$ 2,700,000
1310 W Valencia DR Fullerton, CA 92833
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$ 2,700,000
Est. payment /mo
Active
1310 W Valencia DR Fullerton, CA 92833
8 Beds
6 Baths
4,731 SqFt
UPDATED:
11/11/2024 01:09 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,731 sqft
Price per Sqft $570
MLS Listing ID 24459833
Bedrooms 8
HOA Y/N No
Year Built 1956
Lot Size 7,405 Sqft
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.
Location
State CA
County Orange
Area 83 - Fullerton
Zoning R3
Interior
Heating Combination, Electric, Zoned
Cooling Dual
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned, Covered, Door-Multi, Garage, Off Site, Public, Private, Community Structure, On Street
Attached Garage No
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 03133104
Special Listing Condition Standard
Listed by KC James Dorame • Allure Capital Management Corp