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

968 Gonzales Street 2, Placentia, California 92870 home-pic-0
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
$621
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081253
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(50th), sqft - 2416(50th), beds - undefined(50th), baths - undefined(50th).

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.

Condition Rating
Good
The property, re-built in 2001, is described as 'immaculate' with several recent updates. Key areas like the kitchen feature 'newer cabinets and tile counter tops,' and bathrooms include a 'super large master bath with separate tub and separate shower,' indicating modern and well-maintained facilities. Flooring includes 'beautiful tile entry and living/kitchen area with newer vinyl flooring,' and there's 'recessed lighting' and 'newer paint.' Water heaters were replaced in 2021. While the property is over 20 years old, these updates and the overall condition suggest it is move-in ready with no immediate renovations required, aligning with the 'Good' criteria. The absence of central air conditioning is a minor drawback but is somewhat mitigated by ceiling fans throughout.
Pros & Cons

Pros

Strong Income Property Potential: Explicitly marketed as a 'GREAT INCOME PROPERTY' and a 'RARE income property in Orange County,' featuring separate gas and water meters for each unit, optimizing rental management and tenant accountability.
Prime Location & Accessibility: Strategically located near Cal State Fullerton, shopping centers, and the 57 freeway, with elementary and middle schools directly across the street, appealing to a broad tenant base including students, families, and commuters.
Modern & Well-Maintained Units: Re-built in 2001 and described as 'immaculate,' with recent updates including newer vinyl flooring, crown molding, large master baths, newer cabinets, tile countertops, recessed lighting, paint, and water heaters replaced in 2021.
Desirable Unit Configuration & Amenities: Both units offer a spacious 3-bedroom, 2-bathroom layout, each with a 1-car garage and in-unit laundry hook-ups, ample parking, and a private covered patio, enhancing tenant appeal and convenience.
Enhanced Privacy & Security: Features a gated entry with a wrought iron gate and block wall, providing increased privacy and security for residents, which adds significant value and peace of mind.

Cons

Significant Capital Investment: The list price of $1.5 million represents a substantial investment, which may narrow the pool of potential buyers despite the property's income potential and location.
Absence of Central Air Conditioning: While ceiling fans are mentioned throughout, there is no indication of central air conditioning, which could be a drawback for tenant comfort during warmer months in Southern California.
Limited Exterior Green Space: The description highlights a 'covered private and cozy patio,' but the overall lot size of 4356 sqft for a duplex suggests potentially limited additional yard or green space, which some tenants or owner-occupants might prefer.

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