Under contract
Active Under Contract
1310 W Valencia Drive
Fullerton CA, 92833
$2,700,000
$570.70 per sqft
Under contract
Active Under Contract
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 10, 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
37
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 |
---|---|---|
12/10/2024 | Under contract | — |
Listing Contact: 949-889-2332
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. 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 12/10/2024 at 5:42 PM UTC