Four-Unit
For Sale
$1,499,000
1600 Picadilly, Fullerton, CA 92833
Fully leased multifamily property on an oversized lot with stated potential for additional units, subject to agency verification.
Property Size3,980 SF
Days on Market105
Property Features for 1600 Picadilly
General Information
Standard status
Active
Size
3,980 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
3,980 SF
Year Built
1964
Listing Agency:
Legacy Real Estate
Listed By:
Darin Wilson · License #01333762
Source:
Altamirarealty
Added: Jul 2
Changed: Oct 11
Last Checked: Oct 13 at 3:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate
Investment Insights
Based on property information with market context.
Built in 1964, this quadplex contains four units, all currently leased. The property occupies an oversized lot and includes the stated possibility of adding two additional units, subject to review and confirmation by the buyer with the appropriate city and local agencies.
Located at 1600 Picadilly in Fullerton, the property is in Orange County near major employment centers, shopping, dining, entertainment, beaches, and freeway access. The existing four-unit configuration and potential for additional units define the primary physical and planning considerations for prospective purchasers.
Located at 1600 Picadilly in Fullerton, the property is in Orange County near major employment centers, shopping, dining, entertainment, beaches, and freeway access. The existing four-unit configuration and potential for additional units define the primary physical and planning considerations for prospective purchasers.
Key Highlights
- Four fully leased units
- Year built: 1964
- Oversized lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,010
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,200
$1.4M
Cap Rate 7%
$1,028,714
$1.0M
Cap Rate 9%
$800,111
$800.1K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$107.5K $27.00/SF
− Vacancy
−$4.6K −$1.15/SF
EGI
$102.9K $25.85/SF
− OpEx
−$30.9K −$7.75/SF
NOI
$72.0K $18.09/SF
Area
Fullerton, CA
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,200
Cap Rate 7%
$1,028,714
Cap Rate 9%
$800,111
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.1K – $1.20M
NOI $72,010 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$949.7K
$831.0K – $1.11M
NOI $66,478 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,587 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 92833, CA
52,598
Population
17,042
Households
3.1
Avg Household Size
39
Median Age
43%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
6,831
Density / Sq Mi
$113,296
Median Household Income
$51,502
Median Earnings
$2,155
Median Rent
$844,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased multifamily property on an oversized lot with stated potential for additional units, subject to agency verification.
Where is this quadplex located?
The property is located at 1600 Picadilly Fullerton, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four fully leased units; Year built: 1964; Oversized lot
