1316 W Valencia Dr

6
Baths
3,721 Sq. Ft.
$224 / Sq. Ft.
3,721
Sq. Ft.
$224
per Sq. Ft.

Description

RARE FIND GREAT INCOME PROPERTY in the prime location. Great Mix: (2) units of two bedroom and (4) units of one bedroom. (Total actual monthly rent $5,480). Long Term tenants with month to month rental. Good Opportunity for increase of cash flow. Some units were updated with newer wall heaters. All units in good condition. Beautiful yard with trees and well manicured garden. Clean and low maintenance building. (3) double car garage and laundry room on site. For the simplicity of transaction, property...RARE FIND GREAT INCOME PROPERTY in the prime location. Great Mix: (2) units of two bedroom and (4) units of one bedroom. (Total actual monthly rent $5,480). Long Term tenants with month to month rental. Good Opportunity for increase of cash flow. Some units were updated with newer wall heaters. All units in good condition. Beautiful yard with trees and well manicured garden. Clean and low maintenance building. (3) double car garage and laundry room on site. For the simplicity of transaction, property is sold ""as is"". ""The street address: 1312-1316 1/2 West Valencia Drive.""
  1. Listed by Jennifer Chow • DRE #00929968 • Napoli R.E. & Property Mgt.

Property Details for 1316 West Valencia Drive

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3721
Assessor Parcel Number
031-331-05
Property Attached YN
true
LISTING UPDATED: 07/26/2013 06:29 AM

Property Details for 1316 West Valencia Drive

StatusClosed
MLS #PW13103808
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,266 SF
CountyOrange County

Location

Listing Courtesy of Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

Sold By Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

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Building Information for 1316 West Valencia Drive

Stories2Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,266 SF

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$5,137 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,070

Property Taxes

$1,067

HOA Dues

$0

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Property Information for 1316 West Valencia Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $5,568
  • Gross Scheduled Income: $65,760
  • Net Operating Income: $48,721
  • Number Of Rented Garages: 3
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Gardener Expense: $420
  • Electric Expense: $280
  • Insurance Expense: $1,694
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $451
  • Other Expense Description: disposal
  • Trash Expense: $0
  • Water Sewer Expense: $3,213
Tax / Assessment Info
  • Tax Year: 2012
  • Tax Tract Number: .
  • Tax Lot: .
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry Equipment Own Lease: Lease
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Levels: Two
  • Water: District
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,110
  • Unit Type Total Rent: $1,110
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $890
  • Unit Type Total Rent: $890
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $930
  • Unit Type Total Rent: $930
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $895
  • Unit Type Total Rent: $895
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $830
  • Unit Type Total Rent: $830
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $825
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 1316 West Valencia Drive

DateEvent & SourcePriceAppreciation
Jul 25, 2013

Sold

CLAW #PW13103808MR

$835,000
Jul 25, 2013

Sold

CRMLS #PW13103808

$835,000
Jun 26, 2013

Sold (Public Record)

Public Record #364547337

$835,000

+10.0% / yr

Jun 17, 2013

Pending

CRMLS #PW13103808

Jun 17, 2013

Pending

CLAW #PW13103808MR

Jun 3, 2013

Listed (Active)

CRMLS #PW13103808

$835,900
Jun 3, 2013

Listed (Active)

CLAW #PW13103808MR

$835,900
Apr 16, 2010

Sold (Public Record)

Public Record #297836929

$615,500
DateEvent & SourcePrice
07/25/2013

Sold

CLAW #PW13103808MR

$835,000
07/25/2013

Sold

CRMLS #PW13103808

$835,000
06/26/2013

Sold (Public Record)

Public Record #364547337

$835,000

+10.0% / yr

06/17/2013

Pending

CRMLS #PW13103808

06/17/2013

Pending

CLAW #PW13103808MR

06/03/2013

Listed (Active)

CRMLS #PW13103808

$835,900
06/03/2013

Listed (Active)

CLAW #PW13103808MR

$835,900
04/16/2010

Sold (Public Record)

Public Record #297836929

$615,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1316 West Valencia Drive

Taxable ValueLand$735,519Additions$288,072Total$1,023,591
Tax Record2025$12,804 ($1,067 / month)
Home Facts
Total Finished SqFt3,721 SqFtAbove Grade Finished SqFt3,721 SqFtStories2Lot Size7,267 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountyORANGEAPN031-331-05

Schools near 1316 West Valencia Drive

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pacific Drive Elementary School
PublicK to 6

Nicolas Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Napoli R.E. & Property Mgt., Jennifer Chow, DRE #00929968

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.