17200 Newhope Unit 204, Fountain Valley, CA 92708
- $825,000
- List Price
- $825,000
- Status
- COMING SOON
- MLS#
- PW26195550
- Year Built
- 1986
- Lot Size
- 111,104
- Acres
- 2.55
- Days on Market
- 4
- Property Type
- Multifamily
- Property Sub Type
- Condominium
- Stories
- One Level
- Neighborhood
- Los Caballeros (Lcab)
Property Description
Imagine owning a home where rental income helps offset your monthly housing expenses while you build equity. That is exactly what this rare duplex-style condo in Fountain Valley has offered its current owners. Featuring two side-by-side residences with private entrances, the property offers a combined 3 bedrooms, 3 bathrooms, and approximately 1,610 square feet. Live in one and rent the other, or explore the potential of renting both, all with one APN, one tax bill, and one HOA fee. Unit 204A offers approximately 1,040 square feet with 2 bedrooms, 2 bathrooms, an open-concept living area, in-unit laundry, and a full appliance package. Recent improvements include updated laminate flooring, an upgraded mini-split system, refreshed kitchen cabinets, and recessed lighting. Unit 204B offers approximately 570 square feet with 1 bedroom, 1 bathroom, its own upgraded mini-split system, and a beautifully remodeled kitchen completed in November 2024. The 1-bedroom unit is currently rented for **$2,350 per month**, while the 2-bedroom unit was most recently rented for **$2,895 per month in 2024**, both including utilities. Together, those rents total **$5,245 per month** when both units are rented. Utilities are not separately metered. Located next to the Los Cab Sports Complex, this property places an active lifestyle right outside your door. The private sports club offers an Olympic-size pool, fitness center, group fitness classes, tennis, pickleball, racquetball, squash, handball, and more, along with a café and wellness amenities. Club access is subject to membership. The gated residential community also features pools, spas, BBQ areas, and ample open parking, plus one assigned, covered parking space. Whether you are looking to create your own house-hacking opportunity or add a flexible income-producing property to your portfolio, this unique condo offers a compelling combination of lifestyle and investment potential.
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Additional Information
- Association Amenities
- Controlled Access, Maintenance Grounds, Insurance, Management, Barbecue, Pool, Pet Restrictions, Spa/Hot Tub, Security, Trash
- Appliances
- Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- Heated, Association
- Heat
- Heat Pump
- Cooling
- Yes
- Cooling Description
- Heat Pump, Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Quartz Counters, Recessed Lighting, Tile Counters, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $64,800
- Operating Expense
- 18284
Listing courtesy of Listing Agent: Sarah Sees Smith (sarahs@sevengables.com) from Listing Office: Seven Gables Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.