
Fountain Valley, California 92708
Analysis of 17230 San Mateo 20, Fountain Valley, California 92708 is currently available with a list price of $1,590,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Although built in 1972, the property has undergone a recent cosmetic renovation (estimated 5-10 years ago) including modern vinyl plank flooring and updated countertops. The kitchen and bathrooms are clean, functional, and move-in ready for tenants, though some elements like the electric coil stove and fluorescent lighting remain dated.
The property features professional management and a comprehensive HOA that covers maintenance, insurance, and most utilities, offering a truly hands-off investment with minimal operational burden.
Situated in the desirable Park Pacific community near Mile Square Park and Huntington Beach, the asset benefits from high tenant appeal, low turnover, and strong long-term appreciation potential.
With one unit currently vacant, the buyer has the immediate opportunity to realize upside through lease-up at current market rents or utilize the unit for owner-occupancy.
The $1,950 monthly HOA fee is a significant recurring expense that may compress net operating income and impact overall cap rates if rents are not optimized.
Built in 1972, the property may eventually require capital expenditures for interior modernizations or system upgrades to remain competitive with newer multifamily inventory in Orange County.
An exceptional investment opportunity to acquire a 4-unit condominium complex in the highly sought-after Park Pacific Apartments in Fountain Valley—an asset class and location where opportunities are extremely limited and rarely available. Each unit features 2 bedrooms and 1 bathroom with approximately 950 sq. ft. of well-designed living space, along with assigned carport parking and private overhead storage. The property benefits from a fully managed, turnkey structure, delivering truly passive ownership with professional management already in place—ideal for investors seeking stable cash flow and long-term appreciation without operational burden. HOA dues comprehensively cover property management, leasing, maintenance, insurance, water, trash, gas, community laundry, and resort-style amenities including a pool and spa—significantly reducing owner responsibilities and expense volatility. Tenants are only responsible for electricity, further streamlining operations. The asset currently includes one vacant unit, presenting immediate upside through lease-up at market rents or the option for owner occupancy. The community is characterized by low turnover and strong rental demand, supporting consistent occupancy and income stability. Strategically located near Mile Square Park, top-rated schools, and within close proximity to Huntington Beach and Bolsa Chica, the property benefits from strong tenant appeal driven by lifestyle amenities, employment access, and convenient connectivity to major freeways and retail/dining corridors. Financing options are available, making this a compelling opportunity for both seasoned investors and those looking to secure a high-performing, low-maintenance multifamily asset in a premier Orange County location. Contact for additional financials and details—opportunities like this are scarce.
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 | 3,800 | 753 |
| Lot Size | 261,987 | 261,987 |
| Price | $1.59M | $1.37M |
| Price per sq ft | $418 | $1.8K |
| Built year | 1972 | 1970 |
| HOA | $1950.0 | $0 |
| Days on market | 37 | 230 |
Aug 3, 2026
$1,590,000
Initial Listing
Dec 29, 2016
$1,040,000
Public Record