1310 West Valencia Drive

Fullerton, CA 92833

$3,100,000
Price
8
Beds
6
Baths
4,731 Sq. Ft.
$655 / Sq. Ft.
4,731
Sq. Ft.
$655
per Sq. Ft.

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 $500,000.00 + in upgrades were made to the property. Additional property features include brand new stainless steel LG appliances, Air Conditioning and Heating throughout the 3 of the apartments, and brand new vinyl flooring. The remodeled...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 $500,000.00 + in upgrades were made to the property. Additional property features include brand new stainless steel LG appliances, Air Conditioning and Heating throughout the 3 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. Three 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 4.7% Cap Rate currently in place with a 5.3%+ Cap Rate attainable once remaining 3 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.
  1. Listed by KC James Dorame • DRE #02019663 • Brokerage DRE #01374324 • Allure Capital Management Corp
  2. Listed by Francisco Ortiz Arriaga • DRE #02210442 • Brokerage DRE #01374324 • Allure Capital Management Corp

Property Details for 1310 West Valencia Drive

Zoning
R3
Style
Modern
Accessibility Features
None
Parcel Number
03133104
Total Units
6.0
Living Area
4731
Source Living Area
Survey
Area
Fullerton (83)

Location

Listing Courtesy of Allure Capital Management Corp, KC James Dorame, DRE #02019663; Allure Capital Management Corp, Francisco Ortiz Arriaga, DRE #02210442
Add your commute
LISTING UPDATED: 04/10/2024 05:53 AM

Property Details for 1310 West Valencia Drive

StatusActive
MLS #24-343681
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Location

Listing Courtesy of Allure Capital Management Corp, KC James Dorame, DRE #02019663; Allure Capital Management Corp, Francisco Ortiz Arriaga, DRE #02210442
Add your commute

Building Information for 1310 West Valencia Drive

Stories2Residences-Year Built1956Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$18,570 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$1,652

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1310 West Valencia Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
  • Management Company Name: Allure Capital Management Corp
  • Management Company Phone: 9498890434|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Skyline
  • Security Features: Card/Code Access, Gated
  • Property Condition: Repairs Major, Updated/Remodeled
  • Water: Public, Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater, Gas, Hot Water Circulator, Tankless
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $180,894
  • Net Operating Income: $134,471.00
  • Gross Income: $180,894
  • Cap Rate: 4.34%
  • Gross Rent Multiplier: $17.10
  • Total Annual Expense: 46424
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.17
  • Lot Size Square Feet: 7405
  • Lot Size Dimensions: 63x115
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Garage - 2 Car, Garage Is Detached, Private, Private Garage
  • Total Parking: 9
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 6
  • Parking Features: Covered, Garage - Two Door, Private
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split, Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Electric
  • Cooling Type: Air Conditioning, Electric, Multi/Zone
  • Heating: Electric
  • Heating Type: Electric, Other
  • Flooring: Vinyl Plank
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Ice Maker, Microwave, Washer, Stackable W/D Hookup, Refrigerator, Range/Oven
  • Interior Features: Drywall Walls
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters, Quartz Counters
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
  • Common Walls: Attached
  • Cooking Appliances: Convection Oven, Cooktop - Gas, Microwave, Oven, Range
  • Laundry: Community, Inside, Laundry Area, Room
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: Drip System
  • Patio Features: None
  • Entry Location: Main Level
  • Windows: Double Pane Windows
  • New Construction: No
  • Foundation Details: Raised
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-03-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Garage Rental Rate: 400
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $5,200.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,735.00
  • Unit Actual Rent: $6,940.00
  • Unit Projected Rent: $6,940.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Leased: 6
  • Number Rented Garages: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $320,000.00
  • Assessed Improvement Percent: 18.6
  • Assessed Land Value: $1,400,000.00
  • Assessed Land Percent: 81.4
  • Assessed Total Value: $1,720,000.00

Property History for 1310 West Valencia Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1310 West Valencia Drive

Taxable ValueLand$1,400,000Additions$320,000Total$1,720,000
Tax Record2023$19,821 ($1,652 / month)
Home Facts
Total Finished SqFt3,721 SqFtAbove Grade Finished SqFt3,721 SqFtStories2Lot Size7,268 SqFtStyleMulti-Family Res (5+ Units)Year Built1956CountyORANGEAPN031-331-04

Schools near 1310 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 Sierra High (Alternative) 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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1310 West Valencia Drive is a multi-family home for sale in Fullerton, CA 92833. This property was listed for sale on January 1, 2024 by Allure Capital Management Corp, it's currently listed at $3,100,000. It has been on the market for a total of 118 days and was last sold on October 6, 2021. This listing's school districts are Fullerton Joint Union High School District, Fullerton Elementary School District. Nearby schools include Pacific Drive Elementary School, Nicolas Junior High School and Fullerton Union High School. 1310 West Valencia Drive is a 8-bed, 6-bath, 4,731 sqft multi-family home built in 1956.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Allure Capital Management Corp, KC James Dorame, DRE #02019663; Allure Capital Management Corp, Francisco Ortiz Arriaga, DRE #02210442

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.