Fullerton, CA 92833 1310 W Valencia Drive

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Presented By: KC James Dorame with Allure Capital Management Corp;
  • MLS# 24343681
  • 01/03/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 6
  • FootageSQFT • 4,731
  • GarageGarage • 6

Home Details

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 $600,000.00 + in upgrades were made to the property. Additional property features include brand new stainless steel LG appliances, Air Conditioning and Heating throughout 4 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. Four 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 and a 5.0% Cap Rate currently in place, with a 5.3%+ Cap Rate attainable once the remaining two 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.
Presented By: KC James Dorame with Allure Capital Management Corp;

Interior Features for 1310 W Valencia Drive

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

LivingAreaSourceSurvey
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, Inside, LaundryRoom, Stacked
Street SuffixDrive
Total Stories2
Window FeaturesDoublePaneWindows

General for 1310 W Valencia Drive

AccessibilityNone
Additional Parcels Y/NNo
AppliancesConvectionOven, Dishwasher, GasCooktop, Disposal, Microwave, Oven, Range, Refrigerator, Dryer, Washer
Architectural StyleModern
Attached Garage No
Cap Rate5.0
Carport Y/NNo
CityFullerton
Community FeaturesGated
CoolingElectric
CountyOrange
Days on Market141
DirectionsUse Google Maps - Nearest Major Intersection Is Euclid And Valencia
Entry LocationMain Level
Garage Spaces6.0
Garage Y/NYes
Gross Income193721.0
HOA / Comm AssnNo
HeatingElectric
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet7405.0
MLS Area83 - Fullerton
MobileHomeRemainsYNNo
Net Operating Income148402.0
New ConstructionNo
Number of Units Leased6
Occupancy TypeTenant
Open Parking Spaces3.0
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled, RepairsMajor
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity, KeyCardEntry
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameValencia
Total Units6
View Y/NYes
Waterfront Y/NNo
Year Built1956
Year Built SourceOther
ZoningR3

Exterior for 1310 W Valencia Drive

Building Area Total4731.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions63x115
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAppraiser
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, DoorMulti, Garage, Private
SpaNo
Total Parking9.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,970,000
MLS#24343681
List Date 01/03/2024
Property Type Multi-Family
Phone 714.964.3311
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