Active

1310 W Valencia Drive

Fullerton CA, 92833

$3,100,000


$655.25 per sqft

Active

8 Beds

6 Baths

4,731 sqft

Residential

Built in 1956

Listed by KC James Dorame with Allure Capital Management Corp 949-889-2332

The most desirable 6 Unit Apartment Building for sale in Orange County and an exceptional investment opportunity, located 1.8 miles from Downtown Fullerton, and 2.4 miles from Fullerton College. The entire building was remodeled over the course of two years and $500,000.00 + in upgrades were made to the property. Additional property features include brand new stainless steel LG appliances, Air Conditioning and Heating throughout the 3 of the apartments, and brand new vinyl flooring. The remodeled units also feature exceptional, fully tiled bathroom floors and walls, combined with a walk in showers for a truly peaceful spa like experience. The spacious galley kitchens have designer Quartz countertops from Bedrosians, gas LG ranges, dishwashers, refrigerators and freezers, and offer ample area for storage, cooking, and counter-space. Three of the units have been meticulously remodeled and no expense was spared to make sure that they are completely up to 2024 living standards. The property also boasts a detached garage complex comprised of (3) spacious 2 car garages that are all rented for an additional $400.00 per month. Zero Vacancy 4.7% Cap Rate currently in place with a 5.3%+ Cap Rate attainable once remaining 3 units are brought up to market rent. Possible to deliver 1 under market rent unit vacant at close of escrow if desired. Overall turn-key, low maintenance asset, with big upside potential.

24343681

MLS ID

January 1, 2024

Listed

April 12, 2024

Updated

Map

1310 W Valencia Drive
Fullerton CA, 92833

Interior Features

Total Stories

2


Bedrooms

8 Beds


Bathrooms

6 Baths


Appliances

Convection Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, Dryer, Washer


Laundry Description

Common Area, Inside, Laundry Room, Stacked


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.17 Acres


Architectual Style

Modern


Sewer

Other

Other Property Details

Area Name

83 - Fullerton


Days on Market

100


Garage

Yes


Garage Spaces

6


Parking

Covered, Door-Multi, Garage, Private


Parking Total

9


View

Yes


County

Orange


Pool

No


Pool Features

None


Zoning

R3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/30/2024

Price Change

$3,100,000

-7%

Listing Contact: 949-889-2332 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/12/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/12/2024 at 7:41 PM UTC

 

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