
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 Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1972 (52 years old), the property is well-maintained and professionally managed as a 'turnkey' investment. However, the interior images show dated finishes, such as basic fiberglass tub surrounds and standard apartment-grade fixtures. While functional and move-in ready, the age and aesthetic fall into the Fair category, requiring minor updates to meet modern market expectations.
The property offers a fully managed structure with professional management and an HOA that covers most utilities and maintenance, providing a truly hands-off experience for investors.
Strategically located in Fountain Valley near Mile Square Park and Huntington Beach, the area is known for low turnover, high rental demand, and strong long-term appreciation potential.
With one unit currently vacant, the buyer can immediately capture market-rate rents or utilize the unit for owner-occupancy, providing instant upside to the investment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3800, other record living area = 3901.
The monthly association fee of $1,950 is significant and represents a high fixed cost that could impact the net operating income and overall capitalization rate.
Built in 1972, the property may eventually require capital expenditures for system upgrades or face potential special assessments common in older condominium communities.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,800 | 2,718.5 | 75% |
| Lot Size | 261,987 | 108,173.5 | 75% |
| Price | $1.59M | $1.56M | 50% |
| Price per sq ft | $418 | $465 | 25% |
| Built year | 1972 | 1967 | 75% |
| HOA | $1950.0 | $0 | 75% |
| Days on market | 47 | 177 | 25% |
Apr 27, 2026
$1,590,000
Initial Listing
Dec 29, 2016
$1,040,000
Public Record