Views
Listed By:
KC James Dorame with Allure Capital Management Corp;
Address
1310 W Valencia Drive, Fullerton, CA
Price
$ 3,100,000
Property Attributes
  • MLS#24343681
  • TypeMulti-Family
  • CountyORANGE
  • CityFullerton
  • AreaFullerton
  • Zip92833
  • StyleModern
  • Price$ 3,100,000
  • Bedrooms8
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4731
  • Lot Size7,405 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
1/4/2024 Listed $3,300,000
1/30/2024 7% - $3,100,000

General Features

Sewer Other
Heating Electric
Cooling Electric
Possession CloseOfEscrow
Appliances ConvectionOven,Dishwasher,GasCooktop,Disposal,Microwave,Oven,Range,Refrigerator,Dryer,Washer
Zoning R3
Garage Spaces 6.0
Patio/Porch Features None
Architectural Style Modern
Pool Features None
Security Features GatedCommunity,KeyCardEntry
Year Built 1956
Stories 2
Levels Two,MultiSplit
Gross Income 180894.0
Community Features Gated
Accessibility None
County Orange
Net Operating Income 134471.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions Use Google Maps - Nearest Major Intersection Is Euclid And Valencia
City Fullerton
Entry Location Main Level
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 3.0
Total Units 6
MLS Area 83 - Fullerton
Lot Size Square Feet 7405.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 6
Street Name Valencia
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Property Condition UpdatedRemodeled,RepairsMajor
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 100
Standard Status Active
Occupancy Description Tenant
Cap Rate 4.34
MobileHomeRemainsYN No

Interior Features

Fireplace Features None
Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features DoublePaneWindows
Fireplace Y/N No
Street Suffix Drive
Laundry Features CommonArea,Inside,LaundryRoom,Stacked
Total Bedrooms 8
Electric On Property Y/N No
LivingAreaSource Survey
Total Baths 6

Exterior Features

Parking Features Covered,DoorMulti,Garage,Private
Total Parking 9.0
Lot Size Area 7405.0
Foundation Details Raised
Number of Buildings 1
Spa No
Building Area Total 4731.0
Lot Dimensions 63x115
Lot Size Acres 0.17
Lot Size Units SquareFeet
Lot Size Source Appraiser
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 92833

Price
AVG $2.29M
$3.1M
Visits
AVG 100
120
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1956

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