$2,970,000
Active
140 Days Online
8 Beds6 Baths4,731 SQFT
Active

1310 W Valencia Drive Fullerton, CA 92833

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyOrange
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site140 Days
  • MLS StatusActive
  • MLS ID Number24343681
  • Home Size Source Survey
  • Year Built1956
  • Lot Size0.17 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Modern
  • Parking CoveredGarage - Two DoorPrivate
  • Parking Spaces 9
  • Sewer Other
  • Number of Stories Multi/Split, Two2
  • Acreage 0.17
  • Security Card/ Code AccessGated Community
  • Garage Spaces 6
  • Attached Garage No
  • Foundation Raised
  • Zoning R3
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled

Interior Features

  • Cooling Electric
  • Heating Electric
  • Appliances DishwasherDisposalMicrowaveRefrigeratorConvection OvenGas CooktopOvenRange
  • Fireplace Features None
  • Laundry Features Washer IncludedDryer IncludedStackableCommunityInsideIndividual Room
  • Window Features Double Pane Windows
  • Fireplace No

Exterior Features

  • Pool Features None
  • Patio And Porch None

Community Features

  • Senior Community No
  • MLS Area 83 - Fullerton
  • Security Features Card/ Code AccessGated Community

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Monthly Payment (Est.)

$15,840
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