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Listed by Ignacio Diaz Jr. • Investment Capital Real Estate
$1,795,000
Est. payment /mo
4,303 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,303 sqft
Price per Sqft $417
MLS Listing ID CRNP25251714
HOA Y/N No
Year Built 1977
Lot Size 7,841 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
325 Camarillo Street is a quality fourplex, located in one of Orange County's desirable suburbs. The city of Placentia is know for its small-town feel with convenient access to local amenities, particularly due to its central location and excellent schools within the Placentia-Yorba Linda Unified School District. This excellent location is 1 mile from California State University, Fullerton, Hope International University, and walking distance to Old Town Placentia. Built in 1977 with tile pitched roofs, the property features a covington style layout, with one large 3 Bedroom unit in the front and three additional rental units in the back, all with well-designed floor plans. Amenities include garage parking, block patios, central A/C and Heat, and on-site laundry. There is roughly a 21% ± upside potential in rents for an investor to enhance their return, as current rents are substantially below market. A limited supply of apartments in the city of Placentia, low vacancy rates and the affordability gap between buying and renting should continue to ensure a consistent demand for these rental units. This fourplex is an excellent long-term investment or 1031 Exchange replacement opportunity.
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Building
Lot Description Cul-De-Sac, Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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