1310 W Valencia Dr, Fullerton, CA 92833

$2,740,000
8
BD
6
BA
4,731
SqFt
List Price
$2,740,000
Price Change
▼ $230,000 1720502062
MLS#
24-343681
Status
ACTIVE
Type
Multifamily
Bedrooms
8
Bathrooms
6
Living Area
4,731

Property Description

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 $600,000.00 + in upgrades were made to the property. Additional property features include brand new stainless steel LG appliances, Air Conditioning and Heating throughout 4 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. Four 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 and a 5.5% Cap Rate currently in place, with a 6.0%+ Cap Rate attainable once the remaining two 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.

Additional Information

Year Built
1956
View
Skyline
Garage
Covered Parking, Garage - 2 Car, Garage Is Detached, Private, Private Garage

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Allure Capital Management Corp, KC James Dorame.

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