1600 Picadilly Way, Fullerton, California 92833, Fullerton, 92833 - bed, bath
ACTIVE$1,399,000
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: This quadruplex is explicitly marketed as a 'GREAT FOURPLEX INVESTMENT OPPORTUNITY' and 'RESIDENCE 4A FAMILY INVESTMENT PROPERTY', indicating a clear focus on income generation.
Top Cons:
Property Age: Built in 1964, despite unit remodels, the underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or older, potentially requiring significant capital expenditures in the future.
Compared to the nearby listings
Price:$1.40M vs avg $974.5K (+$424,500)50%
Size: sqft vs avg 508 sqft50%
Price/sqft:$0 vs avg $27150%
More Insights
Built in 1964 (61 years old).
Condition: The property's units have been extensively remodeled and updated, featuring modern kitchens with new white shaker cabinets, dark countertops, stainless steel appliances, and subway tile backsplashes. Bathrooms are also updated with modern vanities and clean tile. New grey laminate flooring and fresh paint are present throughout the units, making them move-in ready. While the building was constructed in 1964 and the exterior appears dated with visible window AC units, indicating a lack of central HVAC, the significant interior renovations align with the 'extensively renovated within 5 to 15 years' criteria for a 'Good' rating, focusing on the quality of the living spaces.
Year Built
1964
Close
-
List price
$1.4M
Original List price
$1.49M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
CV25130586
Home ConditionGood
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..
Condition Rating
Good
The property's units have been extensively remodeled and updated, featuring modern kitchens with new white shaker cabinets, dark countertops, stainless steel appliances, and subway tile backsplashes. Bathrooms are also updated with modern vanities and clean tile. New grey laminate flooring and fresh paint are present throughout the units, making them move-in ready. While the building was constructed in 1964 and the exterior appears dated with visible window AC units, indicating a lack of central HVAC, the significant interior renovations align with the 'extensively renovated within 5 to 15 years' criteria for a 'Good' rating, focusing on the quality of the living spaces.
Pros & Cons
Pros
Strong Investment Potential: This quadruplex is explicitly marketed as a 'GREAT FOURPLEX INVESTMENT OPPORTUNITY' and 'RESIDENCE 4A FAMILY INVESTMENT PROPERTY', indicating a clear focus on income generation.
Recently Remodeled Units: All four units have been 'remodeled and updated', suggesting turn-key readiness for tenants and reduced immediate capital expenditure for the new owner.
Desirable Unit Configuration: Each unit offers '2 bedrooms, 1 bath' and is described as 'very spacious', appealing to a broad tenant base and maximizing rental income potential.
Prime Location & Accessibility: The property boasts excellent connectivity, being 'CLOSE TO 5 & 91 FWY, CLOSE TO SHOPPING CITIES, CLOSE TO ANAHEIM AND BUENA PARK', enhancing tenant appeal and property value.
Cul-de-sac Location & Dedicated Parking: Situated on a 'cul-de-sac', offering reduced traffic and a quieter environment, complemented by 'parking for each unit', a crucial amenity for multi-family residences.
Cons
Property Age: Built in 1964, despite unit remodels, the underlying infrastructure (e.g., plumbing, electrical, roof, foundation) may be original or older, potentially requiring significant capital expenditures in the future.
Price History & Market Re-entry: The property is 'back on the market' with a reduced list price from its original, which could indicate previous challenges in attracting buyers or an initial overpricing, potentially signaling a longer sales cycle.
Lack of Specific Amenity Details: While parking is mentioned, the description lacks details on other common amenities such as in-unit laundry, private outdoor spaces, or shared facilities, which could be a competitive disadvantage in the rental market.