
Fullerton, California 92833
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $1,599,000, positioned above the $1,463,326 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 4, it offers immediate cash flow and significant Value-Add Development Potential via an oversized lot suitable for two additional units. This asset is ideal for Buy-and-Hold Investors or Multifamily Developers seeking to leverage Orange County’s high rental demand and long-term appreciation potential through strategic modernization and expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1600 Picadilly Subject | $1,599,000* List Price | 0 | 0 | 3,980 | $368 | - |
A 1619 Picadilly Sold | $1,385,000 | 0 | 0 | 4,000 | $346 | 0.0 mi |
B 4032 W Valencia Drive Active | $1,549,900 List Price | 0 | 0 | 3,238 | $479 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old quadruplex is functional and fully leased but shows significant age. The exterior displays dated aluminum windows and stucco wear, while the 'value-add potential' description indicates that kitchens, baths, and systems are likely dated and in need of modernization to reach market potential.
The oversized lot provides a rare opportunity to add two additional units, allowing investors to significantly increase the door count, rental income, and overall asset valuation.
As a fully leased quadruplex in a high-demand Orange County rental market, the property offers stable, immediate income with a history of low vacancy rates.
Situated near major employment centers, retail, and freeway access, the property’s location ensures long-term desirability for high-quality tenants and strong future appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7523, other record lot size in square feet = 8523.
The property was recently sold within the past year on 2025-12-30. The sold price is $1,399,000.00.
Originally constructed in 1964, the property may require higher reserves for maintenance and potential capital expenditures related to aging systems compared to newer builds.
Exceptional investment opportunity in the heart of Orange County! This well-maintained four-unit income-producing property offers immediate cash flow with outstanding long-term upside. Ideally situated in a highly desirable rental market, this rare multifamily asset features four fully leased units with strong rental demand and significant value-add potential. Positioned on an oversized lot, the property offers the opportunity to add two additional units (buyer to verify with the appropriate city and local agencies), creating the potential to substantially increase rental income and overall property value. Whether you're an experienced investor looking to expand your portfolio or an owner seeking a prime redevelopment opportunity, this property checks every box. Located just minutes from major employment centers, shopping, dining, entertainment, beaches, and convenient freeway access, tenants enjoy everything Orange County has to offer. The central location continues to attract high-quality renters, making vacancy rates consistently low and future appreciation highly attractive. Opportunities like this are increasingly rare—a stable income-producing asset with immediate cash flow, future development potential, and a premier Orange County location. Don't miss your chance to own a versatile investment with exceptional upside in one of Southern California's most sought-after markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,980 | - |
| Lot Size | 7,523 | - |
| Price | $1.60M | $1.33M |
| Price per sq ft | $402 | $561 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 89 |
Jul 2, 2026
$1,599,000
Initial Listing
Dec 30, 2025
$1,399,000
Public Record
Nov 20, 2019
$1,100,000
Public Record
Jun 29, 2010
$625,000
Public Record
Jan 18, 2008
$575,000
Public Record