1310 W Valencia Dr Fullerton, CA 92833
Active
$2,600,000
4%
6 Units
8 Beds
6 Baths
4,731 Area(sq.ft.)
7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 1 | No | n/a | n/a | n/a |
| Unit 2 | 4 | 1 | 1 | No | n/a | n/a | n/a |
| 2 | 6 | 8 | 6 | $ 0 | $ 0 | $ 0 |
| MLS #: | 24-459833 |
| Days On Market: | 39 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 550 |
| Price per unit: | $ 433,333 |
| Year Built: | 1956 |
Property Details
Allure Capital Management, as the exclusive advisor, is pleased to present the opportunity to purchase 1310 W Valencia Drive, a 6-unit, apartment building located in Fullerton California, within the highly coveted Multi-Family SubMarket Of Orange County, CA. The Property is centrally located in the City of Fullerton, an highly sought after city that is home to renowned educational institutes such as California State University Of Fullerton (CSUF), and Fullerton College. The Property is also strategically located amongst Southern California's well-connected highway network, including the 91, 57, and 5 freeways, offering access to major employment centers such as Downtown Los Angeles, Anaheim, and Irvine. Fullerton's central location allows residents to enjoy the suburban lifestyle while being within reasonable reach of bustling urban centers.In 2023, the property underwent a transformative $650,000 renovation, strategically enhancing its infrastructure with brand new plumbing, electrical, and irrigation systems. Beyond these essential improvements, the exterior of the property received a stylish makeover, including all new windows, doors, stucco, perimeter wall with key fob access, and landscaping further elevating its aesthetic appeal. In 2023/2024, 4 of the 6 units were completely gutted and remodeled, and the remaining two units were remodeled in 2014. This comprehensive revitalization underscores a commitment to providing residents with not only functional efficiency but also an elevated and modern living experience.The Property features six fully remodeled 2 car garages which the tenants rent separately, and an on-site laundry room that was also fully remodeled in 2024. The Property is 100% leased and will provide an investor with stable consistent cash flow from a highly coveted turn-key asset. The new purchaser would also have the option of remodeling the last two units and renting them for more once completed.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 175,816 |
| Total Annual Expense: | $ 45,711 |
| Net Operating Income: | $ 156,805 |
| Gross Annual Income: | $ 175,816 |
| Cap Rate: | 5.81% |
| Gross Rent Multiplier: | 13.33 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | R3 |
| Parking Garage: | Assigned, Covered Parking, Community Garage, Public, Private, Private Garage, Garage - 2 Car, Garage Is Detached, On street, Offsite, Other |
Interior
| AC/Cooling: | Air Conditioning, Dual, Multi/Zone |
| Equipment: | Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Ice Maker, Washer, Refrigerator, Range/Oven |
| Heating: | Electric, Combination, Zoned |
Exterior
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