1310 W Valencia Dr Fullerton, CA 92833
Sale
$3,100,000
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 | $ 2,600 | $ 5,200 | $ 5,200 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,300 | $ 2,300 | $ 2,300 |
| Unit 3 | 3 | 1 | 1 | No | $ 1,735 | $ 6,940 | $ 6,940 |
| 3 | 6 | 8 | 6 | $ 12,705 | $ 33,520 | $ 33,520 |
| MLS #: | 24-343681 |
| Days On Market: | 100 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 655 |
| Price per unit: | $ 516,667 |
| Year Built: | 1956 |
Property 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 $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.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 180,894 |
| Total Annual Expense: | $ 46,424 |
| Net Operating Income: | $ 134,471 |
| Gross Annual Income: | $ 180,894 |
| Cap Rate: | 4.34% |
| Gross Rent Multiplier: | 17.10 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split, Two |
| Security Features: | Card/Code Access, Gated |
| Style: | Modern |
| Sewer: | In Street |
| View Description: | Skyline |
| Water: | Public, Water District |
Land & Parking
| Zoning: | R3 |
| Parking Garage: | Covered Parking, Garage - 2 Car, Garage Is Detached, Private, Private Garage |
Interior
| Cooking Appliances: | Convection Oven, Cooktop - Gas, Microwave, Oven, Range |
| AC/Cooling: | Air Conditioning, Electric, Multi/Zone |
| Equipment: | Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Microwave, Washer, Stackable W/D Hookup, Refrigerator, Range/Oven |
| Heating: | Electric, Other |
| Fireplace Rooms: | None |
| Interior Features: | Drywall Walls |
| Kitchen Features: | Granite Counters, Quartz Counters |
| Laundry: | Community, Inside, Laundry Area, Room |
| Laundry Equipment: | Own |
| Patio Features: | None |
Exterior
| Pool: | No |
Detailed Map
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