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Offered For Sale

1310 W Valencia Drive

#24343681

MLF

Built in 1956

$3,100,000

About the property

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.

Features

General

  • Accessibility None
  • Half Bathrooms 0
  • Lot Size 63x115
  • Real Estate Type MLF
  • Square Feet 4,731
  • Stories 2
  • Year Built 1,956
  • Agent Name KC James Dorame
  • Broker Id CLW-X83501
  • Office Name Allure Capital Management Corp
  • Days On Market 100
  • Status Active

Building

  • Cooling Electric
  • Foundation Raised
  • Heating Electric
  • Style Modern

Location

Questions

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