1310 Valencia Drive

Fullerton, CA 92833

$2,970,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $627 / sqft

1956

calendar_month Built

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 $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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type Electric

Listing Information

Address 1310 Valencia Drive
City Fullerton
State CA
Zip 92833
County Orange
Listing Agent KC James Dorame DRE#02019663
Co-Listing Agent Francisco Ortiz Arriaga DRE#02210442
Courtesy Of Allure Capital Management Corp
MLS 24343681
List Price $2,970,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,405
Year Built 1956
DOM 142

Exterior Information

Maps

Listing information courtesy of: KC James Dorame, Francisco Ortiz Arriaga, Allure Capital Management Corp . *Based on information from the Association of REALTORS/Multiple Listing as of May 21st, 2024 at 3:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.