1310 W Valencia Dr, Fullerton, CA 92833
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1310 W Valencia Dr Fullerton, CA 92833

$3,100,000
  • 8 Beds
  • 6 Baths
  • 3,721 Sq.Ft.
For Sale
$3,100,000 Get Pre-Qualified

Map preview of 1310 W Valencia Dr, Fullerton, CA 92833

Property Overview: 1310 W Valencia Dr Fullerton, CA has 8 bedrooms, 6 bathrooms, 3,721 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by KC James Dorame | BRE #02019663 | Allure Capital Management Corp
Last checked: 1 minute ago | Last updated: January 31st, 2024 | Source CRMLS | DOM: 54
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1956
Garage
6 Car
Property Type:
Multi Family
Status
Active
MLS#
24343681
City
Fullerton
County
Orange
Time on Site
56 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $5,200
  • Pro Forma/Market Rent: $5,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,735
  • Total Rent: $6,940
  • Pro Forma/Market Rent: $6,940
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 19.57
  • Gross Scheduled Income: --
  • Net Operating Income: $138,612
  • Gross Operating Income: $168,660
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1310 W Valencia Dr

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable, Community, Inside, Individual Room
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Convection Oven, Gas Cooktop, Oven, Range
Interior Features
  • Levels: Multi/Split, Two
  • Window Features: Double Pane Windows
  • Security Features: Card/Code Access, Gated Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Covered, Garage - Two Door, Private
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Has View
  • Total # of Units: 6
  • Parcel Number: 03133104
  • Architectural Style: Modern
  • Foundation Details: Raised
  • Accessibility Features: None
  • Property Condition: Repairs Major, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Use Google Maps - Nearest Major Intersection Is Euclid And Valencia
View more facts & features

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Sale History for 1310 W Valencia Dr

Last sold for $1,720,000 on October 6th, 2021
  • January, 2024

  • Jan 1, 2024

    Date

    Active

    CRMLS: 24343681

    $3,300,000

    Price

  • August, 2021

  • Aug 24, 2021

    Date

    Active Under Contract

    CRMLS: TR21073995

    $1,780,000

    Price

  • Aug 23, 2021

    Date

    Hold

    CRMLS: TR21073995

    $1,780,000

    Price

  • Apr 9, 2021

    Date

    Active

    CRMLS: TR21073995

    $1,780,000

    Price

  • Listing provided courtesy of CRMLS

    Well Maintained in City of Fullerton 6 Units Multifamily Investment Apartment. Nice Neighborhood which Provides 3 of 2-Car Garages in the Back for Additional Rental Income. The Property Consist of 6 Units - 4 Units are One Bedroom with One Bath $ 1450 / $ 1495 Per Month, 2 Units are Two Bedrooms with One Bath ( $ 1675 / $ 1550 Per Month). The building has Remodeling which Includes Newer Paint, Newer Windows, Newer Cabinets in Most of the Units, Newer Laminated Flooring. Annual Scheduled Gross Income to be Approx. $108,840. Annual Scheduled Expense to be Approx. $ 33,677 which Covers Property Tax / Management Service/ Landscaping Fee/ Common Area Electricity, Gas, Trash Water. Each Unit has its Own Electricity and Gas Meter. Landlord Pays Water and Trash. Net Operating Income from the Annual Schedule Gross Income is $75,163. Annual Pro Forma Rental Income is $116,458. Cap Rate 4.22%. Walking Distance to Pacific DR Elementary School. Just Half a Mile to Downtown Fullerton, Fullerton College, and Amtrack Station. Easy to Access Freeway 91 and 57.

  • October, 2018

  • Oct 24, 2018

    Date

    Sold

    CRMLS: TR18152598

    $1,350,000

    Price

  • Sep 10, 2018

    Date

    Pending

    CRMLS: TR18152598

    $1,439,000

    Price

  • Jun 26, 2018

    Date

    Active

    CRMLS: TR18152598

    $1,439,000

    Price

  • Listing provided courtesy of CRMLS

    100% OCCUPIED VALENCIA DR APARTMENT IS A 6 UNITS MULTIFAMILY INVESTMENT PROPERTY LOCATED IN THE CITY OF FULLERTON, CA. PROPERTY CONSIST OF 2 TWO BEDROOM AND 4 ONE BEDROOM FLOOR PLAN. BUILD IN 1956. THIS PROPERTY OFFER ONE OF THE BEST NOI OF $72,964 INCOME ANNUALLY THAT MAKES THE CAP RATE OF 5.07%. IT OFFERS 3 DOUBLE CAR GARAGE WITH NEW GARAGE DOORS WITH REMOTE CONTROL OPENERS. PROPERTY IS ALSO WITHIN WALKING DISTANCE TO PACIFIC DR ELEMENTARY SCHOOL. TENANTS ENJOY THE PARKING SITUATION OF THIS COMMUNITY BECAUSE THERE ARE APARTMENTS ON ONE SIDE OF THE STREET ONLY. PROPERTY IS LOCATED JUST HALF A MILE TO DOWNTOWN FULLERTON, FULLERTON COLLEGE AND AMTRAK STATION.

  • October, 2018

  • Oct 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • November, 2011

  • Nov 29, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1310 W Valencia Dr

Assessed Value (2020): $1,377,000
Year Land Value Improved Value Assessed Value
2020 $1,020,000 $357,000 $1,377,000

Home Value Compared to the Market

This property vs the competition

1310 W Valencia Dr is listed 176.79% higher than the median list price for the city of Fullerton which has a median list price of $1,120,000. The median price per/sqft for Fullerton is $583 and this home is listed at $833.11 per/sqft which puts the price per square foot 42.9% higher than the median price per square foot for the city of Fullerton.

About 1310 W Valencia Dr

Detailed summary of property

1310 W Valencia Dr is a multi family located in Fullerton, CA 92833 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 3,721 living square feet, and sits on an approximately 7,405 square foot lot. 1310 W Valencia Dr was first listed on ArdentRealEstateGroup.com on January 4, 2024. The homeowner is currently asking $3,100,000 and was originally asking $3,300,000. The median priced home in Fullerton is $1,120,000 with a median price per square foot of $583. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 176.79% higher than the median priced home. Local competing homes currently for sale include 16861 Green Ln, 2884 La Salle Ave and 970 Valencia St. While the average home in Fullerton, CA is selling in 50 days, 1310 W Valencia Dr has a days on market of 54 days. There are currently 132 homes for sale in the Fullerton real estate market and 103 of them are single family homes while 21 of them are condos and 8 are townhomes. For more information on this home for sale at 1310 W Valencia Dr Fullerton, CA 92833 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 1310 W Valencia Dr

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
3,721
Lot Size
7,476
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
4
APN
031-331-04

The source for these homes facts are from public records.

92833 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,039,900
Median List Price/Sq.Ft.
$599
Median Sold Price
$850,800
Median Sold Price/Sq.Ft.
$561
Total Inventory
56
Median Sale to List Price %
97.23%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (5.26%), VA (0%), Cash (31.58%), Other (26.32%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.