1600 Picadilly Way, Fullerton, California 92833, Fullerton, 92833 - bed, bath
ACTIVE$1,488,000
1600 Picadilly Way, Fullerton, California 92833
0Bed
0Bath
Sqft
7,523Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' for a multi-residence property, indicating a clear path for rental income and portfolio diversification.
Top Cons:
Property Age: Built in 1964, the underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or older, potentially leading to significant capital expenditures in the future despite unit remodels.
Compared to the nearby listings
Price:$1.49M vs avg $1.02M (+$469,000)50%
Size: sqft vs avg 508 sqft50%
Price/sqft:$0 vs avg $27150%
More Insights
Built in 1964 (61 years old).
Condition: The property, built in 1964, features recently remodeled interiors as evidenced by the images. The kitchens boast modern white shaker cabinets, light-colored countertops, subway tile backsplashes, stainless steel appliances, and recessed lighting. Bathrooms are similarly updated with modern vanities, fixtures, and subway tile surrounds. Flooring throughout the units appears to be new luxury vinyl plank. While the visible interior components are in excellent, move-in ready condition, the property's age suggests that underlying infrastructure (plumbing, electrical, roof, foundation) may be older, preventing an 'Excellent' rating for the entire building. However, the extensive and modern interior renovations elevate it beyond 'Fair'.
Year Built
1964
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
CV25024188
Home ConditionGood
Features
View-
About this home
GREAT INVESTIMENT OPPORTUNITY FOR THIS MULTI RESIDENCE 4A FAMILY INVESTMENT PROPERTY. 4 UNITS THAT ARE SPACIOUS AND HAVE BEEN REMODELED, EACH HAS 2 BEDROOMS AND 1 BATH THAT ALSO INCLUDE GARAGES AND PARKING. SITUATED ON A CUL-DE-SAC AND SITS ON A .173 ACRES. CLOSE TO 5 & 91 FWY, NEAR SHOPPING CITIES, AS ANAHEIM AND BUENA PARK.
Condition Rating
Good
The property, built in 1964, features recently remodeled interiors as evidenced by the images. The kitchens boast modern white shaker cabinets, light-colored countertops, subway tile backsplashes, stainless steel appliances, and recessed lighting. Bathrooms are similarly updated with modern vanities, fixtures, and subway tile surrounds. Flooring throughout the units appears to be new luxury vinyl plank. While the visible interior components are in excellent, move-in ready condition, the property's age suggests that underlying infrastructure (plumbing, electrical, roof, foundation) may be older, preventing an 'Excellent' rating for the entire building. However, the extensive and modern interior renovations elevate it beyond 'Fair'.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' for a multi-residence property, indicating a clear path for rental income and portfolio diversification.
Quadruplex Configuration: Comprising four separate units, this property offers diversified income streams, reducing risk and potentially yielding higher overall returns compared to single-unit investments.
Remodeled Units: All four units have been remodeled, suggesting reduced immediate maintenance costs, enhanced tenant appeal, and the potential to command competitive rental rates.
Tenant Amenities (Garages & Parking): Each unit includes dedicated garages and additional parking, a highly desirable feature for tenants in urban/suburban areas, adding significant convenience and value.
Strategic Location: Situated on a quiet cul-de-sac with excellent freeway access (5 & 91 FWY) and proximity to major shopping cities like Anaheim and Buena Park, appealing to a broad tenant base.
Cons
Property Age: Built in 1964, the underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or older, potentially leading to significant capital expenditures in the future despite unit remodels.
Limited Bathroom Count: Each 2-bedroom unit features only one bathroom, which might be a minor detractor for some prospective tenants or limit the property's appeal compared to units offering more bathrooms.
Lack of Specific Remodel Details: While units are described as 'remodeled,' the description lacks specifics on the extent, quality, and recency of renovations, making it difficult to fully assess long-term value and potential for premium rents without further inspection.