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