CA > Fullerton
Fullerton, CA 92833,1310 W Valencia Dr
Fullerton, CA 92833,1310 W Valencia Dr
Fullerton, CA 92833,1310 W Valencia Dr
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,700,000
Est. payment /mo
8 Beds
6 Baths
4,731 SqFt
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UPDATED:

11/04/2024 05:24 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,731 sqft

Price per Sqft $570

MLS Listing ID 24-459833

Bedrooms 8

Year Built 1956

Lot Size 7,405 Sqft

Acres 0.17

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 Fullerton

Zoning R3

Rooms

Other Rooms Other

Interior

Heating Electric, Combination, Zoned

Cooling Air Conditioning, Dual, Multi/Zone

Equipment Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Ice Maker, Washer, Refrigerator, Range/Oven

Exterior

Garage Assigned, Covered Parking, Community Garage, Public, Private, Private Garage, Garage - 2 Car, Garage Is Detached, On street, Offsite, Other

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Allure Capital Management Corp

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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