Units: Each unit is described as spacious with 2 bedrooms and 1 bath, appealing to renters.
Location: Close proximity to the 5 & 91 Freeways, shopping, Anaheim, and Buena Park enhances tenant appeal.
Cul-de-Sac Location: Situated on a cul-de-sac, potentially offering a quieter and safer environment for tenants.
Cons
Year Built: Built in 1964, the property may require ongoing maintenance and potential upgrades due to its age.
Lot Size: The lot size of .173 acres is relatively small, potentially limiting expansion or outdoor amenity options.
Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market resistance or perceived value concerns.