Active

1310 W Valencia Drive

Fullerton CA, 92833

$2,700,000


$570.70 per sqft

Active

8 Beds

6 Baths

4,731 sqft

Residential

Built in 1956

Listed by KC James Dorame with Allure Capital Management Corp 949-889-0434

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.

24459833

MLS ID

November 3, 2024

Listed

December 24, 2024

Updated

Map

1310 W Valencia Drive
Fullerton CA, 92833

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

6


Appliances

Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Dual


Heating

Yes


Heating Description

Combination, Electric, Zoned

Exterior/Building Features

Lot Size

0.17 Acres

Other Property Details

Area Name

83 - Fullerton


Days on Market

51


Garage

No


Parking

Assigned, Covered, Door-Multi, Garage, Off Site, Public, Private, Community Structure, On Street


Parking Total

6


View

No


County

Orange


Pool

No


Zoning

R3

Listing History

Date

Event

Price

12/24/2024

Price change

$2,700,000

3%

12/12/2024

Price change

$2,600,000

-4%

12/12/2024

Active

12/10/2024

Under contract

Listing Contact: 949-889-2332 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/24/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/24/2024 at 10:47 PM UTC

 

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