
Fountain Valley, California 92708
Analysis of 16402 San Jacinto, Fountain Valley, California 92708 is currently available with a list price of $2,350,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Fountain Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property is a fully renovated turnkey quadruplex with renovations completed within the last 5 years. It features modern kitchens with stainless steel appliances, updated bathrooms, new flooring, recessed lighting, a new roof, and a fully remodeled exterior with artificial turf.
The property is fully renovated with a new roof, updated interiors, and low-maintenance landscaping, minimizing immediate capital expenditures and allowing for immediate occupancy.
Featuring two 3-bedroom and two 2-bedroom units, the property offers a rare and desirable configuration that commands high rental demand and generates a strong pro forma monthly income of $15,500.
Each residence includes its own individual washer and dryer, a premium feature that significantly enhances tenant retention and justifies top-of-market rental rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 8006. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4366, other record living area = 3186.
The property was recently sold within the past year on 2026-01-07. The sold price is $1,610,000.00.
At a $2.5 million list price, the cost per unit is high, which may result in a tighter capitalization rate for investors compared to less improved assets in the area.
Rare opportunity to acquire a fully renovated, turnkey four-unit investment property in the heart of Fountain Valley. Offering approximately 4,500 square feet of living area, the property features an exceptional unit mix of two spacious 3-bedroom, 2-bath residences and two 2-bedroom, 2-bath residences. All four units have been extensively renovated with updated kitchens, beautifully finished bathrooms, modern flooring, fixtures, and contemporary finishes throughout. Each unit also features its own individual washer and dryer, adding convenience for tenants and further enhancing rental appeal. The property also features a new roof and a fully remodeled exterior, including upgraded landscaping and new artificial turf designed for attractive, low-maintenance ownership. The improvements and additional living area have been completed with permits, creating a highly desirable approximately 10-bedroom, 8-bath configuration. Pro forma rents of $4,250 for each 3-bedroom unit and $3,500 for each 2-bedroom unit generate approximately $15,500 in monthly Gross Scheduled Income and $186,000 in annual GSI. With strong Fountain Valley rental demand, an unusually desirable mix of larger two- and three-bedroom units, extensive interior and exterior improvements, in-unit laundry for every residence, and turnkey condition throughout, this property offers an excellent opportunity for an investor seeking strong income potential with minimal near-term capital expenditures.
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 | 4,366 | 753 |
| Lot Size | 7,841 | 261,987 |
| Price | $2.35M | $1.37M |
| Price per sq ft | $538 | $1.8K |
| Built year | 1964 | 1970 |
| HOA | $0 | $0 |
| Days on market | 14 | 230 |
Sep 4, 2026
$2,350,000
$2,500,000
-6% Price Drop
Initial Listing
Aug 26, 2026
$2,500,000
Initial Listing
Jan 7, 2026
$1,610,000
Public Record