1310 Valencia Drive, Fullerton

$2,740,000

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4

Beds

3

Baths

4,731

Square feet

0.17

Acres

Listing Agent
Kc James Dorame - Allure Capital Management Corp

About 1310 Valencia Drive

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 5.5% Cap Rate currently in place, with a 6.0%+ 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.

Features of 1310 Valencia Drive

MLS® # 24343681
Price $2,740,000
Bedrooms 4
Bathrooms 3.00
Square Footage 4,731
Acres 0.17
Year Built 1956
Type Residential Income
Style Modern
Status Active

Community Information

Address 1310 Valencia Drive
Area 83 - Fullerton
City Fullerton
County Orange
Zip Code 92833

Amenities

Parking Spaces 9
Parking Door-Multi, Garage, Private, Covered
# of Garages 6
Garages Door-Multi, Garage, Private, Covered
Is Waterfront No
Has Pool No
Pool None

Interior

Appliances Convection Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer, Dryer, Oven, Range
Heating Electric
Cooling Electric
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two, Multi/Split

Exterior

Windows Double Pane Windows
Foundation Raised

Additional Information

Date Listed January 1st, 2024
Days on Market 200
Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentKc James Dorame
OfficeAllure Capital Management Corp

Listing Map

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