$2,600,000
1310 W Valencia Drive
Fullerton, CA, 92833
Property Description
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.
Property Details
Price:
$2,600,000
MLS #:
24459833
Status:
Active
Baths:
0
Address:
1310 W Valencia Drive
Type:
Residential Income
Neighborhood:
83fullerton
City:
Fullerton
Listed Date:
Nov 3, 2024
State:
CA
ZIP:
92833
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1956
Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Dual
Heating
Electric, Combination, Zoned
Exterior
Parking Features
Assigned, Covered, Community Structure, Public, Private, Garage – Two Door, Street, Off Site
Parking Spots
6.00
Stories Total
2
Financial
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Courtesy of Allure Capital Management Corp. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1310 W Valencia Drive
Fullerton, CA
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