968 Gonzales Street 2, Placentia, California 92870, Placentia, - bed, bath

home-pic
ACTIVE$1,500,000
968 Gonzales Street 2, Placentia, California 92870
0Bed
0Bath
2,416Sqft
4,356Lot
Year Built
2001
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081253
Home ConditionGood
Features
Patio
View-

About this home

Duplex re-built in 2001. GREAT INCOME PROPERTY Built in 2001 near Cal State Fullerton, shopping, and close proximity to 57 freeway. Whether you want to purchase to occupy or to invest in a RARE income property in Orange County this Duplex is for you. The property offers ample parking with gate to insure privacy and each unit offers a 1 car garage with laundry hook-ups inside. The covered private and cozy patio in the back is perfect for BBQs and can also be used as a storage area. Both units have great floor plan, units are 3 bed, 2 bath. One unit is located upstairs with a chair rail, 2nd unit downstairs. Top unit has beautiful tile entry and living/kitchen area with newer vinyl flooring, crown molding in living room. Bottom unit has super large master bath with separate tub and separate shower. and a sliding door that connects to patio, large kitchens with newer cabinets and tile counter tops. Recessed lighting, and newer paint. Both units are immaculate, and have ceiling fans through out, washer/dryer hookup , separate gas & water meter. Block wall, wrought iron gate. Water heater in both unit replaced in 2021. Asbestos tested in 2023. Units are across from elementary school and middle school.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (2 Listings)
Beds00
Baths00
Square foot2,4162,416
50%
Lot Size4,3564,792
33%
Price$1.5M$1.25M
67%
Price per square foot$621$621
50%
Built year20011962
67%
HOA
Days on market204204
50%
Condition Rating
Good

The duplex was rebuilt in 2001 and has had some updates since then, including newer vinyl flooring, kitchen cabinets, and tile countertops. The water heaters were replaced in 2021. While not fully renovated, the property appears to be well-maintained and move-in ready, justifying a 'good' condition score.
Pros & Cons

Pros

Income Potential: Duplex property offers significant income potential, ideal for investors seeking rental income in Orange County.
Desirable Location: Located in Placentia, near Cal State Fullerton, shopping centers, and with easy access to the 57 freeway, enhancing tenant appeal.
Updated Units: Both units are well-maintained and feature updated kitchens with newer cabinets and tile countertops, recessed lighting, and newer paint.
Individual Amenities: Each unit includes a 1-car garage with laundry hook-ups, separate gas and water meters, and a private patio, increasing tenant convenience.
Recent Upgrades: Water heaters in both units were replaced in 2021, and asbestos testing was completed in 2023, indicating proactive maintenance.

Cons

Price Point: The list price of $1,500,000 may be a barrier for some investors, requiring a significant initial investment.
Limited Outdoor Space: While each unit has a patio, the overall lot size of 4,356 sqft may limit extensive outdoor amenities or expansion possibilities.
Proximity to Schools: Being located across from elementary and middle schools could result in increased traffic and noise during school hours, potentially affecting tenant preferences.

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